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← DATABASE
07/2021

GROUPE IEF2I

Acquired by

MBO+ & ALLIANCE ENTREPRENDRE

FRANCE Education / Education Providers REV 5M - 25M EUR

Context

IEF2I Education has completed its third Owner Buy-Out (OBO), with MBO & Co entering as the new lead minority investor. The transaction involved a 30 million euro equity injection from the lead sponsor and Alliance Entreprendre, the latter choosing to reinvest in the new cycle. The deal allowed the previous investor, Galia Gestion, to exit its position entirely. The recapitalization was supported by a senior debt package of approximately 20 million euros, representing a leverage ratio slightly exceeding three times EBITDA. The strategic rationale for the deal is to double the group's size over the next business plan cycle. This growth will be driven by the diversification of the educational catalog and the opening or acquisition of new campuses in major French cities outside the Paris region. The founder and CEO, Chantal Berdaa, retains majority control of the group following the transaction.

GROUPE IEF2I, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (11.3x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Founded in 1998, IEF2I Education is a leading French vocational training network based in the Île-de-France region. The group operates six campuses through three specialized entities: Institut F2I, Digital School of Paris, and Cogefi. Its business model focuses on delivering professional degree programs ranging from Bachelor's to Master's levels (Bac to Bac+5) in high-demand fields such as digital technology, IT, and business management. Training approximately 4,000 students annually, the group relies heavily on an apprenticeship-led model, providing a bridge between academic learning and corporate workforce needs. Its value proposition is centered on career-oriented education with a strong track record in student employability within the Paris metropolitan area's tech and business ecosystems.

Ent. Value

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Equity Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2021
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2020
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Other operations with GROUPE IEF2I

DateAcquirerTargetCountrySectorDeal Context
GROUPE IEF2IFRANCEEducation

IEF2I Education has completed a new buy-out led by its founder in partnership with Andera Acto. The transaction was structured as a sponsorless deal, allowing the founder to significantly strengthen her majority control. This strategic shift follows a period of political uncertainty in France regarding apprenticeship subsidies, leading the group to favor a flexible equity solution over a full trade sale. Historical minority shareholders MBO+ and Naxicap Partners have partially exited but reinvested to maintain a minority stake. The financing package, totaling approximately 20 million euros, is predominantly composed of non-dilutive mezzanine instruments with a smaller equity component. The deal is further supported by a senior bank debt arranged by Caisse d’Épargne, with a leverage ratio maintained below three times EBITDA. The new capital will be used to fuel the group’s buy-and-build strategy to expand its range of educational programs and geographic footprint.

REFERENCES

Revenue range: 5M - 25M 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 GROUPE IEF2I by MBO+ / ALLIANCE ENTREPRENDRE are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: mbo+ / alliance entreprendre