ILERNA ONLINE acquired by SKILL & YOU
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 [members only] in 2019, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Retail & Consumer sector (11.9x).
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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
€5–25M
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
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|---|---|---|---|---|
| 02/2021 | IK PARTNERS | SKILL & YOU | FRANCE | EdTech & Content |
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REFERENCES
Revenue range: €5–25M
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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.
Acquirer: skill & you