NPM CAPITAL sells educational service provider IDDINK GROUP to SANOMA LEARNING

NPM Capital

On 11 December 2018, Sanoma Learning announced its intention to acquire the educational service provider Iddink Group (‘Iddink’) from its current owner, NPM Capital. The acquisition comprises all parts of the group in the Netherlands, Belgium and Spain. After the acquisition, Malmberg and Iddink Group will collaboratively develop integrated digital solutions to improve and personalise secondary and vocational education. The intended acquisition is subject to approval from the Dutch Authority for Consumers & Markets (ACM) and the works council of Iddink Group.

Iddink Group is best known as a distributor of learning tools and as the developer of the widely used student information systems Magister and Eduarte. In recent years, Iddink Group has built a strong position as a supplier of digital learning platforms. Finnish company Sanoma Learning is the owner of leading educational publishers in several different countries, including Malmberg in the Netherlands and VAN IN in Belgium.

NPM Capital acquired Iddink Group in 2014. Bart Coopmans, Managing Director of NPM Capital, said in a brief explanation about the intended sale: ‘From 2014 onwards we have supported Iddink in its ambition to grow and its digital transition, with a shared mission to help improve the education landscape. We are convinced that the company will be able to further accelerate its successful digital strategy under ownership of a strong strategic shareholder such as Sanoma Learning.’

 

Collaboration for the sake of better education

The acquisition of Iddink Group will enable Sanoma Learning to create the most user-friendly and inspirational digital learning solutions in collaboration with their intended users in the education sector, thereby allowing schools to make a breakthrough in personalised learning methods. Of course Iddink Group will continue its close collaboration with all publishers and its solutions and platforms will remain available across the market. The companies will operate as separate operational companies, whose non-exclusive collaboration remains open to all other providers of content and platforms.

 

History, experience and vision

Malmberg (established in 1885) and Iddink (established in 1922) share a long history and a common vision on the future of education. John Martin, CEO of Sanoma Learning, believes the two will complement each other well: ‘We offer tailored solutions for students and aim to unburden schools. We complement each other in the development of educational methods, platforms and services. We share a common goal: to offer the best personalised and affordable educational solutions.’

Malmberg and Iddink Group have been working together for many years, with developments in digital technology leading to an increasing amount of overlap in their services. ‘I am enthusiastic about the fact that we will now be able to really offer educational solutions that meet the needs of modern education,’ said Wijnand Spring in ’t Veld, CEO of Iddink Group. ‘Malmberg, VAN IN and Iddink Group will continue their independent operations in the Dutch and Flemish market, each with their own specific portfolio of products and services. By lowering the thresholds between publisher and service provider we can optimally address the wishes of teachers, school managers, students and their parents.’

 

About Sanoma Learning

Sanoma Learning is one of Europe’s leading learning companies. It supports over a million teachers in their efforts to enable every student to fully develop his or her talents. With over 1,400 employees in companies in the Netherlands, Belgium, Poland, Finland and Sweden, net sales totalled over €300 million in 2017. Sanoma Learning is a subsidiary of Sanoma Corporation, the Finnish learning and media company listed on Nasdaq Helsinki. In the Netherlands, Sanoma’s best-known subsidiary is Sanoma Media Netherlands, publisher of titles such as NU.nl, Donald Duck and Libelle.

 

About Iddink Group

Iddink Group operates in educational services in the Netherlands, Belgium and Spain. Through its three brands Iddink, Eduarte and Magister it offers digital learning environments, apps, and advanced learning tools and solutions that enable over two million users every day to develop their talents in a personalised manner. Also part of the Iddink Group is The Implementation Group (TIG), the leading business intelligence specialist for the education sector. The company employs over 300 people, more than half of the employees working in educational technology.

Categories: News

Tags:

Midlothian Capital Partners acquires PGL in £467m deal

Midlothian

London, 26 October, 2018

Midlothian Capital Partners (“MCP”) and a consortium of investors have agreed to acquire HB Education Limited (“HB Education”) – the holding company for PGL – for a value of £467 million.

HB Education is the UK’s leading outdoor education and study travel group. The market leading company provides residential adventure and study trips for schools, youth organisations and young people through the PGL brand, along with educational travel tours for schools and further/higher education students through NST, EST and Studylink. In addition, Travelplus (Germany) offers language travel and gap year experiences.

The vendor was Cox & Kings, the longest established travel company in the world.

