Wendel : New acquisition: Globeducate in primary and secondary education, a deal with high multiples, in an attractive sector
>Private education: an attractive sector from a financial standpoint - Wendel announced yesterday that it has entered into exclusive negotiations to acquire c. 50% of Globeducate, a Spanish bilingual kindergarten-to-secondary education company.The group expects to achieve revenue of around € 440m (80% of which in Europe) and adjusted EBITDA of around € 120m (c.27% margin) for the twelve months to end August 2025 and will have around 6,000 employees (incl. 4,000 t...Wendel is an investment company specializing in acquiring long-term holdings in industrial and services companies. Co.'s activities can be divided into six main divisions. Through Bureau Veritas, Co. provides conformity assessment services and certification. Through Stahl, Co. is engaged in high performance coatings and leather finishing products. Through Saint-Gobain, Co. manufactures, transforms and distributes construction materials. Through Legrand, Co. specializes in electrical and digital building infrastructures. Through Deutsch, Co. provides high-performance connectors. Through Materis, Co. provides specialty chemicals for construction.
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