Private equity firm Miura Partners and its portfolio company Educaedu, a digital training and education platform, have acquired Spanish training courses provider Emagister.
Following the deal, both Educaedu and Emagister will continue to operate under their respective brands, maintaining their management teams and integrating their service offerings.
The founders of Educaedu, Fernando Bacaicoa and Mikel Castaños, will become major shareholders in the new group and lead the company’s expansion project.
With this acquisition, Educaedu plans to further drive its international growth and strengthen its digital capabilities, while consolidating its presence in the Iberian Peninsula, Italy and Latin America.
Established in 2001 and headquartered in Bilbao, the company offers more than 140,000 courses in nine languages across 20 countries, employing 180 staff.
Miura acquired Educaedu in January 2022 from private equity firm Great Hill Partners, in a deal reportedly valued at around €60 million.
Founded in 2000 and based in Barcelona, Emagister offers training and learning courses in a wide range of disciplines, online and through centres located in 15 countries across Europe and Latin America.
Miura and Educaedu were advised by Natixis (M&A), Gómez-Acebo & Pombo (legal), Euskaltax (tax) and Deloitte (legal)., while Emagister was advised by Impulsa (M&A), Addwill (legal) and EY (due diligence).
Date published: 3 May 2022