This is Midlothian’s third consumer sector deal in the past two years following the £210m acquisition of Dobbies Garden Centres from Tesco in 2016 and the £110m purchase of Park Leisure, the holiday home operator, in 2017.

MCP received financing support through funds managed by Ares Management Ltd. The existing HB Education management team will stay in post and plan to expand the business both in the UK and internationally. It currently owns 26 Regional Activity Centres in the UK, France, Spain and Australia.

The company was founded in the late 1950’s by Peter Gordon Lawrence, initially providing canoe trips on the River Wye.  In 2007 it was acquired by Holidaybreak plc and merged with NST to create the leading experiential learning programme business in the UK. It was acquired by Cox & Kings in 2011.

Midlothian’s Neil Currie is Chairman-designate of HB Education. He said:

“HB Education is an industry-leading operator within both the residential outdoor activity and educational travel sectors. PGL is a much-loved brand among teachers and students and has created lasting, happy memories – including many among our own families.

We are delighted that the existing management team, led by CEO John Firth and CFO Peter Churchus, have agreed to remain with the company and partner with us. They have led HB Education impressively through its most successful growth period and their focus on customer satisfaction and team culture is a key reason for our interest in the group.”

Andrew Bracey of MCP, said:

“This transaction follows our recent acquisitions of Dobbies Garden Centres and Park Leisure and further demonstrates the strength of our network and operating model, as well as our ability to build close relationships with principals. PGL/HB Education adds another highly relevant and customer-focused business to our portfolio – crucial attributes within a rapidly changing consumer sector.”

Aidan Clegg of MCP, said:

“Cox & Kings have been excellent owners of the company, a pleasure to deal with and we look forward to continuing our relationship following the transaction.”

John Firth CEO of HB Education, said:

We are delighted that MCP has been chosen as the next owner of our company. We feel that MCP’s values align strongly with those of our staff and customers and we look forward to partnering with them as we open a new chapter in our long history of excellence and growth.”

Mike Dennis, Co-Head European Credit at Ares, said:

“We are delighted to have the opportunity to work with MCP and HB Education on this transaction. This is our third transaction with MCP and based on their significant experience in related sectors through their existing portfolio investments, we are confident that MCP represents a strong and appropriate partner for the company as it enters the next phase of its development”

Peter Kerkar, Group CEO of C&K, said:

“We are delighted that the education business has found a home with Midlothian as we are certain that they will continue to invest and develop the education business.”

Advisers to MCP include: Rothschild (financial), Slaughter and May (legal), and EY (accounting and tax).

Advisors to Cox & Kings include: Eversheds Sutherland (legal) and Baird (financial) and Axis Capital

Advisers to Ares include: Dechert LLP (legal)

ENDS

Contact:

Montfort Communications

Nick Miles 07739 701634

James Olley 07974 982302

 

About Midlothian Capital Partners

Midlothian Capital Partners is a consumer-focused investment company. The three founders of MCP (Andrew Bracey, Aidan Clegg and Neil Currie) have more than 70 years combined experience in consumer facing businesses in corporate finance, private equity, research and business management. The three founders will all join the board of HB Education.

About Ares Management, L.P.

Ares Management, L.P. is a publicly traded, leading global alternative asset manager with approximately $121.4 billion of assets under management as of June 30, 2018 and 18 offices in the United States, Europe, Asia and Australia. Since its inception in 1997, Ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. Ares believes each of its three distinct but complementary investment groups in Credit, Private Equity and Real Estate is a market leader based on assets under management and investment performance. Ares was built upon the fundamental principle that each group benefits from being part of the greater whole. For more information, visit www.aresmgmt.com.

Categories: News

Tags:

Onex Completes Investment in PowerSchool –

Onex

Toronto, August 1, 2018 – Onex Corporation (“Onex”) (TSX: ONEX) today announced it has
completed an investment in PowerSchool Group LLC (“PowerSchool”), the leading education
technology platform for K-12 schools. Vista Equity Partners is an equal equity partner with
Onex. Onex’ investment was made by Onex Partners IV, its $5.7 billion fund.

