EDUCARE acquired by SWISS LIFE ASSET MANAGERS
Context
Swiss Life Asset Managers has acquired a 75% stake in Educare, a leading Spanish private education group, from Alma Terra Mater and the company's founder. Operating eight schools with 10,000 students, Educare will benefit from this long-term infrastructure partnership to consolidate its market position. This strategic investment marks a significant entry into the education sector for the Swiss fund, focusing on high-quality assets with stable, long-term growth prospects.
EDUCARE, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.0x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
A leading private education group operating 8 schools in the Madrid region. Educare provides comprehensive educational services from nursery to high school (K-12), managing 10,000 students and 900 employees.
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Historical Financials (EUR)
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|---|---|---|---|---|---|
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| 12/2025 | LUMI GRUPPEN | EDRUPT | NORWAY | Education | Lumi Gruppen acquired 100% of the shares in Edrupt Holding AS to accelerate its transition into an AI-based education technology provider. The transaction is structured with an upfront cash payment of NOK 71.7 million, with the remaining consideration based on earn-out and outperformance targets for the 2025/2026 and 2026/2027 academic years. The acquisition was financed through existing bank facilities. The strategic rationale centers on integrating the target's scalable AI tools across the buyer's existing portfolio, diversifying revenue streams, and capturing growth in the digital exam preparation market |
| 10/2025 | CVC | INTERNATIONAL SCHOOLS PARTNERSHIP | UNITED KINGDOM | Education | CVC Strategic Opportunities has agreed to acquire a significant minority stake in International Schools Partnership (ISP), a leading global K-12 school platform. This transaction introduces CVC as a new strategic partner to support the company's next phase of growth. Following the investment, Partners Group, which founded ISP in 2013, will remain the majority shareholder. OMERS, which acquired its own minority stake in 2021, and the senior management team will also continue as shareholders. The rationale for the transaction is to leverage the combined expertise and capital of the new shareholder group to accelerate ISP's successful expansion strategy |
| 09/2025 | DUKES EDUCATION | THAMES BRITISH SCHOOL | POLAND | Education | Dukes Education, a leading independent education provider, has acquired Thames British School, marking a significant expansion of its European footprint into Poland. This strategic move aligns with Dukes' mission to grow its family of schools across the continent, which already includes institutions in the UK, Spain, Portugal, Switzerland, and several other countries. The transaction is presented as a partnership that will unlock substantial benefits for the Thames British School community. For the target school, joining the Dukes Education group provides access to a global network of resources, including a large pool of high-caliber educators, opportunities for international student and teacher exchange programs, and a collaborative platform for sharing educational best practices |
| 05/2025 | PEUGEOT INVEST | NOVETUDE SANTE | FRANCE | Education | Peugeot Invest and Hayfim acquires a majority stake in Novetude Sante from Latour Capital. This secondary LBO values the education group at nearly EUR750 million. Under Charterhouse's ownership, the group significantly expanded through buy-and-build strategies. With this operation Novetude aims to accelerate its European expansion (targeting countries like Spain and Italy) and diversify its training offerings in the booming healthcare education market. |
| 05/2025 | AMUNDI PRIVATE EQUITY / ARKEA CAPITAL / BNP PARIBAS DEVELOPPEMENT | EDUSERVICES | FRANCE | Education | Eduservices completed its fifth LBO, bringing in a new pool of minority financial investors led by Amundi PEF, alongside Arkea Capital and BNP Paribas Developpement. The founder and his family retain a strong majority stake (~75%), while the new investors acquire approximately 20%. The group aims to consolidate the market despite regulatory changes in apprenticeship funding. |
| 12/2024 | ANDERA PARTNERS | GROUPE IEF2I | FRANCE | Education | IEF2I Education has completed a new buy-out led by its founder in partnership with Andera Acto. The transaction was structured as a sponsorless deal, allowing the founder to significantly strengthen her majority control. This strategic shift follows a period of political uncertainty in France regarding apprenticeship subsidies, leading the group to favor a flexible equity solution over a full trade sale. Historical minority shareholders MBO+ and Naxicap Partners have partially exited but reinvested to maintain a minority stake |
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| 10/2024 | NEUBERGER BERMAN PRIVATE MARKETS / EQT PARTNERS / CPPIB (CANADA PENSION PLAN INVESTMENT BOARD) | NORD ANGLIA EDUCATION | UNITED KINGDOM | Education | A consortium led by Neuberger Berman Private Markets, alongside existing shareholders EQT and CPP Investments, signed a definitive agreement to acquire Nord Anglia Education. The transaction values the company at an enterprise value of $14.5 billion, making it one of the largest deals in the history of the private education sector. The strategic rationale is to strengthen the company's mission of delivering world-class education while accelerating research into new teaching practices and curricula innovation |
| 10/2024 | WENDEL | GLOBEDUCATE | SPAIN | Education | Wendel completed the acquisition of approximately 50% of Globeducate from Providence Equity Partners with an investment of EUR625 million in equity. The transaction marks a shift from a majority ownership by Providence to a 50/50 partnership between the two investment firms. The strategic rationale is to support the group's continued double-digit annual revenue growth through organic expansion, new school developments, and a robust pipeline of international acquisitions. This partnership combines Wendel's long-term capital with Providence's deep sector expertise to further professionalize and scale the group globally |
REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 50M - 100M EUR
EBITDA range: 5M - 25M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: educare
Acquirer: swiss life asset managers