IK to acquire Domia

The investment will be made via the investor's IK Small Cap I Fund, which held a final close on its €277m hard-cap. The competition authority is currently reviewing the transaction.

IK declined to comment.

Domia is controlled by MCP Education, a portfolio company of private equity firm Metric Capital Partners, which acquired a majority stake in the business in May 2013. The enterprise value stood at €8.48m for the turnaround deal, according to Unquote Data. Metric held a 96.1% stake by providing funding of €14.5m.

Founded in 1989 and headquartered in Paris, Domia Group, operating under its brand name Acadomia, is a provider of supplementary education in France. It mainly offers home-based and classroom tutoring services through teaching professionals.

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• IK Investment Partners