M&A Deal Summary

Ardian Acquires AD Education

On December 18, 2020, private equity firm Ardian acquired education company AD Education from Cathay Capital Private Equity

Acquisition Highlights
  • This is Ardian’s 5th transaction in the Education sector.
  • This is Ardian’s 178th transaction in France.

M&A Deal Summary

Date 2020-12-18
Target AD Education
Sector Education
Buyer(s) Ardian
Sellers(s) Cathay Capital Private Equity
Deal Type Secondary Buyout
Advisor(s) Lazard
Alvarez & Marsal (Financial)
Gowling WLG
Arsene Taxand (Legal)

Target

AD Education

Paris, France
AD Education is a higher education platform that offers higher education courses in fields with a high level of specialization in luxury, design, animation, video games, heritage, gemology, perfume, communication, and digital. AD Education was founded in 2009 and is based in Paris, France.

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Buyer(S) 1

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 392 of 465
Sector: Education M&A 5 of 6
Type: Secondary Buyout M&A Deals 123 of 155
Country: France M&A 178 of 207
Year: 2020 M&A 24 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 La Centrale

Paris, France

La Centrale engages in auto, motorcycle, and boat content in the field of classified advertising and editorial. Groupe The company comprises four brands through which it covers the entire lifecycle of a vehicle: La Centrale, Promoneuve, Caradisiac, and MaVoitureCash. La Centrale Group was founded in 1969 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-24 PRGX Global

Atlanta, Georgia, United States

PRGX Global is a provider of recovery audit services. PRGX helps companies reach wider, dig deeper, and act faster to get more value out of their source-to-pay data. PRGX Global was founded in 1990 and is based in Atlanta, Georgia.

Buy $195M

Seller(S) 1

SELLER

Cathay Capital Private Equity

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cathay Capital Private Equity SAS is a French Chinese private equity firm focused on acquiring businesses in France, Hong Kong, and China. Cathay looks to help Western companies leverage opportunities in China and help Chinese companies leverage Western best practices and partnerships. The Firm looks to invest in businesses generating €5 to €150 million in revenues. Areas of interest include retail, consumer goods, electrical equipment, medical devices, pharmaceuticals, animal healthcare, translation, food, consumer services, and software. Cathay Capital Private Equity SAS was formed in 2007 and is based in Paris. The firm has additional offices in New York and Shanghai.


DEAL STATS #
Overall 15 of 31
Sector: Education M&A 1 of 2
Type: Secondary Buyout M&A Deals 7 of 15
Country: France M&A 10 of 21
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-23 EasyVista

New York, New York, United States

EasyVista is a service management platform that automates and personalizes service delivery for employees and other end users without a single line of code. The only solution on the market that is purpose-built as a mobile-first experience, EasyVista helps 1,000+ enterprises around the world radically improve the service experience, dramatically simplify and accelerate service creation and management and reduce and control the total cost of service delivery. EasyVista was formed in 1988 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Juliette has a Gun

Paris, France

Juliette has a Gun is an independent niche perfume brand, with gun products, among which its iconic Fragrance NOT A PERFUME, are distributed in 42 countries, through a network of more than 2.000 retailers and beauty-chains worldwide. Juliette has a Gun was founded in 2006 and is based in Paris, France.

Buy -