Eurazeo buys Glion and Les Roches for CHF 220m

The purchase price is based on a combined enterprise value of CHF 380m. In 2015, the combined group had CHF 173m in revenues and CHF 27.9m standalone pro-forma EBITDA. The group has posted a 5.9% compound annual growth rate in revenues since 2013. The transaction remains conditional to customary closing conditions.

Under Eurazeo's ownership, the group's development strategy will focus on global expansion and the ramp-up of recently launched campuses in the UK and the US. Another focus will be executive education and blended learning.

Company
Founded in 1962 and 1954 respectively, Glion and Les Roches are private Swiss institutions offering undergraduate, graduate and post-graduate programmes in the wider field of hospitality and luxury-related industries.

Glion operates in Switzerland and the UK, and currently educates approximately 2,000 students.

Les Roches operates campuses in Switzerland, Spain, Jordan and China, and has plans to expand to the US. It currently educates 2,900 students.

People
Eurazeo – Virginie Morgon (deputy CEO).
Laureate Hospitality Business Education – Michael Huckaby (CEO).

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• Topics
• Buyouts
• DACH
• Consumer
• Switzerland
• Eurazeo