mynth
11/2025

EDUCARE acquired by SWISS LIFE ASSET MANAGERS

SPAIN Education / Education Providers EV €300–700M

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 [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of 15x–25x, representing a premium to the average currently observed in the Retail & Consumer sector (11.9x).

-> Deep-dive in Retail & Consumer market trends

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.

Ent. Value

€300–700M

Equity Value

[members only]

Multiples

EV / Revenue

4x–10x

EV / EBITDA

15x–25x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2021
€50–100M
€5–25M
[members only]
2020
€50–100M
€5–25M
[members only]

Similar deals in Education

Similar deals in Education

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
02/2026ECI PARTNERSPARAGIN GROUPNETHERLANDSEdTech & Content
12/2025LUMI GRUPPENEDRUPTNORWAYEdTech & Content
10/2025CVCINTERNATIONAL SCHOOLS PARTNERSHIPUNITED KINGDOMEducation Providers
09/2025DUKES EDUCATIONTHAMES BRITISH SCHOOLPOLANDEducation Providers
05/2025PEUGEOT INVESTNOVETUDE SANTEFRANCEEducation Providers
05/2025AMUNDI PRIVATE EQUITY / ARKEA CAPITAL / BNP PARIBAS DEVELOPPEMENTEDUSERVICESFRANCEEducation Providers
12/2024CHARTERHOUSEMETRODORASPAINEducation Providers
12/2024ANDERA PARTNERSGROUPE IEF2IFRANCEEducation Providers
10/2024NEUBERGER BERMAN PRIVATE MARKETS / EQT PARTNERS / CPPIB (CANADA PENSION PLAN INVESTMENT BOARD)NORD ANGLIA EDUCATIONUNITED KINGDOMEducation Providers
10/2024CINVENDOMIA GROUPFRANCEEducation

REFERENCES

Valuation range: EV €300–700M

Revenue range: €50–100M

EBITDA range: €5–25M

EV/Revenue range: 4x - 10x

EV/EBITDA range: 15x - 25x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EDUCARE by SWISS LIFE ASSET MANAGERS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: educare

Acquirer: swiss life asset managers