FSN Capital III divests Vindora to AcadeMedia

Fsn Capital

FSN Capital III has entered into an agreement to divest Vindora to AcadeMedia, Northern Europe´s largest education company.

Vindora is a leading education provider, primarily active in the upper secondary segment, with a market leading position in apprentice based vocational education. Vindora has for almost two decades contributed to society by addressing one of the main challenges, youth unemployment. Vindora’s unique education model, based on a close collaboration with thousands of small and medium sized companies across Sweden, has proven to be highly effective in enabling the students to build relevant work experience and thereby enhance their job placement rate.

Marcus Egelstig, Principal at FSN Capital AB, acting as adviser to the FSN Capital Funds, says:
”We are proud of Vindora’s development during FSN Capital’s close to eight-year ownership period. Under the leadership of CEO Jarl Uggla, Vindora has continuously developed its successful education model and invested heavily in structure and processes to build a solid platform for the long run. To join forces with the industry leader, AcadeMedia, means that Vindora has optimal conditions for continued positive development”.

Please press here to read the AcadeMedia press release.

FSN Capital III was advised by Wigge & Partners, KPMG and ABG Sundal Collier.

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Almi Invest invests in Studybee

Almi Invest

Almi Invest invests two million in Malmo Company StudyBee, a elevutvecklings- and assessment service for Google Classroom, which allows teachers to individualize and grade student assignments.

In the issue of a total of four million is also participating private investors, among others Djäkne startup Studio and football pros Pontus Jansson and Robin Olsen through his investment company PJ & PL Invest AB. The money will be used to launch in the UK.

Today’s school becomes increasingly digitized, but teachers are often referred to several different, often complex, systems for planning education, rate and follow up. It means that the teacher must devote much time on administration. This would StudyBee easier by offering a product that provides comprehensive assessment in handy Google Classroom.

With StudyBee teacher can easily perform all tasks related to teaching, feedback to the student, grades, and save and share information with the individual student.

– StudyBee release time for teachers and makes it easy to individualize instruction and follow the curriculum, says Jenny Strömberg, Investment Manager at Almi Invest. It becomes more and more obvious that the use of digital content in the classroom. Here StudyBee good opportunity to establish itself as a leading player.

The service launched in Sweden in autumn 2016 and has already managed to attract 170 schools with 20,000 students. Establishment in the UK took place in spring 2017 and the plan is also a presence in the US eventually. The launch is in partnership with Google’s Premium Partners, for example, British C-Learning.

– Thanks to this capital increase, we can now continue to process our markets in cooperation with Google’s partners, says StudyBees CEO Ian Rattigan. Our goal is to StudyBee will help to reduce teachers’ workload and help students achieve their potential.

 

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EQT Mid-Market Credit provides financing to support TA Associates’ investment in Inspired

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The EQT Mid-Market Credit Fund announced today that it has provided a tailored financing package to support a strategic growth investment by TA Associates in Inspired, a leading group of premium schools in Europe, Africa, Latin America and Australia. Terms of the transaction were not disclosed.

Inspired is a co-educational, non-denominational, independent school group designed to inspire students to achieve their maximum potential in a nurturing and progressive academic environment. Inspired has grown rapidly by building new schools and acquiring existing successful ones around the world. Inspired currently educates approximately 19,000 students between the ages of 1 and 18. The company has offices in London, Johannesburg, Bogota and Sydney.

Oakley Capital, the Oppenheimer family, the Mansour Group, Genesis Capital and Graeme Crawford (founder of Reddam House) will continue as shareholders of Inspired. Nadim M. Nsouli, founder of Educas, a long-term education investment vehicle, will remain as the lead investor in Inspired.

Andrew Cleland-Bogle, Director in EQT Partners’ Credit Team, Investment Advisor to the EQT Mid-Market Credit Fund, commented: “Inspired has achieved significant growth and development since its founding only four years ago.  We are delighted to support TA Associates as Inspired’s entrepreneurial management team looks to continue its impressive track record of growth and expansion.”

Andrew Konopelski, Partner and Head of EQT Partners’ Credit Team, Investment Advisor to the EQT Mid-Market Credit Fund, added: “This transaction exemplifies how private equity investors can use creative private debt capital to finance growth aspirations. Utilizing EQT’s independent Industrial Advisor network and sector expertise, we were able to move quickly with EQT Mid-Market Credit delivering a financing package on mutually attractive terms.”

Contacts:
Andrew Cleland-Bogle, Director at EQT Partners, Investment Advisor to EQT Mid-Market Credit,
+44 208 432 5429
EQT Press Office, +46 8 506 55 334

About EQT
EQT is a leading alternative investments firm with approximately EUR 37 billion in raised capital across 24 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.

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 2.5 billion in more than 80 companies since inception in 2008. The EQT Mid-Market Credit Fund 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.

More info: http://www.eqtpartners.com/Investment-Strategies/Credit

About Inspired
Inspired is a leading premium schools group in Europe, Australia, Africa and Latin America educating 19,000 students across a global network of 27 premium schools and five Early Learning Schools. 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 model reflecting current attitudes.

More info: www.inspirededu.co.uk

About TA Associates
TA Associates is one of the largest and most experienced global growth private equity firms. Focused on five target industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in nearly 500 companies around the world. Comfortable as either a majority or minority investor, TA employs a long-term investing approach, utilizing its strategic resources to help management teams build lasting value in growth companies. TA has raised $24 billion in capital and is investing out of current funds of $7.25 billion. The firm’s more than 85 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong.

