EMLYON acquired by GALILEO GLOBAL EDUCATION
Context
Galileo Global Education, alongside Bpifrance and BioMerieux, acquired a 46.5% stake in EMLyon, facilitating the exit of the previous private equity investor, Qualium Investissement. The Lyon Chamber of Commerce (CCI) remains the majority shareholder with 51%. The transaction included a EUR50 million capital increase, bringing the school's total investment capacity to over EUR100 million. The strategic rationale focuses on the "Confluences 2025" plan, emphasizing international recruitment through Galileo's global network, cross-disciplinary "hybridization" with design and engineering schools, and digital transformation. Under the new governance, Guillaume Pepy (former CEO of SNCF) was appointed Chairman of the Supervisory Board, while Isabelle Huault continues as Executive President.
Qualium / Bpifrance had previously taken control of the company during an LBO in 2019.
EMLYON, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (11.3x).
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.
-> Deep-dive in Retail & Consumer market trends
Target
Founded in 1872, emlyon is one of the top European business schools. Historically owned 100% by the Lyon Metropole CCI, the school transformed into a public limited company (SA) named "Early Makers Group." It operates campuses in Lyon, Saint-Etienne, Casablanca, Shanghai, Paris, and Bhubaneswar, serving over 7,260 students and 6,200 executive education participants.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Other operations with EMLYON
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 06/2019 | QUALIUM / BPIFRANCE | EMLYON | FRANCE | Education | Qualium Investissement and Bpifrance entered into exclusive negotiations to acquire a stake in emlyon business school from the Chamber of Commerce and Industry (CCI) of Lyon Metropole. The investors committed to a total capital injection of EUR100 million over five years, with an immediate tranche of EUR40 million. While initially minority shareholders, Qualium and Bpifrance are set to become majority owners as funds are deployed. The CCI retains a blocking minority stake for at least ten years and veto rights on major decisions to guarantee the school's excellence and local anchorage. The deal also opens 10% of the capital to employees and 5% to alumni. The proceeds will finance a new EUR110 million campus project and the school's digital and international expansion. |
REFERENCES
Revenue range: 100M - 200M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EMLYON by GALILEO GLOBAL EDUCATION are reserved for mynth community members. Register for free to unlock full data.
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: emlyon
Acquirer: galileo global education