Educomp

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The proposed project (the “Project”) involves an investment of up to US$55 million in Educomp Solutions Limited (“Educomp” or the “Company”). Educomp is one of the largest education companies in India, with over 17,000 employees reaching 29,000 schools and approximately 19 million learners around the world.Educomp has four business segments: (i) “School Learning Solutions” which includes SmartClass, a comprehensive learning management system blending content and technology, and EduReach, a business that provides computer-aided learning systems and content to Government K-12 schools; (ii) “K-12 Schools” which includes pre-schools and brick and mortar K-12 schools; (iii) “Higher Learning Solutions” which focuses on vocational training through a JV with Pearson, university education through a JV with Raffles Education, and teacher training; and (iv) Online, Supplemental & Global, which includes various other initiatives including assessments and counseling, tutoring, and test preparation. The Company’s offerings span a range of pricing options that make them affordable to both middle and lower income learners.The Project will help the Company refinance debt to improve the capital structure and allow more of its future cash flow to be used for capital expenditures to support Educomp’s growth and further domestic and international expansion.