{"id":265114,"date":"2022-04-06T18:30:25","date_gmt":"2022-04-06T13:00:25","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=265114"},"modified":"2022-04-06T17:46:23","modified_gmt":"2022-04-06T12:16:23","slug":"khaitan-co-advised-adtalem-global-education-inc-on-the-india-leg-of-its-divestiture-of-association-of-certified-anti-money-laundering-specialists-llc","status":"publish","type":"post","link":"https:\/\/blog.scconline.gen.in\/post\/2022\/04\/06\/khaitan-co-advised-adtalem-global-education-inc-on-the-india-leg-of-its-divestiture-of-association-of-certified-anti-money-laundering-specialists-llc\/","title":{"rendered":"Khaitan & Co advised Adtalem Global Education, Inc. on the India leg of its divestiture of Association of Certified Anti-Money Laundering Specialists LLC"},"content":{"rendered":"\n
Tweet<\/a><\/div>\n

Khaitan & Co assisted and advised Adtalem Global Education, Inc. on the India leg of its divestiture of Association of Certified Anti-Money Laundering Specialists LLC.<\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
NO<\/strong><\/td>\nHEADINGS<\/strong><\/td>\nDETAILS<\/strong><\/td>\n<\/tr>\n
1.<\/td>\nSector<\/td>\nFinancial Services Education<\/td>\n<\/tr>\n
2.<\/td>\nAnnouncement Date<\/td>\n10-Mar-2022<\/td>\n<\/tr>\n
3.<\/td>\nCompletion Date<\/td>\n10-Mar-2022<\/td>\n<\/tr>\n
4.<\/td>\nName of Client<\/td>\nAdtalem Global Education, Inc.<\/td>\n<\/tr>\n
5.<\/td>\nAcquirer Details<\/td>\nWendel | France<\/td>\n<\/tr>\n
6.<\/td>\nSeller and Target Details<\/td>\nAdtalem Global Education Inc. | USA | Seller | Represented by Khaitan & Co<\/p>\n

ACAMS GRC (India) LLP | India | Target | Represented by Khaitan & Co<\/td>\n<\/tr>\n

7.<\/td>\nDeal Description<\/td>\nAdvised Adtalem Global Education, Inc. on the India leg of its divestiture of Association of Certified Anti-Money Laundering Specialists LLC for a total consideration of USD 338 million. Wendel, one of Europe’s leading listed investment firms based in Paris, acquired 98% equity stake in Association of Certified Anti-Money Laundering Specialists LLC, a global leader in training and certifications for anti-money laundering and financial crime prevention professionals, from Adtalem Global Education, Inc.<\/td>\n<\/tr>\n
8.<\/td>\nTotal Consideration<\/td>\nUSD 338 million<\/td>\n<\/tr>\n
9.<\/td>\nTeam Members<\/td>\nThe core team consisted of Rajat Mukherjee (Partner), Sarthak Sarin (Partner), Eklavya Malvai (Senior Associate) and Utsav Lohia (Associate) with assistance from Indruj Singh Rai (Partner) and Sarthak Parnami (Associate) on Tax aspects of the transaction.<\/td>\n<\/tr>\n
10.<\/td>\nRole of Firm<\/td>\nWe assisted and advised Adtalem Global Education, Inc. on the India leg of its divestiture of Association of Certified Anti-Money Laundering Specialists LLC. As a part of the India leg, we assisted with the transfer of the partnership interests of ACAMS GRC (India) LLP from an Indian law and tax perspective.<\/td>\n<\/tr>\n
11.<\/td>\nPress coverage<\/td>\nhttps:\/\/www.wendelgroup.com\/wp-content\/uploads\/2022\/03\/PR_Wendel_CLOSING-ACAMS_03112022.pdf<\/a>, https:\/\/www.adtalem.com\/newsroom\/press-releases\/adtalem-global-education-completes-divestiture-of-financial-services-segment#<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Khaitan & Co assisted and advised Adtalem Global Education, Inc. on the India leg of its divestiture of Association of Certified Anti-Money <\/p>\n","protected":false},"author":8808,"featured_media":265115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[],"class_list":["post-265114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news"],"yoast_head":"\nKhaitan & Co advised Adtalem Global Education, Inc. on the India leg of its divestiture of Association of Certified Anti-Money Laundering Specialists LLC | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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