About Onex
Onex is one of the oldest and most successful private equity firms. Through its Onex Partners
and ONCAP private equity funds, Onex acquires and builds high-quality businesses in
partnership with talented management teams. At Onex Credit, Onex manages and invests in
leveraged loans, collateralized loan obligations and other credit securities. Onex has more than
$32 billion of assets under management, including $6.7 billion of Onex proprietary capital, in
private equity and credit securities. With offices in Toronto, New York, New Jersey and
London, Onex and the team are collectively the largest investors across Onex’ platforms.
Onex’ businesses have assets of $49 billion, generate annual revenues of $31 billion and employ
approximately 207,000 people worldwide. Onex shares trade on the Toronto Stock Exchange
under the stock symbol ONEX. For more information on Onex, visit its website at
www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

This news release may contain forward-looking statements that are based on management’s
current expectations and are subject to known and unknown uncertainties and risks, which could
cause actual results to differ materially from those contemplated or implied by such
forward-looking statements. Onex is under no obligation to update any forward-looking
statements contained herein should material facts change due to new information, future events
or otherwise.

For further information:
Emilie Blouin
Director, Investor Relations
Tel: 416.362.7711

Altor enters into partnership with Gnist

Altor

On May 1st, Altor Fund IV (“Altor”) signed an agreement to enter into a partnership and acquire a majority of the Norwegian preschool chain Gnist Barnehager AS (“Gnist”) from founders and owners Kjersti and Bjørn Grønmyr. Kjersti and Bjørn will continue to stay active and own a minority stake in the company.

Gnist is a preschool chain with a unique concept focusing on a systematic approach to operations, supported by good practices. This ensures high and consistent quality in all Gnist preschools, with focus on the child’s individual needs and close cooperation with highly satisfied parents. The approach ensures that each child is given individual attention, follow-up and feels included in order to enable them to learn and grow at their own pace. Gnist Barnehager currently owns 17 preschools in Møre & Romsdal, Trøndelag and Hordaland.

”We are proud to enter into this partnership with Kjersti and Bjørn,“ says Maria Tallaksen, Partner at Altor. “We are impressed with Gnist, their employees and their approach and we are excited that Kjersti and Bjørn will stay on to develop Gnist Barnehager further,” Maria Tallaksen continues.

”In Altor we have found a partner that will uphold our core values,” says founder and manager Kjersti Grønmyr. “We will continue to be engaged, competent, efficient and innovative and through this ensure that each child has a caring, safe and developing time at our preschools,” Kjersti Grønmyr continues.

The transaction is subject to customary regulatory requirements and approvals.

For more information, please contact:
Børre Andreassen, Head of Communication at Gnist, Tel: +47 92 04 91 20
Maria Tallaksen, Partner at Altor, Tel: +47 90 16 88 73

About Altor
Since inception, the family of Altor funds has raised some EUR 5.8 billion in total commitments. The funds have invested in excess of EUR 3.8 billion in more than 40 companies. The investments have been made in medium sized Nordic companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Lindorff, Helly Hansen, Carnegie, Spectrum, EWOS, Dustin, Rossignol, S Banken og SATS ELIXIA. For more information visit altor.com.

About Gnist Barnehager
Gnist Barnehager is a chain of privately owned preschools located in Hordaland, Møre and Romsdal and Trøndelag. The chain opened their preschool in 2004 under the name Grønmyr Barnehage, the name was changed to Gnist Barnehager in 2014. The chain currently comprises 17 preschools, with 500 employees and approximately 2000 children enrolled, with plans to develop the concept in the rest of Norway.

Categories: News

Tags:

EQT Credit completes financing to leading premium school group Inspired

eqt

EQT Credit, through its Mid-Market Credit investment strategy, today announces that it has provided EUR 115 million of financing to support Inspired’s (the “Company”) acquisition strategy.

Inspired is a leading global operator of over 30 premium schools in Europe, Australia, Africa, the Middle East and Latin America. The Company has grown rapidly by building new schools and acquiring existing successful ones around the world and currently educates over 24,000 students between the ages of 1 and 18.

Inspired was founded by Nadim M. Nsouli, Chairman and controlling shareholder. Additional shareholders include TA Associates, Oakley Capital, the Oppenheimer family, the Mansour Group, Genesis Capital and Graeme Crawford (founder of Reddam House).

Paul Johnson, Partner at EQT Partners’ Credit team, Investment Advisor to EQT Credit, commented: “Inspired has rapidly developed into one of the largest international premium K-12 platforms and we have been impressed by the high-quality portfolio of schools. Inspired is led by an ambitious and driven management team, and we are pleased that EQT Credit has been able to provide a financing solution to suit the requirements of the Company and its shareholders”.

