HCL Parent Vama Sundari acquires majority stake in GUVI, a vernacular tech – upskilling company
GUVI is an Integrated tech learning platform offering bootcamps with placement services, and mini-courses, in 6 vernacular languages with diversified product portfolio serving consumers, enterprises (training & hiring), and universities.
LoEstro acted as exclusive financial advisors and worked on the process end-to-end from preparation of collaterals, reaching out to both strategic and financial investors, supported due-diligence process and helped in closure of the transaction. Connected the GUVI team with 80+ financial & 20+ strategic investors including domestic & international companies and corporates. Through the conversation, procured 3 high bidding offers for the target. Negotiated a 140% jump in enterprise value through inducing competitive tension in the deal exceeding expectations while negotiating favorable commercial terms resulting in significant liquidity for promoters and value creation for existing investors
Post acquisition by HCL, formulated growth strategy and synergy for GUVI with HCL
Through HCL’s partnership with the GUVI and its promoters, HCL will use the tech skilling platform and further penetrate deeper in the Indian market and then take the same to international markets.
The partnership will lead to formation of an entity with a business plan to better design, deliver, and manage the areas mentioned above. In doing so, HCL will be creating a trusted marketplace that connects communities of lifelong learners to the best educational providers
