AURELIUS sells Studienkreis Group

22.11.2017

AURELIUS sells Studienkreis Group

  • Selling price EUR 71.7 million
  • Significant increase in revenues and profitability after successful reorganisation by AURELIUS following acquisition in 2013

Munich, November 22, 2017 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) is selling its subsidiary Studienkreis to IK Small Cap I Fund, which is advised by IK Investment Partners, a pan-European private equity firm. The selling price is EUR 71.7 million. Studienkreis Group is already the third successful exit by AURELIUS in 2017. The transaction is pending, subject to the approval of anti-trust authorities; the closing is expected in December 2017.

Significant increase in revenues and profitability after successful reorganization by AURELIUS following acquisition in 2013

Since the acquisition of Studienkreis Group from Franz Cornelsen Bildungsgruppe in 2013, AURELIUS established the company as clear No. 2 in the tutoring market with roughly 1,000 locations in the German-speaking countries and roughly 60,000 students. During the time with AURELIUS, more than 140 new locations were opened or acquired from franchise partners; to this end, a seven-digit amount was invested in Studienkreis every year. Furthermore, an innovative, integrated online program was developed and established. Besides contacting customers through targeted online marketing, tailored tutoring services are offered on the Internet. The program also features a Studienkreis app.

On the basis of these measures, revenues increased by over 20 percent and EBITDA more than quintupled under AURELIUS ownership.

“We reorganised Studienkreis very successfully in the five years it was a AURELIUS subsidiary, proving once again that our operating approach, through which we work very closely with our subsidiaries, is the right course of action,” said Dr. Dirk Markus, CEO of AURELIUS Equity Opportunities. “From the beginning, we emphasized on growth opportunities for Studienkreis and our efforts paid off with today’s exit transaction.”

Raymond James advised AURELIUS on the transaction.

Telephone conference today, November 22, 2017 at 2:00 p.m.

A telephone conference will be held in English for interested investors and press representatives today, November 22, 2017 at 2:00 p.m. (CET). To sign up, please send an e-mail to investor@aureliusinvest.de.

 

ABOUT STUDIENKREIS

Studienkreis is one of Germany’s leading private education providers. It offers qualified tutoring and remedial education to students in all elementary to high school forms and levels in all major subjects, with individual tuition following a proven pedagogical concept. It improves students’ sense of responsibility for their learning, builds their confidence in their abilities, and helps them to realize and develop their potential. Studienkreis also provides comprehensive assistance for primary school pupils through its “Children’s Learning World.” With some 1000 locations Studienkreis is close to students throughout the country, and also offers professional online tuition with trained E-tutors. To give parents orientation on the tutoring market, Studienkreis engages TÜV Rheinland to monitor its performance. In Germany’s largest service ranking in the daily DIE WELT, in 2013, 2014 and 2015 Studienkreis placed first in the category “Tutoring providers.” For more information on Studienkreis’ concept and services, see www.studienkreis.de or call 0800/111 12 12 toll-free, or contact the company directly at www.facebook.com/studienkreis.

ABOUT IK INVESTMENT PARTNERS

IK Investment Partners (“IK”) is a pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than EUR 9 billion of capital and invested in over 110 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com