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← DATABASE
04/2018

EUREKA EDUCATION acquired by ABENEX

FRANCE Education / Education Providers EV 50M - 150M EUR

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 LOGIN in 2018, 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.

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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

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2018
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2017
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Other operations with EUREKA EDUCATION

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
10/2020NAXICAP PARTNERSEUREKA EDUCATIONFRANCEEducation

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.

REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EUREKA EDUCATION by ABENEX 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).

Press release: view release

Acquirer: abenex