Argos Soditic's ASC IH makes four bolt-ons

ASC IH has acquired education businesses Tutorplus and Key English School, and private schools ISM and EPM, since the firm was bought by Argos Soditic in an MBO in May 2012.

ASC IH received fresh capital from Argos Soditic for the acquisitions, which were also financed via a new debt package.

Argos Soditic's buyout of ASC IH was financed via its Euroknights VI vehicle, which held its final close on €400m in December 2010. Around a quarter of the fund is currently invested. The original transaction was valued between €25-50m.

As ASC IH is actively pursuing a buy-and-build strategy, the firm will acquire further bolt-ons in the future.

Company
ASC IH was founded in 1974 and is based in Geneva. The company provides language training to the general public and businesses.

Tutorplus provides private tutoring to clients in Switzerland. Key English School offers English classes to French-speaking children in Geneva and Vaud. ISM, International School of Mont-de-Corsier, provides English language classes and primary education in Vaud. Ecole Riviera School (EPM) offers bilingual and primary education in Vaud.

People
Guy Semmens is a partner at Argos Soditic. He led the original acquisition of ASC IH for Argos Soditic alongside Cedric Bruix and Johann Marion.

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• Topics
• DACH
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• Expansion
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• Argos Wityu