Eurazeo, a leading global investment company listed in Paris, in partnership with Primavera Capital Group, a major China-based investment firm, is pleased to announce it has entered into an agreement to invest in WorIdStrides, a premier experiential education provider serving students of all ages.

Headquartered in Charlottesville, Virginia, WorIdStrides provides Experiential learning to over 400,000 students per year covering academic, professional, performing arts, and athletic programming. The company partners with more than 7,000 K-12 schools and 800 universities, including top MBA programs. Since its founding in 1967, more than seven million students have travelled with WorIdStrides. For the fiscal year ended June 30, 2017, the company generated over $580million in revenue.

“Firmly committed to education for many years, we strongly believe that experiential learning is a vital part of curriculum and student development,” said Virginie Morgon, Deputy CEO of Eurazeo and President and CEO of Eurazeo North America. “We are impressed by the company’s growth in recent years, along with its unmatched breadth and depth of educational travel offerings. Eurazeo has developed a significant international presence, which will be leveraged to strengthen and accelerate WorIdStrides’ presence in Europe and Asia.”

“For over 50 years, we have been providing students with a world of travel experiences that immerse them in knowledge, culture, and inspiration,”said Jim Hall, CEO of WorIdStrides. “As our world becomes more interconnected, we’re excited to partner with Eurazeo and Primavera to offer more students experiences with a journey of possibilities.”

“We see a strong secular trend driving demand for global student travel into and out of the Greater China region,” said Dr. Fred Hu, Founder of Primavera Capital Group. “ We look forward to working closely with Eurazeo and Jim Hall and the management team to accelerate the company’s expansion into international markets.” Eurazeo’s majority investment will be accompanied by a minority investment by Primavera Capital Group.

Eurazeo’s total investment will be in the $500 million range, pending further adjustments through transaction close which is expected to occur by year end. Macquarie Capital served as financial advisor to Eurazeo.

About WorIdStrides

WorIdStrides, headquartered in Charlottesville, Va., is the largest educational student travel company and study abroad organization in the United States. The company was founded in 1967 to provide middle school travel programs to Washington, D.C., and has grown to provide educational programs for more

than 400,000 students annually from more than 7,000 universities and K12 schools to over 100 countries around the world. The organization’s full suite of programs is tuned to learners at stages from elementary through post-graduate levels, and feature specializations like performing arts, sports and study abroad.

About Eurazeo

With a diversified portfolio of approximately ~$8billion in assets under management, of which $1 billion is from third parties, Eurazeo is a leading global investment company with offices in Paris and Luxembourg, New York, Shanghai and Sao Paolo. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. The firm covers most private equity segments through its five business divisions –Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. As a global long-term shareholder, the firm offers deep sector expertise, a gateway to global markets, and a stable foothold for transformational growth to the companies it supports. Eurazeo is notably a shareholder in AccorHotels, Asmodee, CIFA, CPK, Desigual, Elis, Europcar, Fintrax, Grape Hospitality, Iberchem, Les Petits Chaperons Rouges, Moncler, Neovia, Novacap, Sommet Education, Trader Interactive, and also SMEs such as Flash Europe, In’Tech Medical and Smile, as well as start-ups such as Farfetch and Vestiaire Collective

Eurazeo is listed on Euronext Paris.

ISIN: FR0000121121-

Bloomberg: RF FP

Reuters: EURA.PA

About Primavera Capital Group

Primavera Capital Group is a China-based investment management firm founded by Dr. Fred Hu, a renowned economist and prominent investor, and formerly a partner and Chairman of Greater China at Goldman Sachs Group, the firm’s investment team has over 30 outstanding professionals with global M&A and capital market experience, strong industry expertise, deep local knowledge, and a unique network of relationships with policy makers, leading CEOs and influential entrepreneurs. Primavera employs a flexible investment strategy of control/buy-outs, growth capital and cross-border transactions. Primavera’s investments capitalize on China’s emergence as the world’s biggest consumer market. The firm targets investments in the financial services, consumer, education, health care, and TMT sectors, where Primavera has significant expertise and experience.

