Wendel and Providence strengthen their partnership with Globeducate

Wendel announces an agreement with Providence Equity Partners to jointly invest in Globeducate, a global group of international K-12 schools. Wendel will invest around 625 million euros alongside Providence, for a 50% stake. The total investment is based on an enterprise value of almost 2 billion euros, transaction planned for the second half of 2024.

Globeducate, founded in 1972 in Spain, includes 65 schools in 11 countries, mainly in Europe. The group employs more than 6,000 people and welcomes more than 40,000 students. Under the leadership of Providence since 2017, the group has experienced significant growth with 21 international acquisitions.

Globeducate targets revenue of €440 million and adjusted EBITDA of €120 million for the period ending August 2025. This new phase of growth will focus on innovation, infrastructure and selective acquisitions .