Nadim Nsouli, Founder and Chairman of Inspired, commented: “We are pleased to team up with EQT Credit as we continue to acquire some of the leading premium schools around the world. Inspired has an ambitious growth plan driven by an entrepreneurial team and supported by world class educators. EQT Credit’s support will be greatly valued in the coming years.”

Contacts:
Paul Johnson, Partner at EQT Partners, Investment Advisor to EQT Credit, +44 207 430 5554
Nakul Sarin, Director at EQT Partners, Investment Advisor to EQT Credit, +44 755 128 9396
EQT Press Office, +46 8 506 55 334, press@eqtpartners.com

About EQT
EQT is a leading alternative investments firm with approximately EUR 38 billion in raised capital across 25 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About EQT Credit
EQT Credit invests through three complementary strategies: senior debt, Mid-Market Credit (direct lending) and credit opportunities. Since inception, EQT Credit has invested approximately EUR 4.0 billion in 150 companies. EQT Credit’s direct lending strategy seeks to provide flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. These businesses may be privately-owned corporates seeking alternative funding to grow or be the subject of private equity-led acquisitions or refinancings.

For more information: www.eqtpartners.com/Investment-Strategies/Credit

About Inspired
Inspired is a leading premium schools group operating in Europe, Australia, Africa, the Middle East and Latin America educating over 24,000 students across a global network of over 30 schools in 10 countries. Inspired offers a fresh and contemporary approach to education by re-evaluating traditional teaching methods and curriculums, and creating a more dynamic, relevant and powerful educational model.

For more information: www.inspirededu.co.uk

 

Categories: News

Tags:

AURELIUS successfully closes the Studienkreis Group exit

Aurelius

  • Selling price EUR 71.7 million
  • Multiple of capital employed of 11.6x
  • Significant increase in revenues and profitability after successful realignment by AURELIUS following acquisition in 2013
  • Record dividend for 2017 of EUR 5.00 per share

Munich, 21 December 2017 – As of 20 December 2017, AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) successfully completed the sale of its portfolio company Studienkreis to IK Small Cap I Fund, a fund advised by the pan-European private equity firm IK Investment Partners. The selling price is EUR 71.7 million, with a multiple of capital employed of 11.6x. Studienkreis Group is already the third very successful exit by AURELIUS in 2017.

Significant increase in revenues and profitability after successful realignment by AURELIUS following acquisition in 2013

Since the acquisition of Studienkreis Group from Franz Cornelsen Bildungsgruppe in 2013, AURELIUS established the company as clear No. 2 in the tutoring market with roughly 1,000 locations in the German-speaking countries and roughly 60,000 students. During the time with AURELIUS, more than 140 new locations were opened or acquired from franchise partners; to this end, a seven-digit amount was invested in Studienkreis every year. Furthermore, an innovative, integrated online programme was developed and established. Besides contacting customers through targeted online marketing, tailored tutoring services are offered on the Internet. The programme also features its own Studienkreis app.

On the basis of these measures, revenues increased by over 20 percent and EBITDA more than quintupled under AURELIUS ownership.

Record year allows for a dividend increase to EUR 5 per share

“2017 was a very eventful but primarily also extremely successful year for AURELIUS. We successfully exited several realigned companies and acquired seven new companies”, says Dirk Markus, CEO of AURELIUS Equity Opportunities. “As a result, our shareholders can also benefit from a record dividend. The dividend proposed by the Executive Board provides for a 25 percent increase in the overall dividend per share compared with the prior-year figure from EUR 4.00 to EUR 5.00. Measured in terms of the current return of almost 9 percent, AURELIUS is at the top of the league table in terms of German dividend-bearing shares.”

Categories: News

Tags:

Eurazeo and Primavera Capital Group complete acquisition of Worldstrides

Eurazeo

Eurazeo, a leading global investment company listed in Paris, in partnership with Primavera Capital Group, a major China-based investment firm, has announced the completion of the acquisition of WorldStrides, a premier experiential education provider serving students of all ages. The partnership will accelerate WorldStrides’ global expansion and growth through program diversification and investment in sales and marketing, furthering the company’s 50+ year mission to ignite personal growth for students through educational travel and study abroad.

Eurazeo and Primavera Capital Group reached an agreement in November 2017 to purchase the company. Eurazeo’s total investment is $469 million, representing a majority equity stake of approximately 80%.

