By Berlitz Languages, Inc.

closed 8/15/2011 via PR Newswire

Berlitz Languages, Inc., acquired Telelangue SA

See 39 Comparable Transactions
synopsis: Berlitz Corporation announced its acquisition of Telelangue SA, a global provider of language services based in Paris, France. Telelangue specializes in distance blended-learning and offers their clients custom-made phone classes and an award-winning e-learning program, supported by an advanced learning management system.
buyer parent: Benesse Corporation
buyer: Berlitz Languages, Inc. (:$0.00)
Berlitz is a global leadership training and education company with a comprehensive portfolio which adds communications skills development, global leadership training and customized dynamic solutions for cultural competency, available via multiple delivery platforms. "
 target: Telelangue SA
Telelangue is a European leader in corporate language training and a pioneer in innovative learning technologies. It has engineered a proprietary online platform technology to provide clients with language learning services that seamlessly blend phone lessons, e-learning and classroom-based courses.
price ($mm)
rev ($mm)
$35
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 2/18/2011 via BNC Analysis

Berlitz Languages, Inc., acquired Second Language Testing Inc.

See 3 Comparable Transactions
synopsis: Berlitz International, Inc.,the world's premier language services firm, providing quality language instruction, translation, and publishing services throughout the world, has purchased Second Language Testing Inc., a premier company solely focused on language test development and test translation.
buyer parent: Benesse Corporation
buyer: Berlitz Languages, Inc. (:$0.00)
Berlitz International, Inc. is the world's premier language services firm, providing quality language instruction, translation, and publishing services throughout the world. Berlitz has been providing language services for more than 120 years, with millions of alumni . "
 target: Second Language Testing Inc.
Second Language Testing Inc. ("SLTI") has filled a void in language test development for the federal government and state government agencies, for use in security, intelligence and defense work, and in the educational sector. SLTI develops language tests and language proficiency assessments.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/17/2019 via BNC Analysis

Ping An Insurance Group, will acquire iTutorGroup

See 55 Comparable Transactions
synopsis: Ping An Insurance Group, one of China’s largest financial conglomerates, will acquire a majority stake in iTutorGroup, the global leader in online education. iTutorGroup provides personalized learning experiences to hundreds of thousands of students and business professionals. They offer online platforms for English and Chinese language learning.
buyer: Ping An Insurance Group (SEHK:2318:$159,378.71)
Ping An Insurance Group is one of China’s largest financial conglomerates. Ping An Insurance offers all kinds of insurance products, including travel, family, accident, corporate, health, life, and property insurance. They also offer services for loans, credit cards, and more. "
 target: iTutorGroup
iTutorGroup is the global leader in online education. iTutorGroup provides personalized learning experiences to hundreds of thousands of students and business professionals. They offer online platforms for English language learning and Chinese language learning.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/20/2019 via Company Press Release

Learnlight, acquired Arenalingua Gmbh

See 79 Comparable Transactions
synopsis: Learnlight, the global language, intercultural skills and soft skills training provider, has acquired arenalingua, a leading German language training company, as part of its European expansion strategy. The acquisition, backed by Beech Tree Private Equity and Learnlight’s management team.
buyer parent: Beech Tree Private Equity
buyer: Learnlight
Learnlight provides language and soft skills training to blue chips and international institutions across the world, using a blend of cutting-edge technology and world-class instructor-led training to equip employees with the skills they need to succeed in a complex business environment. "
 target: Arenalingua Gmbh
Arenalingua is a leading German language training company. Arenalingua offers Government-sponsored English language courses for employees in a blended learning format, German training for professionals in specialist areas such as medicine, healthcare or engineering.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/20/2019 via Company Press Release

Akademie Zeitgeist, acquired International House Freiburg

See 21 Comparable Transactions
synopsis: Sprachschule zum Ehrstein(International House Freiburg) has been acquired by Akademie Zeitgeist, a newly established German language course provider. International House Freiburg is a school that offers German language lessons to students and young professionals.
buyer: Akademie Zeitgeist
Zeitgeist is a program based out of Germany that offers German courses in Freiburg with accommodations. They offer authentic opportunities to live in either student residences or in homestays, in the best neighborhoods of Freiburg. "
 target parent: International House World Organisation
target: International House Freiburg
International House Freiburg is a school that offers German language lessons to students and young professionals. Located in Freiburg, Germany, the company organizes events and creates accommodations for students wishing to progress their German language education.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/23/2019 via BNC Analysis

