GALILEO GLOBAL EDUCATION
Acquired by
TETHYS INVEST / CPPIB (CANADA PENSION PLAN INVESTMENT BOARD) / MONTAGU PRIVATE EQUITY
GALILEO GLOBAL EDUCATION acquired by TETHYS INVEST / CPPIB (CANADA PENSION PLAN INVESTMENT BOARD) / MONTAGU PRIVATE EQUITY
Target
GALILEO GLOBAL EDUCATION
Acquirer
TETHYS INVEST / CPPIB (CANADA PENSION PLAN INVESTMENT BOARD) / MONTAGU PRIVATE EQUITY
Context
Tethys Invest and CPPIB acquired joint control of Galileo Global Education from the US fund Providence Equity. Tethys, already a minority shareholder, increased its stake from 25% to approximately 37%, reaching parity with new entrant CPPIB (~37%). Montagu Private Equity joined the consortium with a ~17% stake, while Bpifrance retained a minority position (<10%). The transaction followed a competitive process involving major global PE firms (KKR, BlackRock) but was ultimately awarded to this consortium of long-term investors, aligning with management's vision for sustainable growth.
GALILEO GLOBAL EDUCATION, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 10.9x average currently observed in the Retail & Consumer sector.
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Target
Galileo Global Education is a world leader in private higher education. It operates a network of 42 schools (including Paris School of Business, Cours Florent, Strate, Atelier de Sèvres) across 15 countries. The group serves 100,000 students, offering courses ranging from Digital and Design to Art and Management.
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)
Other operations with GALILEO GLOBAL EDUCATION
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 09/2022 | GALILEO GLOBAL EDUCATION | EMLYON | FRANCE | Education Providers | Galileo Global Education, alongside Bpifrance and BioMerieux, acquired a 46.5% stake in EMLyon, facilitating the exit of the previous private equity investor, Qualium Investissement. The Lyon Chamber of Commerce (CCI) remains the majority shareholder with 51%. The transaction included a EUR50 million capital increase, bringing the school's total investment capacity to over EUR100 million. The strategic rationale focuses on the "Confluences 2025" plan, emphasizing international recruitment through Galileo's global network, cross-disciplinary "hybridization" with design and engineering schools, and digital transformation. Under the new governance, Guillaume Pepy (former CEO of SNCF) was appointed Chairman of the Supervisory Board, while Isabelle Huault continues as Executive President. |
| 04/2018 | TETHYS INVEST | GALILEO GLOBAL EDUCATION | FRANCE | Education Providers | Tethys Invest acquired a minority stake of approximately 20% in Galileo Global Education. The shares were sold by the majority owner, Providence Equity Partners, who retains control of the group alongside existing minority investors CDC International Capital and Mubadala. The transaction was executed without a mandated investment bank. This move aligns with Galileo's strategy to diversify its shareholder base with long-term partners capable of supporting international expansion, particularly in Africa and in the EdTech/Health sectors. |
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