Add-on Acquisition • Education

Sanoma Group Acquires itslearning AS

On December 5, 2019, Sanoma Group acquired education company itslearning AS from EQT

Acquisition Context
  • This is Sanoma Group’s 1st transaction in the Education sector.
  • This is Sanoma Group’s 1st transaction in Norway.

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M&A Deal Summary

Date December 5, 2019
Target itslearning AS
Sector Education
Buyer(s) Sanoma Group
Sellers(s) EQT
Deal Type Add-on Acquisition

Target Company

itslearning AS

Bergen, Norway
itslearning AS is a provider of pedagogy focused cloud-based Learning Management System (LMS). itslearning's LMS supports teachers and students in managing the learning process, create multimedia resources, and share work and information online. itslearning AS was founded in 1999 and is based in Bergen, Norway.
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Buyer Overview 1

Buyer

Sanoma Group

Helsinki, Finland

Category Company
Sector Distribution
DESCRIPTION

Sanoma is a media and learning companies in Europe. We entertain, inform, educate and inspire millions of people every day — across media in multiple channels. We employ some 10,000 professional employees operating in Europe. Our key markets are Finland, The Netherlands, Belgium and Central & Eastern Europe.


Deal Context for Buyer #
Overall 4 of 6
Sector: Education 1 of 3
Type: Add-on Acquisition 4 of 5
Country: Norway 1 of 1
Year: 2019 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 Iddink Groep B.V.

Ede, Netherlands

Iddink Groep B.V. is a distributor of school books and digital learning materials for school articles and school facilities in the Netherlands and abroad.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 Clickedu

Barcelona, Spain

Clickedu is a cloud school platform that includes academic, administrative and economic management , a virtual learning environment with connection to digital books and free content, faculty management, tutors and heads of studies, the quality of the center and a communication environment with families , among others. Clickedu was established in 2000 and is based in Barcelona, Spain.

Buy -

Seller Profile 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


Deal Context for Seller #
Overall 124 of 194
Sector: Education 2 of 3
Type: Add-on Acquisition 50 of 76
Country: Norway 6 of 10
Year: 2019 12 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-22 E.I.S. Aircraft Products and Services

Euskirchen, Germany

E.I.S. Aircraft Products and Services is a well-established product and service provider focused on the aerospace market with more than 60 years of experience. E.I.S. Aircraft's two main businesses ’Products and Services‘ offer a comprehensive scope of capabilities throughout the whole value chain, ranging from design and engineering up to program management, production to aftermarket support. E.I.S. Aircraft Products and Services was founded in 1953 and is based in Euskirchen, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-10 Recover Group

Oslo, Norway

Recover Group is a provider of property remediation and environmental services in the Nordics. Recover Nordic serves insurance companies, municipalities, industrial and commercial companies across the Nordics, helping end-customers return to everyday life as quickly as possible following property damages and unexpected events. Recover Group was founded in 2013 and is based in Oslo, Norway.

Buy -

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