Eric Goebel, acquired Ipsé Formation Linguistique

See 79 Comparable Transactions
synopsis: Eric Goebel, a French entrepreneur, has acquired Ipsé Formation, a language learning center in France. Ipsé Formation provides language learning services and supports companies in their international development. They offer courses for learning English, German, Spanish, French, Spanish, Italian, Chinese, and Russian.
buyer: Eric Goebel
Eric Goebel is a French entrepreneur. Eric Goebel is a managing director at Cofigem, a fund management business, and Plein Horizon, a real estate company that specializes in real estate rental. "
 target: Ipsé Formation Linguistique
Ipsé Formation is a language learning center in France. Ipsé Formation provides language learning services and supports companies in their international development. They offer courses for learning English, German, Spanish, French, Spanish, Italian, Chinese, and Russian.
price ($mm)
rev ($mm)
$0
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 10/24/2018 via Company Press Release

Technicis Translation, acquired AAC Global Oy

See 182 Comparable Transactions
synopsis: The Technicis Group, the professional translation specialist, has acquired AAC Global. AAC Global helps businesses succeed by providing translation and localization services for all types of content, tailored face-to-face and digital training solutions for any learning need, and marketing content production for every channel.
buyer parent: Groupe BPCE
buyer: Technicis Translation
Technicis Translation is the leading translation agency in France, and counts among the three main players in Europe. Because of 350 global employees and a network of 7,000 specialized translators, Technicis meets the needs of companies across all industries and in any language combination. "
 target parent: Korona Invest
target: AAC Global Oy
AAC Global promotes its clients’ success in international markets by helping them to get their message through to their customers. AAC Global’s services include translation and localization services, content production for all channels, language and communication training, and interpreting services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/28/2018 via Company Press Release

EDUA Group, acquired James Cook Languages

See 81 Comparable Transactions
synopsis: EDUA Group, the leading private educational group on the Czech market, is expanding its portfolio of services through the acquisition of James Cook Languages (JCL), the largest Czech language provider of corporate language learning.
buyer: EDUA Group
EDUA Group is the largest private educational group in the Czech Republic. Its brands – Jipka, Tutor, Caledonian School, Top Vision, Digiskills, and BridgeWaterBlu – focus on lifelong learning and the development of innovations in education. "
 target: James Cook Languages
James Cook Languages (JCL) is the largest Czech language provider of corporate language learning. They developed processes, a methodology and quality which satisfies even the most demanding customer. They are a strong and stable partner providing comprehensive language services at reasonable prices.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/19/2018 via BNC Analysis

THI Investments GmbH, acquired LearnShip Networks GmbH

See 48 Comparable Transactions
synopsis: German firm THI Investments has acquired a majority stake in Learnship, a global leader in the field of digital foreign language training for corporations. Learnship provides face-to-face online language training for corporations available in 14 languages, intercultural training, and related training administration services.
buyer: THI Investments GmbH
THI Investments is a single family office founded in January 2016 after divesting an 80 year-old family business. Their goal is to invest in a diversified portfolio of financial and company assets and grow them over the long term. THI Investments are entrepreneurs, industrialists and investors. "
 target: LearnShip Networks GmbH
Learnship helps organizations across Europe and the US boost their productivity by unleashing the full potential of their employees. They provide face-to-face online language training for corporations available in 14 languages, intercultural training, and related training administration services.
price ($mm)
$12
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/28/2017 via Company Press Release

China First Capital Group Limited, will acquire SJW International Co., Limited

See 21 Comparable Transactions
synopsis: China First Capital Group Limited (“CFCG”) announced that it plans to acquire 54% of the total issued shares of SJW International Co., Limited (“SJW International”). SJW International primarily provides online English courses for adults and children, as well as online language training courses for Chinese, Japanese, Spanish, etc.
buyer: China First Capital Group Limited (SEHK:1269:$219.43)
China First Capital Group (CFCG) focuses on investment across the education industry with licenses in financial services. CFCG is actively exploring education projects and making direct investments. They also have subsidiaries which deal in securities, asset management, & corporate finance advising."
 target: SJW International Co., Limited
SJW International Co., Limited was incorporated in Korea and was the first company to offer online video English training for adults in Korea. It primarily provides online English courses for adults and children, as well as online language training courses for Chinese, Japanese, Spanish, etc.
price ($mm)
$135*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/7/2016 via Company Press Release

KERN, acquired CEF, International Education Institute, GmbH

See 181 Comparable Transactions
synopsis: KERN, a leading language service provider in the field of global language management and international communication, has acquired CEF, Austria's leading provider of language training, translation & interpretation services, specializing in courses in management, marketing and leadership and other courses for companies.
buyer: KERN
The KERN Group is headquartered in Frankfurt and is a leading language service provider in the field of global language management and international communication with over 50 offices around the world. "
 target: CEF, International Education Institute, GmbH
CEF, International Education Institute, GmbH is Austria's leading provider of language training, translation & interpretation services, specializing in courses in management, marketing and leadership and other courses for companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/17/2016 via Company Press Release

