PE-backed Babilou to buy China-based GPE

The deal should be signed on 6 November, according to a statement by Babilou. 

TA Associates acquired a stake in Babilou in 2017, while previous investors Raise Investissement, Cobepa and Societe Generale reinvested in the company. The transaction saw the founding Carle family remain Babilou's majority owner. Last year, the business entered the Indian market, acquiring a majority stake in Amelio Early Education, a Chennai-based chain of early-education centres.

Founded in 2003 and based in Courbevoie, Babilou operates 670 nurseries with 31,000 places, not including GPE, French daily Le Figaro reported. With the integration of GPE, Babilou expects revenues of €500m in 2019, the report added.

Company
Established in 2016 by the Li family, GPE cares for 10,000 young children, mainly from three to six years old, in seven Chinese provinces. Babilou and GPE are expecting to care for more than 26,000 children in China by 2023.

People
Babilou – Rodolphe Carle (co-founder, CEO). 

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• Topics
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• TA Associates
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• Cobepa
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