Pre-school Chain Tree House To Merge With Zee Learn

In a significant consolidation in the organised private pre-school education sector, pre-school chain Tree House, will merge with Zee Learn, subject to approval from shareholders and regulatory approval.

Tree House Education and Accessories (THEA) – which runs nearly 700 centres across the country – said in a statement, “Both Zee Learn and Tree House are in similar line of business activities i.e. business pre-school and with a view to consolidate the business operations, the board of directors of the company decided to amalgamate Tree House with Zee Learn.”

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Under the scheme, shareholders of THEA will receive 53 fully paid shares of Re 1 each of Zee Learn for every 10 THEA shares of Rs 10 each. The deal is valued at Rs 923 crore. THEA will be wound-up pursuant the scheme becoming effective.

Zee Learn – run by Essel Group’s education unit – operates around 1,600 pre-schools across the country under the name Kidzee. Spread across more than 550 cities, Kidzee is the largest pre-school chain in Asia. It has tutored 400,000 children since its inception in 2003 and has over 40,000 students at present.