The Blackstone Group Inc. (NYSE:BX) entered into an agreement to acquire unknown majority stake in Simplilearn Solutions Private Limited from Kalaari Capital Partners II, a fund managed by Kalaari Capital Advisors Private Limited, Helion Venture Partners III, a fund managed by Helion Venture Partners, LLC, Mayfield Fund, LLC and others for $250 million on July 19, 2021. Under the transaction, Simplilearn's management remains the same and their stake will also remain unaffected. Shardul Amarchand Mangaldas & Co acted as the legal advisor to Simplilearn. EY-Parthenon acted as the financial advisor, Khaitan & Co. and Simpson Thacher & Bartlett LLP acted as the legal advisors and KPMG acted as the accountant to The Blackstone Group Inc.