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TALIS EDUCATION GROUP

Acquired by

AZULIS CAPITAL

FRANCE Education EV [1m EUR - 100m EUR] 01/2020

Target

TALIS EDUCATION GROUP

Acquirer

AZULIS CAPITAL

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.

The transaction values TALIS EDUCATION GROUP at an EV/Revenue multiple of LOGIN.

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

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

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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)

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EBITDA
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2018
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2017
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Other operations with TALIS EDUCATION GROUP

DateAcquirerTargetCountrySectorDeal Context
05/2021GROUPE IDI / RAISETALIS EDUCATION GROUPFRANCEEducation Providers

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.

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.