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Quilvest acquires Groupe EDH in SBO

  • Francesca Veronesi
  • Francesca Veronesi
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Quilvest Private Equity has acquired a majority stake in French higher education school network Groupe EDH from former backer Platina Partners.

CEO Amin Khiari retained a stake in the business. 

A unitranche package was used for the transaction, with debt provided by CM-CIC Private Debt and Idinvest.

Quilvest PE has used a evergreen fund for the investment, which typically has an investment period of around 5 years. 

EDH plans to expand both in France and into international markets, organically and through acquisitions.

Previous funding 
Platina bought 80% of EDH in 2014, a spokesperson for Platina confirmed, while Amin Khiari acquired a minority stake for the first time.   

Platina used its Platina Equity Solutions fund, which does not follow a closed-ended structure. Mezzanine debt for the investment was provided by Idinvest at the time. 

Company
Founded in 1961 and headquartered in Paris, EDH is a network of higher education schools dedicated to communication, arts management and journalism. It operates three brands of schools across six campuses located in France, New York and Shanghai. Groupe EDH has 3,000 students and an alumni base of 20,000.

People
Quilvest Private Equity – Thomas Vatier, Loeïz Lagadec, Guillaume Laboureix, Hichem Hadjoudj (partners).
Groupe EDH – Amin Khiari (CEO).
Platina Equity Solutions – Jérôme Girszyn, Charles Dubar (investment directors).
CM-CIC Private Debt – Pierre-Jean Mouesca (investmemt director); Adrien Normand (analyst).
Idinvest – Eric Gallerne (partner); Maxime de Roquette Buisson (investment director).

Advisers
Equity – Eurvad Finance, Charles Guigan, Yassine Jnan (legal); Mayer Brown, Olivier Aubouin, Martin Duvernoy, Renan Lombard-Platet, Patrick Teboul, Constance Bouchet, Elodie Deschamps (legal).
Vendor – Transaction R, Pierpaolo Carpinelli, Pierre Sader, Augustin Delouvrier et Romain Golven (M&A) ; Agylis, Baptiste Bellone, Chloé Journel (legal); Oderis Consulting, Thomas Claverie, Thibault Charron (financial due diligence); PMSI, Rémi de Guilhermier (commercial due diligence).
Company – Gomel Avocats, Arnaud Gomel (legal); Ayache Salama, Bruno Erard (legal).
Debt – Allen & Overy, Jean-Christophe David, Thomas Roy (legal).

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