GROUPE EDH acquired by IK PARTNERS
Context
Groupe EDH completed its third LBO (LBO Ter). The existing majority shareholder, Quilvest Private Equity, retained control while welcoming IK Investment Partners as a new minority shareholder. The management team also significantly reinvested. The transaction was highly competitive, attracting a dozen bidders. It is supported by a unitranche debt facility provided by historical lenders CIC Private Debt and Idinvest, with leverage around 5.0x EBITDA. The group aims to continue its aggressive external growth strategy (following the recent acquisitions of Brassart, Aries, and Cesine in Spain) to consolidate the fragmented market.
In the past, the company had already been the subject of several LBOs, notably led by Platina Equity Solutions in 2014 and Quilvest Capital Partners in 2017. These multiple LBO cycles illustrate the strong appeal for this type of asset.
GROUPE EDH, which reported an EBITDA margin of in 2019, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (10.9x).
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Target
Groupe EDH is a leading French private higher education group specializing in communication (EFAP), cultural management (ICART), journalism (EFJ), and design/digital creation (Brassart/Aries). Under the leadership of Amin Khiari, the group has aggregated multiple schools to form a platform with over 7,000 students across 13 campuses in France and 4 international sites (New York, Shanghai, Algiers, Santander).
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Other operations with GROUPE EDH
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2022 | FIVE ARROWS | GROUPE EDH | FRANCE | Education Providers |
| 11/2017 | QUILVEST CAPITAL PARTNERS | GROUPE EDH | FRANCE | Education Providers |
| 09/2014 | PLATINA EQUITY SOLUTIONS | GROUPE EDH | FRANCE | Education Providers |
REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 50M - 100M EUR
EBITDA range: 5M - 25M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: groupe edh
Acquirer: ik partners