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10/2020

EUREKA EDUCATION acquired by NAXICAP PARTNERS

FRANCE Education / Education Providers EV 100M - 350M EUR

Context

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.

It is worth noting that the fund Abenex took control of Eureka Education through an LBO in 2018.

EUREKA EDUCATION, which reported an EBITDA margin of in 2020, 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).

-> Deep-dive in Retail & Consumer market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2020
2019

Other operations with EUREKA EDUCATION

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
04/2018ABENEXEUREKA EDUCATIONFRANCEEducation Providers

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 50M - 100M 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 EUREKA EDUCATION by NAXICAP PARTNERS 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.

Press release: view release

Acquirer: naxicap partners