Cathay, BPI-backed AD Education bolts on Ces

Following this add-on, AD Education will generate revenues of €114m and manage courses for around 15,000 students, Unquote understands.

The acquisition of Ces shortly follows the purchase of Accademia Italiana Arte Moda e Design, an Italian university dedicated to fashion and graphics; the academy was bought by AD Education at the beginning of the month.

Cathay and BPI France invested in AD Education in October 2016 by acquiring a minority stake, while Kevin Guenegan, son of the founders, retained the majority.

Established in 1990 and based in Paris, AD Education manages a network of higher education institutions. The group manages a network of 10 universities and 32 campuses (26 in France, four in Italy and two in Spain). 

Company
Established in 1984 and based in Madrid, Ces offers onsite and online courses and master's in a wide range of subjects, including media, audiovisual, radio and video production, music, art and design.

People
AD Education – Kevin Guenegan (CEO).

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