EGW Capital Inc., a leading private equity fund has signed definitive agreement to acquire Flex Class Holdings Inc. in a all stock transaction.

Flex Class Holdings is into online education primarily focusing on the english learning and online MBA. The company works on a unique business model where it refunds the fee to the student at the end of the program.

EGW Capital Inc. will mainly focus on the business of

The management of EGW Capital and Flex Class Holdings met last week at Dubai to discuss the terms and conditions associated with the deal. Both the managements were able to successfully sort out last minute issues associated with the proposed transaction.

This year, EGW Capital has raised funding commitments to tune of US $24 million and will begin utilizing the cash post listing.

EGW Capital Inc. is headed for the listing on the NASDAQ and may acquire and merge several other companies to strengthen its portfolio. EGW Capital may issue additional 10 million shares to finance its acquisition spree.

EGW Capital is also considering investments in India based copper business, a chemical business and may also acquire listed and unlisted shares of the emerging companies in India to build a credible portfolio of investments. EGW Capital will also acquire schools and colleges on behalf of Flex Class Holdings.

EGW Capital has a budget of US $250 million which it will raise through private placements, post listing on the US markets.

EGW Capital may file Form 1-A in the coming few weeks and subject to the approvals will begin its share sale. EGW may begin testing the waters this week.

According to the insiders, Flex Class Holdings has demanded a cash consideration of US $11 million which was subsequently denied by the management of EGW Capital.

EGW Capital has agreed to acquire all outstanding shares of Flex Class Holdings. The 66 million shares of Flex Class mainly constitutes of preferred stock, however, the existing investors of Flex Class Holdings will also exchange their Class B shares in this transaction in lieu of EGW Capital’s stock. EGW has no preferred stock, hence each target will only receive common stock in exchange of their shares.

Flex Class Holdings will operate as a wholly owned subsidiary of EGW Capital under the guidance of its existing management.

Previously, Flex Class Holdings was proposing listing on the OTC Markets at a valuation of over little US $2 billion.

“We are excited to be a part of EGW Capital, this is going to be massive company. Online education is a capital intensive business which requires efficient marketing investments. EGW Capital can act as a single supplier of investments,” said Anurag Vaid, Founder of Flex Class Holdings.

About Us

We are a private equity firm specializing in growth companies. We acquire or build portfolio companies in high growth industries, deploying a proprietary crowdfunding platform and other direct to market capital formation strategies to provide growth financing for our portfolio holdings, and decades of experienced corporate management experience to maximize value for our shareholders.

We look to own companies in high growth industries, with disruptive technologies or significant market advantages, a top flight management team and a compelling strategy for exponential growth. We look for special opportunity wherever it can be found, and we bring a full array of services to our portfolio companies, including strategic growth and marketing, technology, management and long term strategic planning initiatives, grooming our companies for ultimate IPO or other liquidity event. We never stop looking for the next great opportunity, and we work tirelessly for our shareholders.

James Law
Company Name: EGW Capital Inc.
Address: 1100 Peachtree Street NE, Suite 200, Atlanta, Georgia 30309
Phone: 619-284-5893
Email: [email protected]

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