At what enterprise value was EMLYON acquired in 2019?

During the acquisition of EMLYON by QUALIUM / BPIFRANCE in 2019, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR.

What was the EV/EBITDA of EMLYON when it was acquired by QUALIUM / BPIFRANCE?

The estimated EV/EBITDA multiple for EMLYON is in the range of 15x - 25x.

When was EMLYON acquired by QUALIUM / BPIFRANCE?

EMLYON was acquired by QUALIUM / BPIFRANCE in 2019.

What was the revenue of EMLYON at the time of the deal?

The revenue of EMLYON at the time of the deal is estimated to be in the range of 100M - 200M EUR.

What was the EBITDA of EMLYON during the acquisition?

EMLYON's EBITDA is estimated to be in the range of 5M - 25M EUR.

How is the data for the EMLYON acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the EMLYON deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cfnews.net/L-actualite/Capital-developpement/Operations/Augmentation-de-capital/Emlyon-business-school-s-ouvre-a-un-fonds-301473

What is the average EV/EBITDA multiple for the Retail & Consumer sector in 2026?

The average EV/EBITDA multiple for the Retail & Consumer sector in 2026 is 11.2x.

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Home Database Retail & ConsumerEMLYON

06/2019

EMLYON acquired by QUALIUM & BPIFRANCE

FRANCE Education / Education Providers EV 300M - 700M EUR

Context

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.

EMLYON, which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (11.2x).

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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.

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Other operations with EMLYON

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
09/2022	GALILEO GLOBAL EDUCATION	EMLYON	FRANCE	Education Providers

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 5M - 25M 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 QUALIUM / BPIFRANCE 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: emlyon

Acquirer: bpifrance / qualium