When was ILERNA ONLINE acquired by SKILL & YOU?

ILERNA ONLINE was acquired by SKILL & YOU in 2019.

What was the revenue of ILERNA ONLINE at the time of the deal?

The revenue of ILERNA ONLINE at the time of the deal is estimated to be in the range of 5M - 25M EUR.

How is the data for the ILERNA ONLINE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ILERNA ONLINE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.anderapartners.com/fr/skill-you-devient-n1-europeen-de-la-formation-a-distance/

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Home Database Retail & ConsumerILERNA ONLINE

01/2019

ILERNA ONLINE acquired by SKILL & YOU

SPAIN Education / EdTech & Content REV 5M - 25M EUR

Context

Six months after its own LBO with Andera Partners, Skill & You acquired a 75% stake in Ilerna Online. The remaining 25% is retained by the management and the historical physical entity (Ilerna). The acquisition is financed through an extension of the existing unitranche facility provided by LGT European Capital. This build-up enables Skill & You to expand into Spain, Italy, and potentially Latin America, and to leverage Ilerna's regulatory ability to grant official diplomas online.

ILERNA ONLINE, which reported an EBITDA margin of in 2019, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Retail & Consumer sector (10.9x).

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Target

Ilerna Online is a Spanish specialist in distance vocational training. Unlike many French competitors at the time, it was authorized to issue official state diplomas for its online courses. The company generated EUR12 million in revenue.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2019

2018

Similar deals in Education

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
02/2019	ARDIAN	STUDY GROUP	UNITED KINGDOM	Education Providers
02/2019	PARQUEST CAPITAL / AMUNDI PRIVATE EQUITY	EDUSERVICES	FRANCE	Education Providers
07/2018	ANDERA PARTNERS	SKILL & YOU	FRANCE	EdTech & Content
05/2018	IK PARTNERS	DOMIA GROUP	FRANCE	Education
04/2018	TETHYS INVEST	GALILEO GLOBAL EDUCATION	FRANCE	Education Providers
04/2018	ABENEX	EUREKA EDUCATION	FRANCE	Education Providers
11/2017	QUILVEST CAPITAL PARTNERS	GROUPE EDH	FRANCE	Education Providers
09/2017	INVESTCORP	IMPERO	UNITED KINGDOM	EdTech & Content
10/2016	CATHAY CAPITAL / BPIFRANCE	AD EDUCATION	FRANCE	Education Providers
03/2016	EURAZEO	GLION INSTITUTE / LES ROCHES	SWITZERLAND	Education Providers

REFERENCES

Revenue 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 ILERNA ONLINE by SKILL & YOU 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.

Acquirer: skill & you