WorldStrides reported over $580m in Revenue and Adjusted EBITDA

1margin of 13% in the Fiscal Year ending June 30, 2017.

 

About WorldStrides

WorIdStrides, headquartered in Charlottesville, Va., is the largest educational student travel company and study abroad organization in the United States. The company was founded in 1967 to provide middle school travel programs to Washington, D.C., and has grown to provide educational programs for more than 400,000 students annually from more than 7,000 universities and K12 schools to over 100 countries around the world. The organization’s full suite of programs is tuned to learners at stages from elementary through post-graduate levels, and feature specializations like performing arts, sports and study abroad.

About Eurazeo

With a diversified portfolio of approximately ~€7 billion in assets under management, of which €1 billion is from third parties, Eurazeo is a leading global investment company with offices in Paris and Luxembourg, New York, Shanghai and Sao Paolo. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. The firm covers most private equity segments through its five business divisions – Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. As a global long-term shareholder, the firm offers deep sector expertise, a gateway to global markets, and a stable foothold for transformational growth to the companies it supports.

Eurazeo is listed on Euronext Paris.

ISIN: FR0000121121

Bloomberg: RF FP -Reuters: EURA.PA 1

Reflects the cash collected for trips not yet departed and the approximate costs for those trips.

 

About Primavera Capital Group

Primavera Capital Group is a China-based investment management firm. Founded by Dr. Fred Hu, a renowned economist and prominent investor, and formerly a partner and Chairman of Greater China at Goldman Sachs Group, the firm’s investment team has over 30 outstanding professionals with global M&A and capital market experience, strong industry expertise, deep local knowledge, and a unique network of relationships with policy makers, leading CEOs and influential entrepreneurs. Primavera employs a flexible investment strategy of control/buy-outs, growth capital and cross-border transactions. Primavera’s investments capitalize on China’s emergence as the world’s biggest consumer market. The firm targets investments in the financial services, consumer, education, health care, and TMT sectors, where Primavera has significant expertise and experience. Primavera has built a high -quality portfolio consisting of leading companies in some of the world’s fastest – growing and most innovative industries.

 

Categories: News

Tags:

EQT Credit provides financing to support the acquisition of Studienkreis, a leading player in the German tutoring market

eqt

The EQT Mid-Market Credit fund (“EQT Credit”) today announces that it has provided a tailored financing solution to support IK Investment Partners’ investment in Studienkreis Holding GmbH (“Studienkreis” or the “Company”), a German private tutoring service provider.

Studienkreis was founded in 1974 and is headquartered in Bochum. It operates a network of over 1,000 learning centres and offers small group tutoring to 60,000 primary and secondary school students across Germany. It also offers online tutoring and has developed the Studienkreis app for homework support. The Company has a strong growth profile, driven by expansion both through acquisitions and opening of new centres. Studienkreis has opened 150 new locations since 2013, when previous owner Aurelius acquired the group, and today has 160 full time employees.

EQT Credit is providing a unitranche facility to back IK Investment Partners’ acquisition of Studienkreis. The drawn debt consists of a super senior package by Berenberg Bank and an Unitranche facility. The parties have agreed not to disclose the terms of the transaction.

Paul Johnson, Partner at EQT Partners’ Credit team, Investment Advisor to EQT Credit, commented: “EQT Credit has a strong history in providing financing to the education sector. We are looking forward to supporting Studienkreis to further facilitate growth and expansion of the Company”.

Contacts:
Paul Johnson, Partner at EQT Partners, Investment Advisor to EQT Mid-Market Credit, +44 207 430 55 54
EQT Press Office, +46 8 506 55 334, press@eqtpartners.com

About EQT
EQT is a leading alternative investments firm with approximately EUR 37 billion in raised capital across 25 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More information: www.eqtpartners.com

About the EQT Credit platform
The EQT Credit platform, which spans the full risk-reward spectrum investing with three strategies: senior debt, direct lending and credit opportunities, has invested over EUR 3.6 billion in more than 136 companies since inception in 2008.

