M&A Deal Summary

Montagu, Bpifrance Investissement and CPP Investments Acquire Galileo Global Education

On March 6, 2020, private equity firm Montagu, Bpifrance Investissement and pension CPP Investments acquired education company Galileo Global Education from Providence Equity Partners

Acquisition Highlights
  • This is Montagu’s 2nd, Bpifrance Investissement’s 2nd and CPP Investments’ 3rd transaction in the Education sector.
  • This is Montagu’s 16th, Bpifrance Investissement’s 55th and CPP Investments’ 1st transaction in France.

M&A Deal Summary

Date 2020-03-06
Target Galileo Global Education
Sector Education
Buyer(s) Montagu
Bpifrance Investissement
CPP Investments
Sellers(s) Providence Equity Partners
Deal Type Secondary Buyout

Target

Galileo Global Education

Paris, France
Galileo Global Education is an international provider of higher education and Europe's largest higher education group. The company brings together 42 benchmark schools on 80 campuses in 13 countries around the world, united around unique know-how: to enable its 110,000 students to be connected to the entire world, and to decompartmentalize the teaching of the major disciplines of management, arts, and creation, marketing and technology in order to foster innovation in every field. Galileo Global Education was founded in 2007 and is based in Paris, France.

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Buyer(S) 3

Buyer

Montagu

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Montagu is an independent private equity firm focused on European management buyouts and growth capital transactions. The Firm seeks opportunities valued between €100 million and €1 billion. Sectors of interest include healthcare, medical products, financial services, software, IT, information services, and education. Montagu dates back to 1968 and is based in London.


DEAL STATS #
Overall 101 of 115
Sector (Education) 2 of 2
Type (Secondary Buyout) 21 of 29
Country (France) 16 of 21
Year (2020) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 RTI Surgical Holdings - OEM business

Alachua, Florida, United States

RTI Surgical Holding's OEM business is a surgical implants company providing blue-chip OEM customers with a portfolio of biologic, synthetic and metal implants. Its implants are used in spine, trauma, reconstructive and general surgery as well as sports medicine and other surgical procedures. RTI Surgical Holding's OEM business is based in Alachua, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-16 ISI Markets

London, United Kingdom

ISI Markets is a provider of data, analysis, and research for the world's fastest-growing and highest potential countries. It aggregates unstructured, hard-to-obtain information from local and international sources, and validates and curates it into standardized, methodologically consistent, and editable content. The products are trusted tools used by a large and diversified customer base made up of blue-chip financial institutions, multinationals, consultants, and researchers worldwide and are available in over 15 languages. ISI operates a subscription model, providing customers with business-critical emerging markets research, leveraging real-time macroeconomic, business, and industry intelligence across multiple use cases. ISI Markets was formed in 1992 and is based in London, United Kingdom.

Buy -
DESCRIPTION


DEAL STATS #
Overall 55 of 94
Sector (Education) 2 of 3
Type (Secondary Buyout) 14 of 25
Country (France) 55 of 93
Year (2020) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-30 Murie Galopin

Six-Fours-les-Plages, France

Murie Galopin ensures the transport of goods of all classes of danger in all forms: explosive, pyrotechnic, sensitive products placed or not under the seal of confidential defense, for civil or military use, in solid or liquid form. Murie Galopin was founded in 1991 and is based in Six-Fours-les-Plages, France

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-25 Groupe Axium S.A.

Andrézieux -Bouthéon, France

Groupe Axium S.A. is a PET (recyclable) & R-PET (recycled) plastic packaging solutions specialist. Axium mainly designs and manufactures plastic packaging solutions for the food, healthcare, and beauty sectors. Axium's products are divided between flasks, plugs, and boxes. Most of the materials used in the process (PEP and PP plastics) are 100% recyclable and recycled. Axium was formed in 1968 and is based in Andrézieux -Bouthéon, France.

Buy -
Buyer
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.


DEAL STATS #
Overall 33 of 51
Sector (Education) 3 of 4
Type (Secondary Buyout) 7 of 11
Country (France) 1 of 2
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 Impulsora del Desarrollo y el Empleo en América Latina

Mexico City, Mexico

Impulsora del Desarrollo y el Empleo en América Latina is an independent publicly-traded company that engages in the development, promotion, operation, and administration of infrastructure projects in Mexico and Latin America. IDEAL is one of the largest infrastructure companies in Latin America, with 18 infrastructure concessions in different sectors, including toll roads, water, energy, social infrastructure, and logistics terminals. Impulsora del Desarrollo y el Empleo en América Latina was founded in 2005 and is based in Mexico City, Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-07 Neiman Marcus

Dallas, Texas, United States

Neiman Marcus is a specialty retailer with online and offline operations. The Company's retail stores segment consists primarily of Neiman Marcus, Bergdorf Goodman and Last Call stores. The Online segment conducts both catalog and online operations under the Neiman Marcus, Bergdorf Goodman and Horchow brand names. Neiman Marcus was originally established in 1907 and is headquartered Dallas, Texas.

Sell -

Seller(S) 1

SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 80 of 100
Sector (Education) 7 of 7
Type (Secondary Buyout) 22 of 31
Country (France) 1 of 1
Year (2020) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-25 Univision

New York, New York, United States

Univision entertains, informs, and empowers U.S. Hispanics with news, sports, and entertainment content across broadcast and cable television, audio, and digital platforms. The company’s top-rated media portfolio includes the Univision and UniMás broadcast networks, as well as cable networks Galavisión and TUDN, the No. 1 Spanish-language sports network in the country. Locally, Univision owns or operates 65 television stations in major U.S. Hispanic markets and Puerto Rico. Additionally, Uforia, the Home of Latin Music, encompasses 58 owned or operated radio stations, plus 89 affiliates, a live event series, and a robust digital audio footprint. Univision was formed in 1992 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-16 Outfront

New York, New York, United States

Outfront is a provider of out-of-home media companies in the Americas and has a major presence in top markets throughout the United States, Canada, Mexico and South America. Outfront was founded in 1993 and is based in New York City.

Buy -