AURELIUS Equity Opportunities SE & Co. KGaA has sold its subsidiary Studienkreis, one of Germany’s leading private education providers, to IK Small Cap I Fund, a fund which is advised by the pan-European private equity firm IK Investment Partners. The purchase price is EUR 71.7 million. The transaction is subject to the approval of anti-trust authorities. Closing is expected in December 2017.
Studienkreis was acquired by AURELIUS from Franz Cornelsen Bildungsgruppe in 2013 and since then expanded to roughly 1,000 locations in the German-speaking countries, tutoring approximately 60,000 students.
EGO HUMRICH WYEN advised on the exit process together with an in-house team of AURELIUS.