ECOLE FRANCAISE acquired by EDUSERVICES
Context
Eduservices acquired L'Ecole Francaise, beating out another industrial player and two funds. The founders reinvested to keep a minority stake. This transaction follows an aborted Primary LBO process in 2021 where the target sought a very high valuation. The deal allows Eduservices to complete its offer: adding short, online, professionalizing modules to its existing portfolio of long-term diploma courses. The target's revenue surged during the pandemic due to the CPF scheme.
ECOLE FRANCAISE, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Retail & Consumer sector (10.9x).
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Target
Founded in 2016, L'Ecole Française is a 100% online training provider specializing in short vocational courses (languages, real estate, communication, digital skills). The company experienced explosive growth driven by the virtualization of training during Covid-19 and the massive utilization of the French public training fund (CPF). It employs 45 people.
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REFERENCES
Revenue range: 25M - 50M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: eduservices