French group AD Education, a company backed by Cathay Capital and BPI France, has wholly acquired Spanish school Escuela Superior de Imagen Sonido y Tecnología (Ces), Unquote understands.
Consortium has offered €18.10 per share, 24% higher than the €14.56 closing price on 23 September
Around €2m comes from Seed Capital, while Vækstfonden is providing a syndicated loan of €1.8m
Company plans to use the financing to strengthen its market position in Spain and boost its international expansion
GP has so far invested in companies in industrial automation, software and business training