Investment Summary

Platina Partners and Kartesia Exits Ermitage

On December 1, 2023, private equity firm Quilvest Capital Partners invested in education company Ermitage from Platina Partners and Kartesia

Investment Highlights
  • This is Quilvest Capital Partners’ 4th transaction in the Education sector.
  • This is Quilvest Capital Partners’ 29th transaction in France.

Investment Summary

Date 2023-12-01
Target Ermitage
Sector Education
Investor(s) Quilvest Capital Partners
Sellers(s) Platina Partners
Kartesia
Deal Type Secondary Buyout

Target

Ermitage

Maisons-Laffitte, France
Ermitage is a bilingual school located 20km west of Paris. Its students represent over 70 nationalities. Ermitage was founded in 1941 and is based in Maisons-Laffitte, France.

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Investor(S) 1

Investor

Quilvest Capital Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.


DEAL STATS #
Overall 104 of 105
Sector: Education M&A 4 of 4
Type: Secondary Buyout M&A Deals 17 of 17
Country: France M&A 29 of 29
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-19 RCA

Saint-Herblain, France

RCA is a software editor dedicated to chartered accountants with two product lines BtoB advisory software suite and “MEG”, a full SaaS BtoBtoB collaborative platform. RCA was founded in 1999 and is based in Saint-Herblain, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-06 Acuiti Labs

London, United Kingdom

Acuiti Labs is a specialist of SAP consulting firm that assists large, blue-chip businesses globally with the implementation of SAP Billing and Revenue Innovation Management (“BRIM”) software. Acuiti Labs was founded in 2015 and is based in London, United Kingdom.

Buy -

Seller(S) 2

SELLER

Platina Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Platina Partners LLP is a private investment firm focused on traditional buyouts as well as investments in renewable energy projects. Platina's buyout group targets UK and France-based business-to-business service companies as well as industrial businesses. Platina will commit between €10 and €30 million of equity for controlling stakes in companies with an enterprise value of up to €50 million. Platina's renewable energy group focuses on opportunities across Europe at all stages of development. The renewable energy group typically commits between €5 and €3 million at the development stage and up to €50 million of equity in the construction and operational stages of projects based on proven technologies dealing with wind, solar, and biomass. Platina Partners was formed in 2002 and is based in London with additional offices in Paris, Milan and Luxembourg.


DEAL STATS #
Overall 10 of 10
Sector: Education M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 5
Country: France M&A 6 of 6
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 Bitwala

Berlin, Germany

Bitwala is a blockchain banking service. Bitwala manage your digital assets instantly, securely, freely with the most convenient self-custodial wallet and easily manage Bitcoin and ethereum in one single app. Bitwala was founded in 2013 and is based in Berlin, Germany.

Sell -
SELLER

Kartesia

Investor Investor Investor Investor Investor


Category Lender
Founded 2013
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Kartesia is a private investment group and lender that looks to invest in lower middle-market companies throughout the European Union and Central Europe. The Firm is industry agnostic and seeks to commit €10 to €100 million in profitable companies with at least €5 million of EBITDA. Proceeds are typically invested alongside sponsors to support buyouts, recapitalizations, shareholder liquidity needs, or restructurings. Kartesia was established in 2013 and is headquartered in London.


DEAL STATS #
Overall 7 of 9
Sector: Education M&A 2 of 2
Type: Secondary Buyout M&A Deals 4 of 5
Country: France M&A 1 of 1
Year: 2023 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-21 Stelogy

Paris, France

Stelogy is a global operator of telecommunications and network infrastructure services for companies and administrations. Stelogy was founded in 2003 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-25 Kerv

London, United Kingdom

Kerv is a cloud and digital services provider. Kerv provides a suite of integrated cloud and digital transformation services to mid-market, enterprise and public sector organisations. The business partners with global technology leaders and tailors its solutions for customers in key industry verticals, including financial services, public sector, retail and the not-for-profit sector. Kerv was formed in 2020 and is based in London, United Kingdom.

Sell -