M&A Deal Summary

Providence Equity Partners and Wendel Group Acquire Globeducate

On February 22, 2017, private equity firms Providence Equity Partners and Wendel Group acquired education company Globeducate from Magnum Capital Industrial Partners

Acquisition Highlights
  • This is Providence Equity Partners’ 6th and Wendel Group’s 1st transaction in the Education sector.
  • This is Providence Equity Partners’ 3rd and Wendel Group’s 1st transaction in Spain.

M&A Deal Summary

Date 2017-02-22
Target Globeducate
Sector Education
Buyer(s) Providence Equity Partners
Wendel Group
Sellers(s) Magnum Capital Industrial Partners
Deal Type Secondary Buyout

Target

Globeducate

Madrid, Spain
Globeducate is a provider of technical training and certification programs, conferences, industry standards, reports, publications, technical journals, and government relations activities. Globeducate was founded in 1972 and is based in Madrid, Spain.

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Buyer(S) 2

Buyer

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 98 of 137
Sector: Education M&A 6 of 7
Type: Secondary Buyout M&A Deals 19 of 40
Country: Spain M&A 3 of 5
Year: 2017 M&A 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 EZLinks

Chicago, Illinois, United States

EZLinks is a software and service suite tailored for golf and includes: tee sheet, point of sale, 24/7 reservation center, online booking engines, marketing services, 24/7 support. EZLinks was founded in 2015 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-12 Ministry Brands

Lenoir City, Tennessee, United States

Ministry Brands is a provider of SaaS platforms for churches, parachurch ministries and other faith-based organizations in the United States and Canada. The company seeks to equip the 21stcentury church with technology that empowers pastors, church executives, technology professionals, and administrators to proactively carry out their Biblical mission with excellence, reverence, and efficiency. Its suite of solutions includes church management, giving, accounting, mobile applications, website development, background checks, content, streaming, and messaging. Ministry Brands was founded in 2012 and is based in Lenoir City, Tennessee.

Sell -
Buyer

Wendel Group

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1704
Size Large
Type Sector Agnostic
DESCRIPTION

Wendel Group is a publicly traded investment group that seeks to invest €200 to €700 in public and private companies. The Firm focuses on opportunities across France, Germany, and the Benelux, but will also consider opportunities in greater Europe, North America, and select regions of Africa. Target companies typically exhibit predictable cash-flows, high barriers to entry, and are leaders in their respective markets. Wendel was originally established in 1704 and is based in Paris.


DEAL STATS #
Overall 15 of 25
Sector: Education M&A 1 of 3
Type: Secondary Buyout M&A Deals 9 of 11
Country: Spain M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 Tsebo

Johannesburg, South Africa

Tsebo is an African Integrated Workplace Management Solutions Provider that offers clients reduced costs, risks, and complexities together with increased quality, efficiency, and productivity. Tsebo was founded in 1971 and is based in Johannesburg, South Africa.

Buy R5.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-08 Saham Group SA

Casablanca, Morocco

Saham Group SA is a provider of insurance, customer relationship assistance, healthcare, and real estate business activities in Africa and the Middle East. Saham Group is conscious of its economic and social responsibility; it initiates and implements ambitious development projects in Africa through its corporate foundation. It strives to strengthen equal opportunity via two principal programs to encourage entrepreneurship and to improve access to healthcare.

Sell -

Seller(S) 1

SELLER

Magnum Capital Industrial Partners

Madrid, Spain

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Magnum Capital is a private equity firm focused on investing in upper middle-market companies located in Spain and Portugal. Magnum prefers control investments in the industrial and service sectors. The Firm's target investment size is €30 to €100 million in businesses valued from €150 to €800 million. Prospective investment situations include family-owned companies with potential for 'increased operating efficiencies', corporate spin-offs, shareholder liquidity needs, and Iberian companies looking to expand beyond the local area. Magnum Capital was formed in 2006 and has offices in Madrid and Lisbon.


DEAL STATS #
Overall 8 of 18
Sector: Education M&A 1 of 2
Type: Secondary Buyout M&A Deals 2 of 5
Country: Spain M&A 5 of 15
Year: 2017 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-07 Generis Farmacêutica S.A.

Amadora, Portugal

Generis Farmacêutica S.A. is a company engaged in the manufacture and sale of pharmaceutical products in Portugal. Company exports its products directly to hospitals, clinics, pharmacies, and others or through partnerships with local agents and/or distributors in Portugal and internationally.

Sell €135M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-03 Iberchem S.A.

Alcantarilla, Spain

Iberchem, S.A. engages in Production of fragrances and flavors for the industrial and food and beverage sectors. Iberchem was founded in 1985 and is based in Alcantarilla, Spain.

Sell €405M