EUREKA EDUCATION acquired by ABENEX
Context
Abenex acquired a majority stake in Groupe Silvya Terrade (now Eureka Education) from Apax Partners Development. This transaction marks the exit of Apax after a short but intense holding period starting in 2016. The management team reinvested in the operation to pursue growth. The strategy under Apax involved massive consolidation (acquisition of ~30 schools) and digitalization. The roadmap with Abenex aims to expand this build-up strategy internationally and further develop higher education curricula.
EUREKA EDUCATION, which reported an EBITDA margin of in 2018, 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 (11.2x).
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Target
Eureka Education is a major player in private vocational and higher education. Historically built around the "Sylvia Terrade" brand (Hairdressing & Esthetics), the group diversified under Abenex's ownership by acquiring Euridis Business School (Sales/Commerce) and Sup Tertiaire (Real Estate/Social Housing). It welcomes nearly 10,000 students annually across more than 50 campuses in France and Switzerland.
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Historical Financials (EUR)
Other operations with EUREKA EDUCATION
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 10/2020 | NAXICAP PARTNERS | EUREKA EDUCATION | FRANCE | Education Providers |
REFERENCES
Valuation range: EV 50M - 150M EUR
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.
Press release: view release
Acquirer: abenex