More info: www.ta.com

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EQT Mid Market invests in a group which owns ILA Vietnam

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EQT Mid Market invests in a group which owns ILA Vietnam

  • EQT Mid Market invests in a group which owns ILA Vietnam, a premium market leader in the English Language Training (“ELT”) sector in Vietnam
  • Strategy is to support continued growth and development of the company to stay ahead of its peers, through enhancements of the academic product offering, learning experience and environment, and network expansion, by leveraging on EQT’s experience and network globally

The EQT Mid Market investment strategy (“EQT Mid Market”) invests in a group which owns ILA Vietnam (“ILA” or the “Company”). An early pioneer in the premium ELT industry, ILA has a well-established reputation and a history that goes more than 20 years back. Today, ILA has over 20,000 ELT enrollments across Vietnam, and in addition offers overseas study consultancy, teacher training services and corporate English training.  ILA strives to be at the forefront in delivering high quality and up-to-date programs to its students across Vietnam.

Mr. Johan Bygge, Chairman of EQT Asia Pacific said: “We are excited to see EQT Mid Market join forces with a market leader in Vietnam’s ELT sector such as ILA. The vast EQT experience, insights and network in the education sector globally, will be of great support in taking ILA to the next level.”

“We are impressed by the Company’s premium curriculum offering and delivery methods, which have been key reasons for its long-term success. Going forward, there will be very interesting opportunities to grow the ILA offering to students all across Vietnam.” says Mr. Tak Wai Chung, Partner at EQT Partners, Investment Advisor to EQT Mid Market.

Contacts
Tak Wai Chung, Partner at EQT Partners, Investment Advisor to EQT Mid Market +65 6595 1830
EQT Press Office +46 8 506 55 334

About EQT
EQT is a leading alternative investments firm with approximately EUR 37 billion in raised capital across 24 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 ILA Vietnam
ILA Vietnam is a leading premium ELT service provider in Vietnam. The Company offers premium English Language Training, overseas study consultancy, teacher training services and corporate English training.
More info: http://ilavietnam.edu.vn/

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Sale of shares in AcadeMedia AB (publ)

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Marvin Holding Limited (a holding company owned by EQT V Limited and its co-investors) (“Marvin”) has sold 15,000,000 shares in AcadeMedia AB (publ) (“AcadeMedia”) through an accelerated bookbuilding process to Swedish and international institutional investors at a price of SEK 57 per share (the “Placing”).

Following the Placing, Marvin owns 24,098,326 shares in AcadeMedia, representing approximately 25.4% of the total number of shares in AcadeMedia. Subject to customary exceptions or obtaining consent from Carnegie Investment Bank AB (publ) (“Carnegie”) and Skandinaviska Enskilda Banken AB (publ) (“SEB”), Marvin has agreed to a lock-up period, in relation to its remaining shares in AcadeMedia, until the period ending on the date of the publication of AcadeMedia’s year-end report 2016/2017, that currently is planned to be published on 30 August 2017.

Carnegie and SEB acted as joint bookrunners in connection with the Placing.

Marvin Holding Limited

20 June 2017

 

THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES OR INVESTMENTS FOR SALE OR A SOLICITATION OF AN OFFER TO BUY SECURITIES OR INVESTMENTS IN ANY JURISDICTION WHERE SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. NO ACTION HAS BEEN TAKEN THAT WOULD PERMIT AN OFFERING OF THE SECURITIES OR POSSESSION OR DISTRIBUTION OF THIS ANNOUNCEMENT IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY SUCH RESTRICTIONS. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

 

 

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3i announces sale of Lekolar generating proceeds of c. £33 million

3I

3i Group plc (“3i”), and funds managed by 3i, today announces that it has signed a preliminary agreement for the sale of Lekolar, the leading supplier of educational and learning material, furniture, toys, stationery, arts & crafts and playground materials to pre-schools and secondary schools in the Nordics to Nalka Invest AB.

The transaction is subject to the receipt of regulatory approvals as well as the satisfaction of customary closing conditions. Subject to these approvals, proceeds to 3i from today’s transaction will be c. £33m, a 17% increase on its September 2016 sterling valuation. The transaction is expected to complete in March 2017.

3i led the buyout of Lekolar in February 2007, investing in the largest platform in educational and pedagogical products in the Nordics. During 3i’s ownership, Lekolar has significantly strengthened its management team, broadened its offering and expanded its international reach.

-Ends-

For further information, contact:

3i Group plc
Silvia Santoro
Investor enquiries
Tel: +44 20 7975 3258
Email: silvia.santoro@3i.com

Toby Bates
Media enquiries
Tel: +44 20 7975 3032
Email: toby.bates@3i.com

Notes to editors:

About Lekolar

Lekolar is the leading supplier of educational and learning material, furniture, toys, stationery, arts & crafts and playground materials to pre-schools and secondary schools in the Nordics. The company is active in Norway, Denmark, Finland and Sweden. Lekolar is headquartered in Osby, Sweden and has a purchasing office in Shanghai. The company employs c.280 people.

About 3i Group

3i is an investment company with two complementary businesses, Private Equity and Infrastructure, specialising in core investment markets in Northern Europe and North America. For further information, please visit: www.3i.com

Regulatory information

This transaction involved a recommendation of 3i Investments plc, advised by 3i Sweden.

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