Baar-Zug, 5 July 2010
Partners Group, the global private markets investment manager, led the mezzanine debt financing in Swedish education provider AcadeMedia on behalf of its clients. The transaction was completed as part of the public to private takeover bid for AcadeMedia.
Quarter-over-quarter, the education provider has increased its revenues and profits consistently since it was created through the merger of AcadeMedia and Anew Learning in October 2008. With more than 20,000 students in pre-school, compulsory and upper secondary schools as well as 24,000 participants in adult education, AcadeMedia is Sweden's largest education company. The company's, diversified customer base and strong position in the recession resilient education segment represents an attractive lending opportunity. The credit quality is further enhanced by the strong cash flow profile, which is supported by a high visibility of future earnings due to pupils enrolling before each school year.
René Biner, Partner and Head Private Finance at Partners Group, comments: "We believe Sweden is at the forefront of private education. We are excited to contribute to the further expansion of the successful business model of AcadeMedia, the market leader in this segment."