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Eurazeo SE — M&A Activity 2016
Jun 15, 2016
1302_iss_2016-06-15_62a3ee80-a9e1-4ae0-88a4-df7af08408d7.pdf
M&A Activity
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PARIS, JUNE 15, 2016
EURAZEO ANNOUNCES THE COMPLETION OF ITS INVESTMENT IN THE SWISS HOTEL MANAGEMENT SCHOOLS GLION & LES ROCHES
Eurazeo today announced the completion of the acquisition from Laureate Education Inc. of the Swiss hotel management schools Glion Institute of Higher Education ("Glion") and Les Roches International School of Hotel Management ("Les Roches") and their interests in affiliated campuses and partners (Glion London, Les Roches Marbella, Les Roches Jin Jiang, the Royal Academy of Culinary Arts in Jordan and Les Roches Chicago). This transfer of ownership has been approved by the university accreditation authority the New England Association for Schools and Colleges (NEASC).
Based on an enterprise value of 380 million Swiss francs, this transaction represents, for Eurazeo, an investment of 248 million Swiss francs for outright ownership of the new group. Furthermore, an acquisition debt of 170 million Swiss francs was granted by ICG.
Eurazeo's aim is to create an independent and efficient group and equip both institutions and all their campuses with the necessary resources for their continued development as market leading institutions while preserving their heritage, culture, international ambition and educational autonomy. Over the next twelve months, both schools will continue to benefit from Laureate Education's backing for certain support services in order to facilitate the transition.
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About Eurazeo
With a diversified portfolio of 5 billion euros in assets, Eurazeo is one of the leading listed investment companies in Europe. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. The Company covers most private equity segments through its four business divisions – Eurazeo Capital, Eurazeo Croissance, Eurazeo PME and Eurazeo Patrimoine. 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. Eurazeo is notably either a majority or key shareholder in AccorHotels, ANF Immobilier, Asmodee, Desigual, Elis, Europcar, Fintrax, Foncia, InVivo NSA, Les Petits Chaperons Rouges, Moncler, and smaller companies, including the investments of Eurazeo PME and Eurazeo Croissance.
Eurazeo is listed on Euronext Paris.
ISIN: FR0000121121 - Bloomberg: RF FP - Reuters: EURA.PA
| Eurazeo financial timetable |
July 27, 2016 | H1 2016 results |
|---|---|---|
| November 10, 2016 | Q3 2016 revenue |
EURAZEO CONTACTS PRESS CONTACT
CAROLINE COHEN HEAD OF INVESTOR RELATIONS E-mail: [email protected] Tel: +33 (0)1 44 15 16 76
SANDRA CADIOU HEAD OF COMMUNICATIONS E-mail: [email protected] Tel: +33 (0)1 44 15 80 26
HAVAS WORLDWIDE PARIS RENAUD LARGE E-mail: [email protected] Tel: +33 (0)1 58 47 96 30 +33 (0)6 33 49 36 06
For further information, please visit our website: www.eurazeo.com