Primavera has built a high-quality portfolio consisting of leading companies in some of the world’s fastest-growing and most innovative industries

Oakley Capital Private Equity III (“Fund III”) has agreed to aquire Apollo Global Germany GmbH (“Career Partner Group”), from its current shareholder Apollo Education Group Inc. Fund III, together with a number of underlying Fund III investors, will hold a 79% stake in the business. Fund III will be partnering with CEO Dr. Sven Schütt and his management team, who will be investing in the new structure.

Career Partner Group is a leading provider of private higher education and personnel development in Germany. Operating principally under the brand of International University of Applied Sciences Bad Honnef (IUBH), the business currently has over 13,500 students enrolled in four types of program: traditional on-campus universities, online university degree courses, dual studies (an alternative to traditional apprenticeships) and corporate training. Fund III will seek to support the continued development of the business particularly in the online university and dual studies segments, both of which are high-growth sectors in Germany.

The business generated revenues of €61.5 million and reported EBITDA of €10.3 million for the year ended 31 August 2017. The transaction is partly funded by a unitranche debt facility from BlueBay. Fund III will invest €85 million in the business. Completion is subject to approval by the Federal Cartel Office, and is anticipated to be on December 31, 2017.

Sven Schütt, CEO, Career Partner Group commented:

“On behalf of the management team and employees of Career Partner Group, we look forward to having Oakley as our new partner.  The business has flourished under the ownership of Apollo and we are very grateful for their support.  There are also many exciting opportunities ahead of us as the market for online education further develops in Germany.”

Peter Dubens, Managing Partner, Oakley Capital commented:

“We are delighted to be building on our expertise in the sector with another investment in education. CPG is a dynamic and high-growth business that has been a leader in the delivery of online higher education in Germany and is set to continue on that path with Oakley as a partner.”

Marvin Holding Limited (a holding company owned by EQT V Limited and its co-investor) (“Marvin”) has entered into an agreement to sell 12,586,941 shares in AcadeMedia AB (publ) (“AcadeMedia”) to 12 high quality Swedish and international investors including Mellby Gård AB.

After the sale, Marvin owns 11,511,385 shares, corresponding to approximately 12.1% of the total number of shares in AcadeMedia. The shares in AcadeMedia that Marvin holds after the sale will be subject to a so-called lock-up, up to and including the date of publication of the Company’s first quarterly report for 2017/2018, which is expected to be published on October 26, 2017, subject to customary exceptions or written consent from Carnegie Investment Bank AB (publ) (“Carnegie”) and Scandinavian Enskilda Banken AB (publ) (“SEB”). Mellby Gård AB, anchor investor in the listing of AcadeMedia, will through the transaction increase its holding in AcadeMedia from approximately 20.1% to 21.1% of the total number of AcadeMedia shares.

Carnegie and SEB acted as advisors in the transaction.

FSN Capital III has entered into an agreement to divest Vindora to AcadeMedia, Northern Europe´s largest education company.

Vindora is a leading education provider, primarily active in the upper secondary segment, with a market leading position in apprentice based vocational education. Vindora has for almost two decades contributed to society by addressing one of the main challenges, youth unemployment. Vindora’s unique education model, based on a close collaboration with thousands of small and medium sized companies across Sweden, has proven to be highly effective in enabling the students to build relevant work experience and thereby enhance their job placement rate.

Marcus Egelstig, Principal at FSN Capital AB, acting as adviser to the FSN Capital Funds, says:
”We are proud of Vindora’s development during FSN Capital’s close to eight-year ownership period. Under the leadership of CEO Jarl Uggla, Vindora has continuously developed its successful education model and invested heavily in structure and processes to build a solid platform for the long run. To join forces with the industry leader, AcadeMedia, means that Vindora has optimal conditions for continued positive development”.

Please press here to read the AcadeMedia press release.

FSN Capital III was advised by Wigge & Partners, KPMG and ABG Sundal Collier.

