Transaction Details

April 23, 2015
Munich

Sector

Business Services

Deal Type

M&A

Deal Value

N/D

Deal Team

Dr Martin Kühner, Dr Georg Schultze, Tobias Levedag, Nicolas Borchard

GCA Altium has advised Lead Equities and the Management team on the sale of WP Bildungs GmbH to Algebra Gesellschaft für Beteiligungen

GCA Altium has advised Lead Equities and the Management team on the sale of WP Bildungs GmbH, the leading private education company in Austria for adolescent and adult qualification programmes, to Algebra Gesellschaft für Beteiligungen mbH, an affiliate of Luxempart S.A., a c.€800m family-owned Luxembourg-listed investment fund. GCA Altium was selected as sell-side advisor based on its extensive expertise in business services and its reach into a broad network of strategic and financial investors across Europe.

WP Bildungs GmbH is an Austrian leader in adult education, with over 900 apprentice training participants per annum and over 7,000 additional qualification programme participants a year. The company is primarily active in Austria with additional operations in CEE; the majority of the services are provided for or on behalf of the Austrian Public Employment Service (AMS). The company has experienced strong internal and external growth with sales CAGR in excess of 30% over the last 3 years. In FY 2014, WP generated sales above €30m.

Algebra intends to utilise WP as a buy & build anchor investment for acquisitions in- and outside of Austria, leveraging WP’s expertise and best practices in the field of adolescent qualification. Current management founders have made a substantial reinvestment in the company.

Terms of the transaction were not disclosed.

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