Omnes Education Group acquires EU Business School
French private higher education provider Omnes Education Group (formerly INSEEC U. Group), which is backed by private equity firm Cinven, has taken a majority stake in EU Business School.
Established in 1973, EU Business School is an international business school with campuses in Barcelona, Geneva, Montreux, Munich and online, offering English-taught foundation, bachelor’s, master’s and MBA programmes
The Craen family will retain shareholding in EU Business School and will continue to manage it. Carl Craen has been appointed chairman of the board, and Luc Craen also joins the board and will continue to pursue his strategic role as director of the Geneva, Montreux and Munich campuses. Dr Dirk Craen will be honorary president.
Fried Frank and CMS Zurich advised Omnes Education on the deal.
Carl Craen said: “We are proud to join this prestigious educational group which we are sure will offer us the opportunities and synergies we need to strengthen our institution further. The mindset and vision of OMNES Education are ideally aligned with EU, and we are certain that they will bring immense added value to our academic offerings.
Mathias Emmerich, president of the Omnes Education Group, added: “As with its other schools, Omnes Education is looking forward to giving an important place in the group to EU Business School and reinforcing its leading international position.”
Cinven acquired INSEEC U. from French private equity firm Apax Partners in a secondary buyout that valued the company at around €800m in March 2019. Last year, the business rebranded as Omnes Education and announced a five-year strategic plan with a €100m investment.
The capital will be used to strengthen the group’s offer of schools and programmes, boost educational innovation and open new campuses in France and the rest of Europe.
Following the add-on of EU Business School, the group is expected to reach revenue of around €350m in 2022.
Omnes Education is headquartered in France and manages 17 campuses located across Europe, the US and Africa, with around 35,000 students.