In the issue of a total of four million is also participating private investors, among others Djäkne startup Studio and football pros Pontus Jansson and Robin Olsen through his investment company PJ & PL Invest AB. The money will be used to launch in the UK.

Today’s school becomes increasingly digitized, but teachers are often referred to several different, often complex, systems for planning education, rate and follow up. It means that the teacher must devote much time on administration. This would StudyBee easier by offering a product that provides comprehensive assessment in handy Google Classroom.

With StudyBee teacher can easily perform all tasks related to teaching, feedback to the student, grades, and save and share information with the individual student.

– StudyBee release time for teachers and makes it easy to individualize instruction and follow the curriculum, says Jenny Strömberg, Investment Manager at Almi Invest. It becomes more and more obvious that the use of digital content in the classroom. Here StudyBee good opportunity to establish itself as a leading player.

The service launched in Sweden in autumn 2016 and has already managed to attract 170 schools with 20,000 students. Establishment in the UK took place in spring 2017 and the plan is also a presence in the US eventually. The launch is in partnership with Google’s Premium Partners, for example, British C-Learning.

– Thanks to this capital increase, we can now continue to process our markets in cooperation with Google’s partners, says StudyBees CEO Ian Rattigan. Our goal is to StudyBee will help to reduce teachers’ workload and help students achieve their potential.

The EQT Mid-Market Credit Fund announced today that it has provided a tailored financing package to support a strategic growth investment by TA Associates in Inspired, a leading group of premium schools in Europe, Africa, Latin America and Australia. Terms of the transaction were not disclosed.

Inspired is a co-educational, non-denominational, independent school group designed to inspire students to achieve their maximum potential in a nurturing and progressive academic environment. Inspired has grown rapidly by building new schools and acquiring existing successful ones around the world. Inspired currently educates approximately 19,000 students between the ages of 1 and 18. The company has offices in London, Johannesburg, Bogota and Sydney.

Oakley Capital, the Oppenheimer family, the Mansour Group, Genesis Capital and Graeme Crawford (founder of Reddam House) will continue as shareholders of Inspired. Nadim M. Nsouli, founder of Educas, a long-term education investment vehicle, will remain as the lead investor in Inspired.

Andrew Cleland-Bogle, Director in EQT Partners’ Credit Team, Investment Advisor to the EQT Mid-Market Credit Fund, commented: “Inspired has achieved significant growth and development since its founding only four years ago.  We are delighted to support TA Associates as Inspired’s entrepreneurial management team looks to continue its impressive track record of growth and expansion.”

Andrew Konopelski, Partner and Head of EQT Partners’ Credit Team, Investment Advisor to the EQT Mid-Market Credit Fund, added: “This transaction exemplifies how private equity investors can use creative private debt capital to finance growth aspirations. Utilizing EQT’s independent Industrial Advisor network and sector expertise, we were able to move quickly with EQT Mid-Market Credit delivering a financing package on mutually attractive terms.”

Contacts:
Andrew Cleland-Bogle, Director at EQT Partners, Investment Advisor to EQT Mid-Market Credit,
+44 208 432 5429
EQT Press Office, +46 8 506 55 334

About EQT
EQT is a leading alternative investments firm with approximately EUR 37 billion in raised capital across 24 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

The EQT Credit platform, which spans the full risk-reward spectrum investing with three strategies: senior debt, direct lending and credit opportunities, has invested over EUR 2.5 billion in more than 80 companies since inception in 2008. The EQT Mid-Market Credit Fund seeks to provide flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. These businesses may be privately-owned corporates seeking alternative funding to grow or be the subject of private equity-led acquisitions or refinancings.

More info: http://www.eqtpartners.com/Investment-Strategies/Credit

About Inspired
Inspired is a leading premium schools group in Europe, Australia, Africa and Latin America educating 19,000 students across a global network of 27 premium schools and five Early Learning Schools. Inspired offers a fresh and contemporary approach to education by re-evaluating traditional teaching methods and curriculums, and creating a more dynamic, relevant and powerful model reflecting current attitudes.

