Paris-based private equity house Ardian has acquired a majority stake in AD Education alongside Kevin Guenegan, founder and chief executive of the group as well as the management team.
Founded in 2009, AD Education is a European higher education platform in the field of creative arts, teaching more than 15,000 students in 12 schools on 36 campuses in France, Italy, Spain and Germany. The company covers four main subsegments: design and graphical arts, media and digital, audiovisual and culture and luxury.
Over the past 10 years, AD Education has grown organically as well as through acquisitions in Italy, Spain and Germany.
Ardian stated it will support Guenegan and the management team in accelerating organic and external growth as well as reinforcing its geographical diversification strategy.
Guenegan said: “On behalf of all AD Education employees, I would like to welcome Ardian to this chapter that marks a new momentum for our company. We are very pleased with this agreement and partnership. With its financial and strategic resources, Ardian will enable AD Education to continue its development in line with the group’s values and its vision of education in creative arts, to pursue the consolidation of the different European markets, to invest in innovative programmes and digital solutions to meet the needs and new trends and expectations of parents and students, while fully addressing the environmental, social and societal challenges of our societies.”
Emmanuel Miquel, managing director in the Ardian Buyout team, said: “With their renowned expertise in creative arts, Kevin Guenegan and his team have created a first-class European platform and enabled the company to experience remarkable growth, offering coherent and innovative courses adapted to today’s challenges. We are very proud to become AD Education’s partner in the next phase of its story and to accompany them in their growth strategy and international development.”
Date published: 23 December 2020