Invision sells Swiss Education Group to Summer Capital

The deal ends a 10-year holding period for Invision, which acquired the business in 2008, drawing equity from its fourth fund.

At the time of the original acquisition the number of students was 2,500 and the company generated revenues of CHF 80m.

Invision raised a special purpose acquisition vehicle (Invision Hospitality) with a volume of CHF 350m to transfer the company from Invision IV in December 2015. Akina Partners (now a subsidiary of Unigestion) co-invested in the deal via Euro Choice Direct for a minority stake. The company had 6,500 students on its books at this stage and generated turnover of CHF 150m in 2014.

Under Invision's ownership, new academic programmes such as culinary art and design management were introduced. Additionally, the sales network was strengthened by new offices in Brazil and Canada, and the acquisition of a sales network in China.

Summer Capital plans to expand SEG's network into China and the pan-Asian region, according to a statement.

Company
SEG is a hospitality and hotel education group. It has 6,000 students per year from 111 countries who typically complete a three-year bachelor or masters degree before looking for work in hotels. The company generated CHF 160m in 2017 and employs 700 people, according to its website.

People
Invision Private Equity – Frank Becker (managing partner).
Swiss Education Group – Florent Rondez (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• DACH
• Buyouts
• Support services
• Invision Private Equity AG
• Switzerland
• Trade sale