AAC Global Oy, acquired TekMil Oy

See 129 Comparable Transactions
synopsis: AAC Holding, which is owned by Korona Invest’s Palvelurahasto (Service Fund) and key personnel from AAC Global, has purchased the language, communication, and training service provider TekMiL. The AAC Holding group will now include AAC Global Oy, TekMiL Oy, and AAC Global AB in Sweden.
buyer parent: Korona Invest
buyer: AAC Global Oy
AAC Global promotes its clients’ success in international markets by helping them to get their message through to their customers. AAC Global’s services include translation and localization services, content production for all channels, language and communication training, and interpreting services."
 target: TekMil Oy
TekMiL is a language based business & culture training company founded in 2005 by Sari and Zoran Kanti-Paul in the Pirkanmaa region of Finland. They see themelves as a growth company with a solid foundation, an ideal partner for the future.
price ($mm)
rev ($mm)
$2
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 1/28/2016 via BNC Analysis

Korona Invest, acquired AAC Global Oy

See 182 Comparable Transactions
synopsis: Finland-based AAC Global announced that it was acquired by Finnish private equity firm Korona Invest. AAC Global provides language and communication training, creates content for all channels, translates and localizes, provides terminology services and knowledge-sharing solutions.
buyer: Korona Invest
Korona Invest is a Finnish private equity firm specialized in growth and buyout investments in Finnish small and medium sized enterprises. Since its founding in 2006, Korona has raised two funds, Terveysrahasto Oy and Palvelurahasto I Ky, with a total raised capital of EUR 93 million. "
 target parent: Sanoma Oyj
target: AAC Global Oy
AAC Global supports their clients’ success in international markets by helping them get their message through to their customers. They provide language and communication training, create content for all channels, translate and localize, provide terminology services and knowledge-sharing solutions.
price ($mm)
rev ($mm)
$16
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 9/9/2015 via BNC Analysis

MicroConsult, acquired Wefit Solutions

See 79 Comparable Transactions
synopsis: MicroConsult has acquired Wefit Solutions, a provider of language training with a proprietary Learning Management System. Wefit offers individual and industry-specific vocational further education in the upper price segment and focuses on teaching of functional language knowledge in combination with intercultural training and soft skills training.
buyer: MicroConsult
MicroConsult offers training for Professional Consulting, Project Support and Training. From microcontrollers to system design – clients will benefit from MicroConsult's decades of experience. Knowhow transfer tailored to meet a clients needs and project objectives. "
 target: Wefit Solutions
As one of the leading enterprises for language training, Wefit Solutions develops on-the-job training concepts which are highly individual and sector-specific. They support clients worldwide with flexible and tailored training programs.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/14/2015 via BNC Analysis

Groupe Nova Performance, acquired Formalangues

See 79 Comparable Transactions
synopsis: Nova Performance, a company that offers translation, interpretation, training and testing services, has acquired EFP Formalangues and Demos Langues from Demos Group. Formalangues is geared towards corporate clients and provides Inter, Intra and intensive courses in every language on the market.
buyer: Groupe Nova Performance
Nova Langues is the Translation and Interpretation Department of NOVA PERFORMANCE group. Since 1997, NOVA LANGUAGES offers translation and interpretation services in a number of language combinations and in various fields. "
 target parent: Demos
target: Formalangues
Formalangues is geared towards corporate clients and provides Inter, Intra and intensive courses in every language on the market. It is based in Paris, France.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/4/2013 via GlobeNewswire

Global LT, acquired Global LT

See 196 Comparable Transactions
synopsis: Lisette Poletes, CEO of Global LT, has taken over full ownership of the company. Since 2009, Hortensia Albertini, the originating owner, held 51% investment while Lisette Poletes held 49%. Global LT is a worldwide leader in Language & Cultural Training, Translation, Expatriate Destination Services and Workforce Talent Development.
buyer: Global LT
Global LT is a world renowned provider Language & Cultural Training, Translation, Expatriate Destination Services and Workforce Talent Development with representatives in Boston, Los Angeles, Phoenix, Pittsburgh, Raleigh, Hong Kong, Frankfurt, Paris, London, and Shanghai. "
 target: Global LT
Global LT is a world renowned provider Language & Cultural Training, Translation, Expatriate Destination Services and Workforce Talent Development with representatives in Boston, Los Angeles, Phoenix, Pittsburgh, Raleigh, Hong Kong, Frankfurt, Paris, London, and Shanghai.
price ($mm)
rev ($mm)
$20
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 5/21/2012 via BNC Analysis

Nippon Mirai Capital Co., Ltd., will acquire Alc Press Inc.

