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M&A

EUREKA EDUCATION

Acquired by

ABENEX

FRANCE Education EV [1m EUR - 100m EUR] 04/2018

Target

EUREKA EDUCATION

Acquirer

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.

The transaction values EUREKA EDUCATION at an EV/Revenue multiple of LOGIN.

This transaction is part of the Retail & Consumer industry, which currently tracks an average EBITDA multiple of 10.9x since the beginning of 2026, 11.3% decrease compared to 2025. 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

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.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
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EBITDA
EBIT
2018
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2017
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Other operations with EUREKA EDUCATION

DateAcquirerTargetCountrySectorDeal Context
10/2020NAXICAP PARTNERSEUREKA EDUCATIONFRANCEEducation Providers

Naxicap Partners acquired a majority stake in Eureka Education from Abenex via a preemptive offer. Abenex achieved a rapid exit after a holding period of only two years. The transaction involved a management reorganization: two of the historical co-founders significantly divested. The financing was secured through a unitranche debt facility provided by Barings. The strategy aims to continue the market consolidation (following 20 acquisitions under previous ownership) and accelerate digital transformation.

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.