Rybalkin Gortsunyan Partners has advised the shareholders of the Uchi.ru educational platform on the sale of a 25% stake in the platform, with an option of an increase to a controlling interest, to the Mail.ru Group and a consortium of investors formed by the Russian Direct Investment Fund and Russia-China Investment Fund. DLA Piper reportedly advised the buyers.
The value of the transaction exceeds RUB 3.75 billion.
According to RGP, “Uchi.ru is a resident of the IT cluster of the Skolkovo Innovation Center, one of the largest online platforms in Russia for school and independent learning. According to information provided by the company, the service is used by approximately half of the school children in Russia – over eight million students and over 350 thousand teachers. The platform produces educational content for year 1 to year 11 students on all major subjects. In addition, it allows students to study coding and target-setting, prepare for school exams, and take part in academic competitions. The company also develops projects for foreign markets: HappyNumbers.com, Bricsmath.com, and Dragonlearn.org.”
RGP’s team included Partners Suren Gortsunyan and Oleg Isaev, Associates Marina Abazyan and Daniil Ivanov, and Junior Associate Danil Karimov.