See 79 Comparable Transactions
synopsis: ALC Press, a listed language-focused educational service provider, has approved a tender offer from Nippon Mirai Capital and plans to go private. ALC Press provides language learning materials as well as learning courses over the internet.
buyer: Nippon Mirai Capital Co., Ltd.
Nippon Mirai Capital Co., Ltd. is an independent investment fund. They focus on growing the enterprise value of their investments and sharing the value with stakeholders. "
 target: Alc Press Inc.
ALC Press Inc. is a language-focused educational service provider. It engages in the planning, production, and sale of materials for distance learning in Japan.
price ($mm)[EV]
$35 [$46]*
rev ($mm)
$103
EBITDA ($mm)
$11
EV / rev
0.5x
EV / EBITDA
4.7x
closed 5/9/2012 via BNC Analysis

Argos Soditic S.A., acquired ASC International House SA

See 1021 Comparable Transactions
synopsis: Argos Soditic has completed the MBO of Swiss language education provider ASC International House. The investment will underpin the company's growth in Swiss Romande, where there is high demand for private education particularly among the expat community.
buyer: Argos Soditic S.A.
Argos Soditic is a private equity firm specializing in investments in management buyouts, management buyins, development capital situations, and spin-offs by large corporations and provides mezzanine financing. The firm prefers to invest in small to medium sized privately or publicly held companies."
 target: ASC International House SA
Founded in 1974 and based in Geneva, ASC International House provides language training to the general public and businesses. The firm also provides private schooling in English.
price ($mm)
rev ($mm)
$16
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 8/15/2011 via PR Newswire

Berlitz Languages, Inc., acquired Telelangue SA

See 39 Comparable Transactions
synopsis: Berlitz Corporation announced its acquisition of Telelangue SA, a global provider of language services based in Paris, France. Telelangue specializes in distance blended-learning and offers their clients custom-made phone classes and an award-winning e-learning program, supported by an advanced learning management system.
buyer parent: Benesse Corporation
buyer: Berlitz Languages, Inc. (:$0.00)
Berlitz is a global leadership training and education company with a comprehensive portfolio which adds communications skills development, global leadership training and customized dynamic solutions for cultural competency, available via multiple delivery platforms. "
 target: Telelangue SA
Telelangue is a European leader in corporate language training and a pioneer in innovative learning technologies. It has engineered a proprietary online platform technology to provide clients with language learning services that seamlessly blend phone lessons, e-learning and classroom-based courses.
price ($mm)
rev ($mm)
$35
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 2/18/2011 via BNC Analysis

Berlitz Languages, Inc., acquired Second Language Testing Inc.

See 3 Comparable Transactions
synopsis: Berlitz International, Inc.,the world's premier language services firm, providing quality language instruction, translation, and publishing services throughout the world, has purchased Second Language Testing Inc., a premier company solely focused on language test development and test translation.
buyer parent: Benesse Corporation
buyer: Berlitz Languages, Inc. (:$0.00)
Berlitz International, Inc. is the world's premier language services firm, providing quality language instruction, translation, and publishing services throughout the world. Berlitz has been providing language services for more than 120 years, with millions of alumni . "
 target: Second Language Testing Inc.
Second Language Testing Inc. ("SLTI") has filled a void in language test development for the federal government and state government agencies, for use in security, intelligence and defense work, and in the educational sector. SLTI develops language tests and language proficiency assessments.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/5/2011 via GlobeNewswire

Mount Knowledge Holdings, Inc., acquired Language Key

See 79 Comparable Transactions
synopsis: Mount Knowledge Holdings, Inc. has announced that it has completed the acquisition of Language Key Asia Ltd, a well-established business English and communication skills training holding company in Hong Kong, including its operational subsidiaries in Hong Kong and mainland China (collectively referred to as "Language Key").
buyer: Mount Knowledge Holdings, Inc. (MKHD:$0.00)
Mount Knowledge Holdings, Inc. is an educational software development, sales and training company offering innovative and proprietary "real-time self learning" software products and teaching services for both corporate and direct consumer markets worldwide. "
 target: Language Key
The Language Key is an established business English and communication skills training consultancy. The Language Key provides generic and tailored business English and communication skills courses and workshops to local and international companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/30/2008 via PR Newswire

China Education Alliance, Inc., acquired World Exchanges Inc.

