Skill & You Acquired by Andera Partners
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.
Andera Partners was advised by DLA Piper and LGT European Capital by Jones Day. Orsay Avocats advised the management team on their reinvestment.
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