FSN Capital's Baggium sells C&T division

The decision to sell C&T was made because the business is not in line with the long-term strategy of Baggium. Following the sale of C&T, Baggium's management team will be able to focus on the development of the education business.

Previous funding
FSN acquired Baggium in January 2010 with equity from the FSN Capital III fund. The non-cyclical nature of the education sector attracted the investor to the deal. FSN planned to grow the group by attracting more students and opening new schools.

Company
Baggium runs 41 upper secondary schools that provide vocational training to approximately 4,700 students. Although privately managed, the schools are state funded. The Care & Treatment division specialises in providing support for children, primarily from migrant families, with social and psychological problems. C&T posted sales of SEK 122m in 2010.

People
Peter Möller led the original investment in Baggium.

Advisers
Vendor – ABG Sundal Collier (Corporate finance); Vinge (Legal); KPMG (Financial due diligence).

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• Topics
• Nordics
• Consumer
• Exits
• FSN Capital
• KPMG
• Partial sale
• Sweden