See 54 Comparable Transactions
synopsis: China Education Alliance, Inc., a leading distributor of educational resources, offering high-quality programs and training both through online networks and an on-site training center in the People's Republic China, announced that it has signed an agreement to acquire and has, on the same day, closed on the acquisition of World Exchanges Inc.
buyer: China Education Alliance, Inc. (CEU:$46.27)
China Education Alliance, Inc.'s strategy is to provide high-quality online educational services including: exam preparation outside the centralized Key High Schools, vocational training for graduates and continued professional development training. "
 target: World Exchanges Inc.
World Exchanges Inc. provides English training programs in China as well as English test preparation courses and overseas study and consulting services through its five existing ''Group Entities''.
price ($mm)
$0.93*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
Pages:  
announced 7/17/2019 via BNC Analysis

Ping An Insurance Group, will acquire iTutorGroup

See 55 Comparable Transactions
synopsis: Ping An Insurance Group, one of China’s largest financial conglomerates, will acquire a majority stake in iTutorGroup, the global leader in online education. iTutorGroup provides personalized learning experiences to hundreds of thousands of students and business professionals. They offer online platforms for English and Chinese language learning.
buyer: Ping An Insurance Group (SEHK:2318:$159,378.71)
Ping An Insurance Group is one of China’s largest financial conglomerates. Ping An Insurance offers all kinds of insurance products, including travel, family, accident, corporate, health, life, and property insurance. They also offer services for loans, credit cards, and more. "
 target: iTutorGroup
iTutorGroup is the global leader in online education. iTutorGroup provides personalized learning experiences to hundreds of thousands of students and business professionals. They offer online platforms for English language learning and Chinese language learning.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/20/2019 via Company Press Release

Learnlight, acquired Arenalingua Gmbh

See 79 Comparable Transactions
synopsis: Learnlight, the global language, intercultural skills and soft skills training provider, has acquired arenalingua, a leading German language training company, as part of its European expansion strategy. The acquisition, backed by Beech Tree Private Equity and Learnlight’s management team.
buyer parent: Beech Tree Private Equity
buyer: Learnlight
Learnlight provides language and soft skills training to blue chips and international institutions across the world, using a blend of cutting-edge technology and world-class instructor-led training to equip employees with the skills they need to succeed in a complex business environment. "
 target: Arenalingua Gmbh
Arenalingua is a leading German language training company. Arenalingua offers Government-sponsored English language courses for employees in a blended learning format, German training for professionals in specialist areas such as medicine, healthcare or engineering.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/20/2019 via Company Press Release

Akademie Zeitgeist, acquired International House Freiburg

See 21 Comparable Transactions
synopsis: Sprachschule zum Ehrstein(International House Freiburg) has been acquired by Akademie Zeitgeist, a newly established German language course provider. International House Freiburg is a school that offers German language lessons to students and young professionals.
buyer: Akademie Zeitgeist
Zeitgeist is a program based out of Germany that offers German courses in Freiburg with accommodations. They offer authentic opportunities to live in either student residences or in homestays, in the best neighborhoods of Freiburg. "
 target parent: International House World Organisation
target: International House Freiburg
International House Freiburg is a school that offers German language lessons to students and young professionals. Located in Freiburg, Germany, the company organizes events and creates accommodations for students wishing to progress their German language education.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/23/2019 via BNC Analysis

Eric Goebel, acquired Ipsé Formation Linguistique

See 79 Comparable Transactions
synopsis: Eric Goebel, a French entrepreneur, has acquired Ipsé Formation, a language learning center in France. Ipsé Formation provides language learning services and supports companies in their international development. They offer courses for learning English, German, Spanish, French, Spanish, Italian, Chinese, and Russian.
buyer: Eric Goebel
Eric Goebel is a French entrepreneur. Eric Goebel is a managing director at Cofigem, a fund management business, and Plein Horizon, a real estate company that specializes in real estate rental. "
 target: Ipsé Formation Linguistique
Ipsé Formation is a language learning center in France. Ipsé Formation provides language learning services and supports companies in their international development. They offer courses for learning English, German, Spanish, French, Spanish, Italian, Chinese, and Russian.
price ($mm)
rev ($mm)
$0
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 10/24/2018 via Company Press Release

Technicis Translation, acquired AAC Global Oy

See 182 Comparable Transactions
synopsis: The Technicis Group, the professional translation specialist, has acquired AAC Global. AAC Global helps businesses succeed by providing translation and localization services for all types of content, tailored face-to-face and digital training solutions for any learning need, and marketing content production for every channel.
buyer parent: Groupe BPCE
buyer: Technicis Translation
Technicis Translation is the leading translation agency in France, and counts among the three main players in Europe. Because of 350 global employees and a network of 7,000 specialized translators, Technicis meets the needs of companies across all industries and in any language combination. "
 target parent: Korona Invest
target: AAC Global Oy
AAC Global promotes its clients’ success in international markets by helping them to get their message through to their customers. AAC Global’s services include translation and localization services, content production for all channels, language and communication training, and interpreting services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/28/2018 via Company Press Release

