LFPI invests in Eductive

LFPI acted as lead investor in the round, with BPI France and BNP Paribas Développement joining as minority co-investors.

LFPI will help Eductive pursue organic as well as external growth, with some bolt-on acquisitions already in the pipeline, according to the GP.

LFPI was not available for comment at the time of writing.

Debt
A senior debt package provided by HSBC and BNP Paribas, as well as a mezzanine debt provided by LFPI Gestion, supported the transaction.

Company
Founded in 2000 and headed by Rodolphe Léon, Eductive Education Group provides private higher education and professional training services, offering post-baccalaureate courses of up to five years in fields including business management, communication, marketing, HR, art, accounting, finance, real estate, social services, healthcare, tourism, computer science and consumer services.

Based in Montrouge, Eductive claims to be training roughly 7,000 students through its 17 branches across France. The group also offers distance learning services. It generates €35m in revenues.

People
LFPI Gestion – Cyrille Guyard (investment director); Olivier Lange (managing director).
BPI France – Ménélé Chesnot (investment director); Axel Piriou (investment associate).
BNP Paribas Développement – Valérie Breitenstien (investment director); Gautier Harlaut (analyst).

Advisers
Equity – ACA-Nexia, Hervé Krissi, Hervé Teran, Laura Guéerin (financial due diligence); Bardavid Tourneur, Jean François Tourneur (environmental due diligence); Goodwin, Maxence Bloch, David Diamant, Frédéric Guilloux, Marie-Laure Bruneel (legal); Archers, Marc Baffreau, Guillaume Bain (legal).
Vendor – Alantra, Franck Portais, Oriane Durvye, Mathieur Theuret (legal); PwC Transaction Services, Didier Cavanié, Olivier Deval (financial due diligence); PwC Société d'Avocats, Emmanuelle Veras (legal).
Debt – De Gaulle Fleurance & Associés, Jonathan Souffir, Pauline Sturzenegger (legal); Allen & Overy, Jean-Christophe David, Zineb Bennis (legal).

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