M&A

STUDY GROUP

Name: mynth M&A Transaction Multiples Database
Creator: mynth
License: https://mynthcapital.com/privacy

Acquired by

ARDIAN

UNITED KINGDOM Education REV [100m GBP - 500m GBP] 02/2019

STUDY GROUP acquired by ARDIAN

UNITED KINGDOM Education REV [100m GBP - 500m GBP] 02/2019

Target

STUDY GROUP

Acquirer

ARDIAN

Context

Ardian acquired a majority stake in Study Group from Providence Equity Partners using capital from its EUR4.5bn LBO Fund VI. The investment rationale is based on the strength of the company's long-term university network and the increasing demand for global student mobility. Ardian intends to support management in an aggressive build-up strategy to expand Study Group's global footprint and service offering.

This transaction is part of the Retail & Consumer industry, which currently tracks an average EBITDA multiple of 10.9x since the beginning of 2026, 11.3% decrease compared to 2025. 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

Established in 1990, Study Group is a leading global provider of international education. It prepares international students for entry into English-speaking universities across the UK, Europe, Australia, New Zealand, and North America, focusing on academic, language, and learning skills through long-term university partnerships.

Ent. Value

Equity Value

Multiples Analysis

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2019

2018

Other operations with STUDY GROUP

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