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02/2021

SKILL & YOU acquired by IK PARTNERS

FRANCE Education / EdTech & Content EV 300M - 700M EUR

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.

As a reminder, following its acquisition by Andera Partners in 2018, the company led an active consolidation strategy by acquiring Ilerna Online (2019).

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 to 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

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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Multiples

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EV / EBITDA

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Historical Financials (EUR)

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2020
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2019
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Other operations with SKILL & YOU

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
01/2019SKILL & YOUILERNA ONLINESPAINEducation

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.

07/2018ANDERA PARTNERSSKILL & YOUFRANCEEducation

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).

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 100M - 200M 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 SKILL & YOU by IK PARTNERS are reserved for mynth community members. Register for free to unlock full data.

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

Press release: view release

Target: skill & you

Acquirer: ik partners