mynth
← DATABASE
01/2020

TALIS EDUCATION GROUP acquired by AZULIS CAPITAL

FRANCE Education / Education Providers EV 20M - 50M EUR

Context

Azulis Capital, accompanied by regional investor Aquiti Gestion, replaced Naxicap Partners in the capital of Talis Business School via a secondary Owner Buy-Out (OBO). Naxicap exited after a ten-year holding period. The founder, Serge Marcillaud, retains the majority stake and his position as President. The operation also allowed key managers, including the new CEO Yves Hinnekint (formerly at Opcalia), to enter or strengthen their position in the capital. The transaction structure includes both equity and senior debt. The strategy aims to capitalize on the favorable regulatory framework for apprenticeships (Law for the Freedom to Choose One's Professional Future) to reach EUR25 million in revenue within four years.

TALIS EDUCATION GROUP, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with 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.

-> Deep-dive in Retail & Consumer market trends

Target

Talis Business School is a network of private post-secondary schools specializing in professional training. The group operates campuses in New Aquitaine and Paris, offering courses in commerce, management, marketing, and human resources. Its model is heavily focused on work-study programs ("alternance"), which account for 85% of its students.

Ent. Value

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2018
LOGIN
LOGIN
LOGIN
2017
LOGIN
LOGIN
LOGIN

Other operations with TALIS EDUCATION GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
05/2021GROUPE IDI / RAISETALIS EDUCATION GROUPFRANCEEducation

Idi and Raise Impact signed an agreement to acquire a majority stake in Talis Education Group. They injected a combined equity ticket of approximately EUR50 million. This transaction allowed the exit of minority shareholders Azulis Capital and Aquiti Gestion after a holding period of less than 18 months. The founder sold a significant portion of his shares but retained a minority stake, while the management team increased its ownership ("relution"). The deal is supported by senior debt with specific capex lines to fund external growth. The strategic goal is to double the group's size by leveraging the favorable regulatory environment for apprenticeships in France.

REFERENCES

Valuation range: EV 20M - 50M EUR

Revenue 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 TALIS EDUCATION GROUP by AZULIS CAPITAL 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).

Target: talis education group

Acquirer: azulis capital