Paris – Paul Hastings LLP, a leading global law firm, announced today that it has advised the shareholders of Skill & You (21 Centrale Partners, Access Capital Partners, Jolt Capital, Alma Learning Group, and Capital Transmission and the management team led by Eric Petco and Sonia Levy-Odier) in connection with the LBO of the group by Andera Partners, alongside Omnes Capital as minority co-investor. LGT European Capital has provided a unitranche financing to support this acquisition.
A leader in the French e-learning market, Skill & You has more than 540 employees, including 210 teaching professionals, and aims to achieve €70 million in revenue during 2018. Over the past two years, Skill & You has experienced steady growth, with a catalog of more than 200 training programs attended by nearly 100,000 students.
The acquisition of the majority stake of Skill & You by the Winch Capital 4 fund, which is managed by Andera Partners and its co-investors, will allow to Skill & You to continue its development in France and abroad.
The Paul Hastings team was composed of corporate partner Olivier Deren with associate Charlotte Dupont, as well as tax partner Allard de Waal with associate Thomas Pulcini.
Andera Partners was advised by DLA Piper and LGT European Capital by Jones Day. Orsay Avocats advised the management team on their reinvestment.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.