More information:www.eqtpartners.com/Investment-Strategies/Credit

 

Categories: News

Tags:

FIELDS Group acquires majority stake in FMTC

Fields Group

November 2017 – FIELDS Group, a renowned industrial holding with offices in Amsterdam and Munich, acquires a majority stake in FMTC. FIELDS Group will support the management of the fast growing safety training provider in its further expansion. FMTC is one of the leading safety training providers in the Netherlands for offshore, maritime, wind and industry. With locations in Schiphol, IJmuiden and Dordrecht, the company can serve its client base optimally. Approximately 70 skilled trainers provide the highest quality of safety training according to the highest international standards. Together with founder Rob Bruinsma and the management team of FMTC, FIELDS Group will further build on the strong foundation that has been built in recent years.

Rob Bruinsma, managing director of FMTC, explains: “With FIELDS Group we have found a partner with relevant experience in further professionalizing our organization and prepare for further growth in the Netherlands as well as abroad. Our current setup with three locations in the Netherlands enable us to service our European client base. Coming years we will look for opportunities to expand our highly flexible, customer focused model into other countries.”

René van der Velden, CEO of FIELDS Group: “FMTC has managed to disrupt the Dutch market for safety training for offshore, marine, wind and industry by offering a highly flexible model, the highest possible quality on an exciting location, that offers a unique experience for trainees. FMTC has proven to be very successful and we are very excited to be able to partner with Rob and his team to further role out this concept internationally. We have identified various opportunities and FIELDS will support FMTC with follow-on investments if needed.”

About FMTC

FMTC, with training locations in Schiphol, Dordrecht and IJmuiden, is a provider of safety training for offshore, maritime, wind and industry. FMTC is fully certified by all relevant parties such as OPITO, NOGEPA, GWO and STCW.

www.fmtc.nl

 

About FIELDS Group

FIELDS Group is a renowned industrial holding with offices in Amsterdam and Munich. With its in-house operational taskforce FIELDS Group is directly involved with the development of the group companies. FIELDS Group invests in industrial companies with its headquarters in the Netherlands or Germany.

www.fields.nl

 

Contact for press:

Rob Bruinsma, FMTC: +316 5029 6819, rob@fmtc.nl

René van der Velden, FIELDS Group: +316 5343 5712, r.vandervelden@fields.nl

 

Categories: News

Tags:

IK Investment Partners to support Studienkreis

ik-investment-partners

IK Investment Partners (“IK”) is pleased to announce that the IK Small Cap I Fund together with Management has reached an agreement to acquire Studienkreis GmbH, (“Studienkreis” or “the Company”), a leading provider of tutoring services for primary and secondary school students in Germany from Aurelius.

Since its inception in 1974, Studienkreis has developed into one of the leading providers of tutoring services on the German market. The Company operates a dense network of over 1,000 learning centres, offering small group tutoring to c. 60,000 primary and secondary school students across Germany, covering all common subjects as well as special preparatory courses for pre graduation exams. The Company has further developed a true online offering, comprising the Studienkreis App supporting students with their homework and tutoring schedule. Renowned for its high quality tutoring services as well as proven learning concept – developed and refined over 40 years, Studienkreis benefits from high brand awareness and customer satisfaction in the German market and has continuously been certified by various testing institutes.

“Customer satisfaction is truly at the centre of our business strategy. Our qualified and certified tutors assess every student individually; personalised support plans, as well as the documented progress are discussed with parents on a regular basis. It is this proven learning concept Studienkreis has built its reputation on. We now embark on the next phase of our growth trajectory with the support from IK and I’m truly excited for the opportunity to even better service our students,” said Lorenz Haase, CEO of Studienkreis.

“Studienkreis has a distinctive successful concept and a proven track record. Together with the highly experienced management team, we are looking forward to supporting the Company’s future success as they continue to grow their network and their tutoring offering,” said Anders Petersson, Partner at IK Investment Partners and advisor to the IK Small Cap I Fund.

Completion of the transaction is subject to merger control approvals.

For further questions, please contact: 

IK Investment Partners

Anders Petersson
Partner
Phone: +49 40 369 8850

Mikaela Hedborg
Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com

Studienkreis GmbH
Thomas Momotov
Press and public relations
Phone: +49 2 34 97 60 12
tmomotow@studienkreis.de

About Studienkreis GmbH
Studienkreis is one of the leading private education providers in Germany. The company offers qualified tutoring for students of all classes and types of school in all major subjects. Individual support follows a scientifically proven learning concept. It strengthens the students’ sense of responsibility towards their learning, improves their confidence in their abilities, and helps them to develop their potential. For more information, visit www.studienkreis.de

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9 billion of capital and invested in over 110 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

Categories: News

Tags: