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03/2016

GLION INSTITUTE / LES ROCHES acquired by EURAZEO

SWITZERLAND Education / Education Providers EV 300M - 700M CHF

Context

Eurazeo signed an agreement to acquire 100% of the capital of Glion Institute of Higher Education and Les Roches International School of Hotel Management from the US group Laureate Education. Eurazeo acts as the sole investor, providing the full equity requirement. The transaction is a corporate carve-out of two premium assets from Laureate's portfolio. The strategic plan focuses on maintaining the academic autonomy of the schools while accelerating their international development (particularly the recently opened campuses in London and the US) and digital programs. The deal is subject to customary closing conditions.

GLION INSTITUTE / LES ROCHES, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (10.6x).

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Target

Glion and Les Roches are two prestigious Swiss private schools specializing in hospitality and luxury management. Together, they enroll nearly 5,000 students (2,000 for Glion, 2,900 for Les Roches) across campuses in Switzerland, the UK, Spain, Jordan, China, and the US. They are consistently ranked among the top 3 hospitality schools worldwide and are accredited by the NEASC.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (CHF)

Year
Rev
EBITDA
EBIT
2015
2014

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REFERENCES

Valuation range: EV 300M - 700M CHF

Revenue range: 100M - 200M CHF

EBITDA range: 10M - 30M CHF

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GLION INSTITUTE / LES ROCHES by EURAZEO 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: eurazeo