Cerestra buys Pune school, Euro group to operate it under Billabong brand

Private equity fund Cerestra Advisors has acquired a K12 school in Pune as a part of their plan to build a portfolio of schools in the country and float an educational Invit (infrastructure investment trust).

Cerestra bought Billabong High International School in Hadapsar area of Pune for Rs 600 million through its Cerestra Edu Infra Fund, which presently owns a total of eight K12 schools valued at over Rs 4.5 billion.

The said school is spread across 2.25 acres of land and has a built-up area of 135,000 square feet with a capacity of 2500 students. The school is leased