M&A Deal Summary

IK Partners Acquires Skill & You

On February 4, 2021, private equity firm IK Partners acquired education company Skill & You from Andera Partners, 21 Invest, Access Capital Partners and Jolt Capital SAS

Acquisition Highlights
  • This is IK Partners’ 4th transaction in the Education sector.
  • This is IK Partners’ 33rd transaction in France.

M&A Deal Summary
Date 2021-02-04
Target Skill & You
Sector Education
Buyer(s) IK Partners
Sellers(s) Andera Partners
21 Invest
Access Capital Partners
Jolt Capital SAS
Deal Type Secondary Buyout

Target

Skill & You

Montrouge, France
Skill & You is a vocational e-learning provider with 120,000 students and 850 employees and has established itself as a market leader in France and Spain. The Group’s unrivaled portfolio of 220 courses largely lead to state diplomas and cover a wide range of professional fields (healthcare, childcare, animal health, IT & digital, accounting and administration, public service, and construction, among others). As a member of the EdTech France association, Skill & You also plays a major role in fostering the development of e-learning in France. Skill & You is based in Montrouge, France.

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Buyer(S) 1

Buyer

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.

DEAL STATS #
Overall 146 of 185
Sector (Education) 4 of 5
Type (Secondary Buyout) 52 of 73
Country (France) 33 of 46
Year (2021) 3 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 Third Bridge

London, United Kingdom

Third Bridge provides private equity firms, hedge funds, and strategy consultants with the information that they need to understand the value of their investment opportunities. Every month, company receive thousands of requests from clients, who trust to deliver on their most complex information needs. Third Bridge was founded in 2007 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Innovad

Essen, Belgium

Innovad is a provider of animal health and nutrition solutions, primarily targeting the pigs and poultry as well as the ruminants segment. Innovad was founded in 2010 and is based in Essen, Belgium.

Buy -

Seller(S) 4

SELLER

Andera Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 3.7B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Andera Partners is a private investment firm focused on several strategies. The Firm invests in life science opportunities through its BioDiscovery group. The Firm invests in Western European small to mid-sized companies (€30 to €300 million of revenue) through its Winch Capital group. Andera invests in small to mid-sized French companies (€10 to €100 million of revenue) through its Cabestan Capital team. Andera invests in €5 to €45 million of mezzanine capital to support small to mid-sized French companies. Andera Partners was established in 2001 and is headquartered in Paris.

DEAL STATS #
Overall 25 of 41
Sector (Education) 1 of 1
Type (Secondary Buyout) 9 of 15
Country (France) 19 of 30
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Pusterla

Varese, Italy

Pusterla is a provider of secondary packaging for luxury goods. The Company stands for boxes and cases in any shape, materials and with any degree of complexity, conceived and produced. Pusterla was founded in 1880 and is based in Varese, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Spengler

Aix-en-Provence, France

Spengler is a supplier of medical and surgical equipment, medical furniture, and medical clothing. The brand is recognized for its products that are both effective and clever for taking care of caregivers. Spengler is based in Aix-en-Provence, France.

Buy -
SELLER

21 Invest

Treviso, Italy

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

21 Invest is a private equity firm that targets investments in growth-oriented, middle-market Italian, French, and Polish companies operating in a variety of industries. The Firm invests in French businesses through 21 Centrale Partners, Italian companies through 21 Partners SGR, and Polish companies through 21 Concordia. The Firm targets transactions requiring at least €10 million of capital typically in the form of development capital for growth companies, buyout capital for managers, or replacement capital for companies facing succession issues or needing shareholder liquidity. 21 Invest was founded in 1992 and is based in Treviso, Italy.

DEAL STATS #
Overall 36 of 43
Sector (Education) 1 of 1
Type (Secondary Buyout) 21 of 25
Country (France) 18 of 21
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 Orisha

Paris, France

Orisha is a B2B software company focused on acquiring and growing highly-verticalized ERP and PoS software vendors. The Group addresses more than 30 vertical sectors, including health, insurance, retail, trading, real estate and tourism. Orisha provides a number of centralized/corporate resources, including financial, marketing and HR support, and promotes the implementation and sharing of best practices in product development, lead generation, sales execution and customer service. Orisha was formed in 2003 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Witor s

Corte de' Frati, Italy

Witor's is a producer of chocolate confectionery. Witor’s offers a portfolio of over 350 products, in which pralines and eggs, have been progressively integrated with Easter eggs, chocolate bars, snacks, biscuits, and spread creams. Witor's was founded in 1959 and is based in Corte de' Frati, Italy.

Buy -
SELLER

Access Capital Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1998
PE ASSETS 13.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Access Capital Partners is a mega-sized European investment firm that seeks to partner with fund managers spanning a variety of investment strategies. These include funds focused on small buyouts, private debt/mezzanine, infrastructure, and secondary investments. Access Capital primarily invests in funds, however the Firm does select co-investments directly as well. Co-investment opportunities are mostly generated from fund managers in which Access has invested and with whom the team has developed a long-standing relationship. Access Capital Partners was established in 1998 and is headquartered in Paris.

DEAL STATS #
Overall 2 of 3
Sector (Education) 1 of 1
Type (Secondary Buyout) 2 of 3
Country (France) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-11 CDS Groupe

Saint Cloud, France

CDS Groupe is a provider of booking solutions and services for the business hotel industry. CDS Groupe was founded in 2001 and is based in Saint Cloud, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-13 Aurora Infastructure

Espoo, Finland

Aurora Infastructure is an infrastructure platform investing in strategic electricity distribution networks. Aurora Infastructure was founded in 2013 and is based in Espoo, Finland.

Sell -
SELLER

Jolt Capital SAS

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Focused
DESCRIPTION

Jolt Capital SAS is an independent private equity firm focused on growth investments in technology companies with revenues between €10 and €100 million. The Firm looks to support companies as they look to pursue organic and outside growth initiatives. Specific ares of interest include software, mobility, cloud and Internet of Things (IoT). Jolt Capital was established in 2011 and is headquartered in Paris, France.

DEAL STATS #
Overall 1 of 1
Sector (Education) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (France) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-03 Vectaury

Paris, France

Vectaury is a provider of physical stores and brands with insights and a contextual awareness of their customers to better serve their needs with timely communications and nearby offers. Vectaury was founded in 2014 and is based in Paris, France.

Buy -
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