Providence Equity Partners, a leading private equity firm, has announced an agreement to divest part of its stake in Globeducate to Wendel, a prominent European investment firm. This strategic move aims to support Globeducate’s next phase of growth, with Providence and Wendel each holding approximately 50% of the international K-12 education group. Since Providence’s investment in 2017, Globeducate has experienced significant growth, expanding from 21 schools to 65 and increasing its student body from 11,000 to over 40,000 across 11 countries. The transaction, expected to complete in the second half of 2024, will allow Globeducate to further extend its reach and enhance its facilities. Wendel’s expertise in the education sector and its strategic focus on long-term growth complements Providence’s vision for Globeducate. Both partners are committed to delivering high-quality education and student care, ensuring students are well-prepared for future academic success and global citizenship.

Education, Private Equity,Europe, North America

https://www.provequity.com/news/providence-welcomes-wendel-partner-support-globeducate-through-next-phase-growth