EDUA Group, acquired James Cook Languages

See 81 Comparable Transactions
synopsis: EDUA Group, the leading private educational group on the Czech market, is expanding its portfolio of services through the acquisition of James Cook Languages (JCL), the largest Czech language provider of corporate language learning.
buyer: EDUA Group
EDUA Group is the largest private educational group in the Czech Republic. Its brands – Jipka, Tutor, Caledonian School, Top Vision, Digiskills, and BridgeWaterBlu – focus on lifelong learning and the development of innovations in education. "
 target: James Cook Languages
James Cook Languages (JCL) is the largest Czech language provider of corporate language learning. They developed processes, a methodology and quality which satisfies even the most demanding customer. They are a strong and stable partner providing comprehensive language services at reasonable prices.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/19/2018 via BNC Analysis

THI Investments GmbH, acquired LearnShip Networks GmbH

See 48 Comparable Transactions
synopsis: German firm THI Investments has acquired a majority stake in Learnship, a global leader in the field of digital foreign language training for corporations. Learnship provides face-to-face online language training for corporations available in 14 languages, intercultural training, and related training administration services.
buyer: THI Investments GmbH
THI Investments is a single family office founded in January 2016 after divesting an 80 year-old family business. Their goal is to invest in a diversified portfolio of financial and company assets and grow them over the long term. THI Investments are entrepreneurs, industrialists and investors. "
 target: LearnShip Networks GmbH
Learnship helps organizations across Europe and the US boost their productivity by unleashing the full potential of their employees. They provide face-to-face online language training for corporations available in 14 languages, intercultural training, and related training administration services.
price ($mm)
$12
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/28/2017 via Company Press Release

China First Capital Group Limited, will acquire SJW International Co., Limited

See 21 Comparable Transactions
synopsis: China First Capital Group Limited (“CFCG”) announced that it plans to acquire 54% of the total issued shares of SJW International Co., Limited (“SJW International”). SJW International primarily provides online English courses for adults and children, as well as online language training courses for Chinese, Japanese, Spanish, etc.
buyer: China First Capital Group Limited (SEHK:1269:$219.43)
China First Capital Group (CFCG) focuses on investment across the education industry with licenses in financial services. CFCG is actively exploring education projects and making direct investments. They also have subsidiaries which deal in securities, asset management, & corporate finance advising."
 target: SJW International Co., Limited
SJW International Co., Limited was incorporated in Korea and was the first company to offer online video English training for adults in Korea. It primarily provides online English courses for adults and children, as well as online language training courses for Chinese, Japanese, Spanish, etc.
price ($mm)
$135*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/7/2016 via Company Press Release

KERN, acquired CEF, International Education Institute, GmbH

See 181 Comparable Transactions
synopsis: KERN, a leading language service provider in the field of global language management and international communication, has acquired CEF, Austria's leading provider of language training, translation & interpretation services, specializing in courses in management, marketing and leadership and other courses for companies.
buyer: KERN
The KERN Group is headquartered in Frankfurt and is a leading language service provider in the field of global language management and international communication with over 50 offices around the world. "
 target: CEF, International Education Institute, GmbH
CEF, International Education Institute, GmbH is Austria's leading provider of language training, translation & interpretation services, specializing in courses in management, marketing and leadership and other courses for companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/17/2016 via Company Press Release

AAC Global Oy, acquired TekMil Oy

See 129 Comparable Transactions
synopsis: AAC Holding, which is owned by Korona Invest’s Palvelurahasto (Service Fund) and key personnel from AAC Global, has purchased the language, communication, and training service provider TekMiL. The AAC Holding group will now include AAC Global Oy, TekMiL Oy, and AAC Global AB in Sweden.
buyer parent: Korona Invest
buyer: AAC Global Oy
AAC Global promotes its clients’ success in international markets by helping them to get their message through to their customers. AAC Global’s services include translation and localization services, content production for all channels, language and communication training, and interpreting services."
 target: TekMil Oy
TekMiL is a language based business & culture training company founded in 2005 by Sari and Zoran Kanti-Paul in the Pirkanmaa region of Finland. They see themelves as a growth company with a solid foundation, an ideal partner for the future.
price ($mm)
rev ($mm)
$2
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 1/28/2016 via BNC Analysis

