Adam Street Advisers is pleased to announce that it has advised the shareholders of Eurocentres Global Language Learning on the sale of the entire issued share capital to Bayswater Education.
Eurocentres has been a leading name in the international language education space for over 70 years. The company operates a network of schools in the UK and France and has a global network of franchise and partner schools. Their educational services are offered through in-person and online quality language programmes and Exam Testing Centres, completed by thousands of students every year.
This is the second transaction Adam Street has advised on in the Language School space in the past 18 months. Adam Street previously advised InTuition Languages on a cross-border sale to Hong Kong-based Providentia Education. In recent times the sector has experienced strong levels of capital investment and increased interest from consolidators.
Andrew Barnsley of Adam Street Advisers, said of the deal
“It has been an incredibly difficult year for most businesses especially those reliant on people traveling to the United Kingdom for education. As one of the leading corporate finance advisers to owners of education businesses, we were able to quickly leverage our network of investors and acquirers, ensuring an excellent outcome for our client in what is a landmark transaction for the language travel sector.”