Parquest acquires a stake in Eduservices group
Eduservices opens its capital to two new partners and confirms its ambition of being a leading player in France’s private higher education market
Already a French leader on private higher and technical education, Eduservices has reinforced its position with the entry of two new financial partners within its capital. Driven by a common project, Parquest Capital – a reputed actor of French capital investment – and Amundi Private Equity Funds – a subsidiary of Europe’s #1 asset management firm – take over from Capzanine as minority investors. They both provide Eduservices with significant means, allowing the group to pursue its ambitious development strategy.
Founded in 2010 by Philippe Grassaud, Eduservices has known a dynamic growth during the past few years, mostly based on its important portfolio of RNCP titles, its nationally-reputed brands and its wide geographical footprint (25 cities in France). As of today, Eduservices gathers more than 19,000 students and 2,000 employees, for a €115m turnover.
Eduservices trains its students for various careers in business, management, communication, hospitality, tourism, beauty, digital, all taught within its different schools such as Ipac Bachelor Factory, ISCOM, MBway, My Digital School, Pigier Création, Pigier Performance, Ecole Internationale Tunon and Win. The group is positioned on the job-training market segment and offers a multidisciplinary education, from pre-baccalaureate to baccalaureate +5, in both initial and work-linked training.
Capzanine is financing the operation, hence confirming its support to the Grassaud family that it had accompanied since 2016 as a minority shareholder.
With the arrival of its two new partners, Eduservices aims at pursuing the development of its historical activities, especially in work-linked training, as well as deploying new activities in accordance with market expectations (employability, digitalization, etc.), through internal and external growth.
Philippe Grassaud, president and majority shareholder of Eduservices declares:
“With the arrival of two reputed strategic partners and a renewed shareholding structure, Eduservices takes it to the next level and has now reinforced means to accelerate the execution of its growth strategy. The presence of major sponsors is important as it gives us the means to pursue Eduservices’ dynamic internal and external development. Most of all, we value that they truly respect human principles, Eduservices’ culture, the undertaken projects and management team’s actions. Our shared ambition is to reinforce Eduservices’ position as a French leader in private higher education.”
Denis Le Chevallier, managing partner at Parquest Capital, adds:
“We have full confidence in Eduservices’ development project, led by its historical shareholders and its management team. It comes within the continuity of its recent performances and shows real acceleration opportunities at the same time, in a dynamic and changing market.”
Christophe Karvelis, president of Capzanine, also comments:
“We are deeply convinced that Eduservices will keep growing in the upcoming years, thanks to its national footprint and its expertise in work-linked training, which development remains very needed in France.”