Berlin-based private equity firm Odewald KMU has kicked off an auction process for its German vocational training provider Education Partners, according to 9fin sources.
Harris Williams is advising on the sale, said the sources. Education Partners has an EBITDA of around €17m, added one of the sources.
Odewald invested in the company in 2021, according to the sponsor’s website.
Education Partners develops, organises, and provides courses, seminars, and training. They are taught online, face-to-face, or within the framework of distance learning courses. The company has two core brands: ‘Akademie für Kindergarten, Kita und Hort’ and ‘Fernakademie für Pädagogik und Sozialberufe’ with a focus on educators and pedagogical professionals.
The firm also runs academies in the fields of sports and health management, secretarial work, and marketing, per Odewald’s website.
Also in the education sector, sponsors TPG and Investcorp are looking to refinance their UK-based special educational needs provider Outcomes First Group, 9fin reported last week.
UK accountancy software firm Iris Software is in the process of carving out its education business Iris Education, which has around £100m in revenue. Rothschild is running a process to raise junior capital for higher education provider BPP in the UK. And
