STUDY GROUP acquired by 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.
STUDY GROUP, 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
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.
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REFERENCES
Revenue range: 250M - 500M GBP
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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.
Press release: view release
Acquirer: ardian