Korona Invest, acquired AAC Global Oy

See 182 Comparable Transactions
synopsis: Finland-based AAC Global announced that it was acquired by Finnish private equity firm Korona Invest. AAC Global provides language and communication training, creates content for all channels, translates and localizes, provides terminology services and knowledge-sharing solutions.
buyer: Korona Invest
Korona Invest is a Finnish private equity firm specialized in growth and buyout investments in Finnish small and medium sized enterprises. Since its founding in 2006, Korona has raised two funds, Terveysrahasto Oy and Palvelurahasto I Ky, with a total raised capital of EUR 93 million. "
 target parent: Sanoma Oyj
target: AAC Global Oy
AAC Global supports their clients’ success in international markets by helping them get their message through to their customers. They provide language and communication training, create content for all channels, translate and localize, provide terminology services and knowledge-sharing solutions.
price ($mm)
rev ($mm)
$16
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 9/9/2015 via BNC Analysis

MicroConsult, acquired Wefit Solutions

See 79 Comparable Transactions
synopsis: MicroConsult has acquired Wefit Solutions, a provider of language training with a proprietary Learning Management System. Wefit offers individual and industry-specific vocational further education in the upper price segment and focuses on teaching of functional language knowledge in combination with intercultural training and soft skills training.
buyer: MicroConsult
MicroConsult offers training for Professional Consulting, Project Support and Training. From microcontrollers to system design – clients will benefit from MicroConsult's decades of experience. Knowhow transfer tailored to meet a clients needs and project objectives. "
 target: Wefit Solutions
As one of the leading enterprises for language training, Wefit Solutions develops on-the-job training concepts which are highly individual and sector-specific. They support clients worldwide with flexible and tailored training programs.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/14/2015 via BNC Analysis

Groupe Nova Performance, acquired Formalangues

See 79 Comparable Transactions
synopsis: Nova Performance, a company that offers translation, interpretation, training and testing services, has acquired EFP Formalangues and Demos Langues from Demos Group. Formalangues is geared towards corporate clients and provides Inter, Intra and intensive courses in every language on the market.
buyer: Groupe Nova Performance
Nova Langues is the Translation and Interpretation Department of NOVA PERFORMANCE group. Since 1997, NOVA LANGUAGES offers translation and interpretation services in a number of language combinations and in various fields. "
 target parent: Demos
target: Formalangues
Formalangues is geared towards corporate clients and provides Inter, Intra and intensive courses in every language on the market. It is based in Paris, France.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/4/2013 via GlobeNewswire

Global LT, acquired Global LT

See 196 Comparable Transactions
synopsis: Lisette Poletes, CEO of Global LT, has taken over full ownership of the company. Since 2009, Hortensia Albertini, the originating owner, held 51% investment while Lisette Poletes held 49%. Global LT is a worldwide leader in Language & Cultural Training, Translation, Expatriate Destination Services and Workforce Talent Development.
buyer: Global LT
Global LT is a world renowned provider Language & Cultural Training, Translation, Expatriate Destination Services and Workforce Talent Development with representatives in Boston, Los Angeles, Phoenix, Pittsburgh, Raleigh, Hong Kong, Frankfurt, Paris, London, and Shanghai. "
 target: Global LT
Global LT is a world renowned provider Language & Cultural Training, Translation, Expatriate Destination Services and Workforce Talent Development with representatives in Boston, Los Angeles, Phoenix, Pittsburgh, Raleigh, Hong Kong, Frankfurt, Paris, London, and Shanghai.
price ($mm)
rev ($mm)
$20
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 5/21/2012 via BNC Analysis

Nippon Mirai Capital Co., Ltd., will acquire Alc Press Inc.

See 79 Comparable Transactions
synopsis: ALC Press, a listed language-focused educational service provider, has approved a tender offer from Nippon Mirai Capital and plans to go private. ALC Press provides language learning materials as well as learning courses over the internet.
buyer: Nippon Mirai Capital Co., Ltd.
Nippon Mirai Capital Co., Ltd. is an independent investment fund. They focus on growing the enterprise value of their investments and sharing the value with stakeholders. "
 target: Alc Press Inc.
ALC Press Inc. is a language-focused educational service provider. It engages in the planning, production, and sale of materials for distance learning in Japan.
price ($mm)[EV]
$35 [$46]*
rev ($mm)
$103
EBITDA ($mm)
$11
EV / rev
0.5x
EV / EBITDA
4.7x
closed 5/9/2012 via BNC Analysis

Argos Soditic S.A., acquired ASC International House SA

See 1021 Comparable Transactions
synopsis: Argos Soditic has completed the MBO of Swiss language education provider ASC International House. The investment will underpin the company's growth in Swiss Romande, where there is high demand for private education particularly among the expat community.
buyer: Argos Soditic S.A.
Argos Soditic is a private equity firm specializing in investments in management buyouts, management buyins, development capital situations, and spin-offs by large corporations and provides mezzanine financing. The firm prefers to invest in small to medium sized privately or publicly held companies."
 target: ASC International House SA
Founded in 1974 and based in Geneva, ASC International House provides language training to the general public and businesses. The firm also provides private schooling in English.
price ($mm)
rev ($mm)
$16
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 8/15/2011 via PR Newswire

