Wendel, a prominent European investment firm, announced its partnership with Providence Equity Partners to invest in Globeducate, a leading international K-12 education group. This strategic alliance will see both Wendel and Providence each owning approximately 50% of Globeducate, with Wendel committing €625 million to the venture. The enterprise value of Globeducate is estimated to be around €2 billion. Founded in Spain in 1972, Globeducate operates a network of 65 premium bilingual and international schools across 11 countries, primarily in Europe, and employs over 6,000 staff members. The firm has shown substantial growth under Providence’s ownership, expanding from 21 to 65 schools and seeing significant revenue and EBITDA growth. Wendel’s involvement marks a continuation of its strategy to diversify its investment portfolio, specifically within the education sector. The transaction is expected to conclude in the second half of 2024, subject to regulatory approvals.

Private Equity, Education, Investment Management,Spain, Europe, North America

https://www.globenewswire.com/news-release/2024/07/01/2906381/0/en/Wendel-joins-Providence-to-support-Globeducate-a-leading-international-K-12-education-group-through-its-next-phase-of-growth.html