Squla, a portfolio company of private equity firm Levine Leichtman Capital Partners (LLCP), has acquired Scoyo, an online-learning platform geared at primary and secondary school students in Germany.
Based in the Netherlands, Squla providers interactive educational tools to pupils there and in Belgium and Poland.
Its acquisition of Scoyo marks a continuation of Squla’s international expansion, US-based LLCP said in a statement, adding that the takeover will bring with it seven million “potential” users in Germany.
Serge Bueters, chief executive of Squla, said: “By acquiring Scoyo, we are now able to offer our products to millions of children in the German market, and the free use of Scoyo in the classroom strongly resonates with our mission of giving every child the opportunity to grow.”
Wouter Snoeijers, managing director Benelux at LLCP, said: “We believe this acquisition opens up a very large and fast-growing market for the company.”
In June, LLCP bought Belgium-based e-learning provider SiPM, which providers training to staff working within supply chains to more than 200 blue-chip organisations, bolstering its European education and training portfolio.
In July, this publication reported exclusively that LLCP was in a three-horse race to acquire a minority stake in an entity that will be formed by a merger of two UK-based management information system providers, Arbor Education and The Key. However, sources have informed this publication that LLCP has since dropped out of this process.
LLCP also owns UK-based assessment provider GL Education, and used to own Mander Portman Woodward, a string of private sixth form colleges in London that it sold to training provider Kaplan in 2015.
Date published: 3 September 2020