Berlitz Languages, Inc., acquired Telelangue SA

See 39 Comparable Transactions
synopsis: Berlitz Corporation announced its acquisition of Telelangue SA, a global provider of language services based in Paris, France. Telelangue specializes in distance blended-learning and offers their clients custom-made phone classes and an award-winning e-learning program, supported by an advanced learning management system.
buyer parent: Benesse Corporation
buyer: Berlitz Languages, Inc. (:$0.00)
Berlitz is a global leadership training and education company with a comprehensive portfolio which adds communications skills development, global leadership training and customized dynamic solutions for cultural competency, available via multiple delivery platforms. "
 target: Telelangue SA
Telelangue is a European leader in corporate language training and a pioneer in innovative learning technologies. It has engineered a proprietary online platform technology to provide clients with language learning services that seamlessly blend phone lessons, e-learning and classroom-based courses.
price ($mm)
rev ($mm)
$35
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 2/18/2011 via BNC Analysis

Berlitz Languages, Inc., acquired Second Language Testing Inc.

See 3 Comparable Transactions
synopsis: Berlitz International, Inc.,the world's premier language services firm, providing quality language instruction, translation, and publishing services throughout the world, has purchased Second Language Testing Inc., a premier company solely focused on language test development and test translation.
buyer parent: Benesse Corporation
buyer: Berlitz Languages, Inc. (:$0.00)
Berlitz International, Inc. is the world's premier language services firm, providing quality language instruction, translation, and publishing services throughout the world. Berlitz has been providing language services for more than 120 years, with millions of alumni . "
 target: Second Language Testing Inc.
Second Language Testing Inc. ("SLTI") has filled a void in language test development for the federal government and state government agencies, for use in security, intelligence and defense work, and in the educational sector. SLTI develops language tests and language proficiency assessments.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/5/2011 via GlobeNewswire

Mount Knowledge Holdings, Inc., acquired Language Key

See 79 Comparable Transactions
synopsis: Mount Knowledge Holdings, Inc. has announced that it has completed the acquisition of Language Key Asia Ltd, a well-established business English and communication skills training holding company in Hong Kong, including its operational subsidiaries in Hong Kong and mainland China (collectively referred to as "Language Key").
buyer: Mount Knowledge Holdings, Inc. (MKHD:$0.00)
Mount Knowledge Holdings, Inc. is an educational software development, sales and training company offering innovative and proprietary "real-time self learning" software products and teaching services for both corporate and direct consumer markets worldwide. "
 target: Language Key
The Language Key is an established business English and communication skills training consultancy. The Language Key provides generic and tailored business English and communication skills courses and workshops to local and international companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/30/2008 via PR Newswire

China Education Alliance, Inc., acquired World Exchanges Inc.

See 54 Comparable Transactions
synopsis: China Education Alliance, Inc., a leading distributor of educational resources, offering high-quality programs and training both through online networks and an on-site training center in the People's Republic China, announced that it has signed an agreement to acquire and has, on the same day, closed on the acquisition of World Exchanges Inc.
buyer: China Education Alliance, Inc. (CEU:$46.27)
China Education Alliance, Inc.'s strategy is to provide high-quality online educational services including: exam preparation outside the centralized Key High Schools, vocational training for graduates and continued professional development training. "
 target: World Exchanges Inc.
World Exchanges Inc. provides English training programs in China as well as English test preparation courses and overseas study and consulting services through its five existing ''Group Entities''.
price ($mm)
$0.93*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
Pages:  

By Berlitz Languages, Inc.


read more

Telelangue SA

Second Language Testing Inc.

read more

iTutorGroup

Arenalingua Gmbh

International House Freiburg

Ipsé Formation Linguistique

AAC Global Oy

James Cook Languages

LearnShip Networks GmbH

SJW International Co., Limited

CEF, International Education Institute, GmbH

TekMil Oy

AAC Global Oy

Wefit Solutions

Formalangues

Global LT

Alc Press Inc.

ASC International House SA

Telelangue SA

Second Language Testing Inc.

Language Key

World Exchanges Inc.

Pages:  
read more

iTutorGroup

Arenalingua Gmbh

International House Freiburg

Ipsé Formation Linguistique

AAC Global Oy

James Cook Languages

LearnShip Networks GmbH

SJW International Co., Limited

CEF, International Education Institute, GmbH

TekMil Oy

AAC Global Oy

Wefit Solutions

Formalangues

Global LT

Alc Press Inc.

ASC International House SA

Telelangue SA

Second Language Testing Inc.

Language Key

World Exchanges Inc.

Pages:  
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