More info: www.inspirededu.co.uk

About TA Associates
TA Associates is one of the largest and most experienced global growth private equity firms. Focused on five target industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in nearly 500 companies around the world. Comfortable as either a majority or minority investor, TA employs a long-term investing approach, utilizing its strategic resources to help management teams build lasting value in growth companies. TA has raised $24 billion in capital and is investing out of current funds of $7.25 billion. The firm’s more than 85 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong.

More info: www.ta.com

EQT Mid Market invests in a group which owns ILA Vietnam

• EQT Mid Market invests in a group which owns ILA Vietnam, a premium market leader in the English Language Training (“ELT”) sector in Vietnam

• Strategy is to support continued growth and development of the company to stay ahead of its peers, through enhancements of the academic product offering, learning experience and environment, and network expansion, by leveraging on EQT’s experience and network globally

The EQT Mid Market investment strategy (“EQT Mid Market”) invests in a group which owns ILA Vietnam (“ILA” or the “Company”). An early pioneer in the premium ELT industry, ILA has a well-established reputation and a history that goes more than 20 years back. Today, ILA has over 20,000 ELT enrollments across Vietnam, and in addition offers overseas study consultancy, teacher training services and corporate English training.  ILA strives to be at the forefront in delivering high quality and up-to-date programs to its students across Vietnam.

Mr. Johan Bygge, Chairman of EQT Asia Pacific said: “We are excited to see EQT Mid Market join forces with a market leader in Vietnam’s ELT sector such as ILA. The vast EQT experience, insights and network in the education sector globally, will be of great support in taking ILA to the next level.”

“We are impressed by the Company’s premium curriculum offering and delivery methods, which have been key reasons for its long-term success. Going forward, there will be very interesting opportunities to grow the ILA offering to students all across Vietnam.” says Mr. Tak Wai Chung, Partner at EQT Partners, Investment Advisor to EQT Mid Market.

Contacts
Tak Wai Chung, Partner at EQT Partners, Investment Advisor to EQT Mid Market +65 6595 1830
EQT Press Office +46 8 506 55 334

About EQT
EQT is a leading alternative investments firm with approximately EUR 37 billion in raised capital across 24 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
More info: www.eqtpartners.com

About ILA Vietnam
ILA Vietnam is a leading premium ELT service provider in Vietnam. The Company offers premium English Language Training, overseas study consultancy, teacher training services and corporate English training.
More info: http://ilavietnam.edu.vn/

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Marvin Holding Limited (a holding company owned by EQT V Limited and its co-investors) (“Marvin”) has sold 15,000,000 shares in AcadeMedia AB (publ) (“AcadeMedia”) through an accelerated bookbuilding process to Swedish and international institutional investors at a price of SEK 57 per share (the “Placing”).

Following the Placing, Marvin owns 24,098,326 shares in AcadeMedia, representing approximately 25.4% of the total number of shares in AcadeMedia. Subject to customary exceptions or obtaining consent from Carnegie Investment Bank AB (publ) (“Carnegie”) and Skandinaviska Enskilda Banken AB (publ) (“SEB”), Marvin has agreed to a lock-up period, in relation to its remaining shares in AcadeMedia, until the period ending on the date of the publication of AcadeMedia’s year-end report 2016/2017, that currently is planned to be published on 30 August 2017.

Carnegie and SEB acted as joint bookrunners in connection with the Placing.

Marvin Holding Limited

20 June 2017

THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES OR INVESTMENTS FOR SALE OR A SOLICITATION OF AN OFFER TO BUY SECURITIES OR INVESTMENTS IN ANY JURISDICTION WHERE SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. NO ACTION HAS BEEN TAKEN THAT WOULD PERMIT AN OFFERING OF THE SECURITIES OR POSSESSION OR DISTRIBUTION OF THIS ANNOUNCEMENT IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY SUCH RESTRICTIONS. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTION.