SKILL & YOU
Acquired by
IK PARTNERS
SKILL & YOU acquired by IK PARTNERS
Target
SKILL & YOU
Acquirer
IK PARTNERS
Context
IK Investment Partners entered into an exclusive agreement to acquire a majority stake in Skill & You from Andera Partners. The management team is reinvesting in the transaction. This follows a period of rapid scaling under Andera's ownership (entry in 2018), characterized by 25% annual sales growth and successful international expansion into Spain. The new roadmap focuses on strengthening B2B and B2G (public sector) segments, digital platform upgrades, and further international growth.
SKILL & YOU, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 10.9x average currently observed in the Retail & Consumer sector.
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Target
Skill & You is a leading vocational e-learning provider in France and Spain. It offers 220 state-diploma courses across sectors like healthcare, childcare, animal health, IT, and construction. The group serves 120,000 students and employs 850 people. It successfully expanded into Spain via the acquisition of Ilerna Online in 2018.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with SKILL & YOU
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 01/2019 | SKILL & YOU | ILERNA ONLINE | SPAIN | EdTech & Content | 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. |
| 07/2018 | ANDERA PARTNERS | SKILL & YOU | FRANCE | EdTech & Content | Andera Partners acquired a majority stake in Skill & You from a pool of selling shareholders including 21 Invest, Access Capital Partners, Jolt Capital, Alma Learning Group, and Capital Transmission. The operation is structured as a Management Buy-Out (MBO) led by Eric Petco and Sonia Levy-Odier, who reinvest alongside the new sponsor. The acquisition is financed through equity from the Winch Capital 4 fund and a unitranche debt facility provided by LGT European Capital. The strategic plan focuses on European expansion and opening new schools (following recent launches like Ecole des Pros and Esecad). |
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