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10/2024MajorityLBO

Wendel takes majority stake in Globeducate

SPAIN Education / Education Providers EV €1–10bn

Context

Wendel completed the acquisition of approximately 50% of Globeducate from Providence Equity Partners with an investment of EUR625 million in equity. The transaction marks a shift from a majority ownership by Providence to a 50/50 partnership between the two investment firms. The strategic rationale is to support the group's continued double-digit annual revenue growth through organic expansion, new school developments, and a robust pipeline of international acquisitions. This partnership combines Wendel's long-term capital with Providence's deep sector expertise to further professionalize and scale the group globally.

By taking control of Globeducate, Wendel continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Scalian in 2023.

Globeducate, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 15x–25x.

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Target

Founded in 1972 in Spain, Globeducate is one of the world's leading international K-12 education groups. It operates a network of 67 premium bilingual and international schools, along with online programs, across 11 countries (primarily in Europe). The group educates over 40,000 students and employs more than 6,000 people, including 4,000 highly qualified teachers. Its schools are known for high academic standards, with students frequently gaining admission to 50 of the world's top 100 universities. The group emphasizes a "global citizen" curriculum, combining innovative educational experiences with first-class pastoral care.

Ent. Value

€1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

15x–25x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
€250–500M
€100–200M
[members only]
2024
€250–500M
€100–200M
[members only]

Other operations with Wendel

Other operations with Wendel
DateAcquirerTargetCountrySector
07/2023WENDELSCALIANFRANCEConsulting & Integration
04/2021WENDELTARKETTFRANCEFlooring
01/2006WENDELMATERISLUXEMBOURGConstruction Materials

Similar deals in Education

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10/2024CINVENDOMIA GROUPFRANCEEducation
06/2024AD EDUCATIONPOLE LEONARD DE VINCIFRANCEEducation Providers
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REFERENCES

Valuation range: EV €1–10bn

Revenue range: €250–500M

EBITDA range: €100–200M

EV/Revenue range: 2x - 6x

EV/EBITDA range: 15x - 25x

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

Target: globeducate

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Globeducate, a Spanish company specialised in Education Providers, by Wendel in 2024, structured as a leveraged buyout (LBO).

How was the acquisition of Globeducate by Wendel valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €1–10bn band, its EV/EBITDA multiple within the 15x - 25x range, and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

What were Globeducate’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Globeducate generated annual revenue estimated in the €250–500M range and EBITDA in the €100–200M bracket (FY 2025). Detailed financial figures are available to members.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

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