Paris-based venture capital and private equity firm Capza has realised the first investment of its Capza 5 Flex Equity fund by acquiring a majority stake in IMF, an online business school in Spain.

The founders of IMF, Carlos Martínez and Ana Belén Arcones, will keep a substantial minority stake in the company while Capza plans to develop IMF Business School by widening its educational offering and boosting its international expansion.

Founded in Madrid more than 20 years ago and with 125,000 alumni, IMF Business School was an online education pioneer in Spain and is a leading company in the online masters’ segment. It offers more than 130 courses in areas such as management, technology and healthcare. Its most popular courses include the master in Big Data and business analytics, the master in marketing and digital communication, the MBA, or the master in neuropsychology, multiple intelligences and mindfulness. The school states that its courses are developed together with industry experts, universities and specialised entities.

To support its online training, IMF has a network of partner campuses throughout Spain, in addition to delegations in Ecuador and Colombia. IMF also offers business-to-business training services to corporates, vocational training, university expert courses and university degrees.

José Tomas Moliner, head of Capza in Spain, said: “With Capza’s support, IMF intends to implement an ambitious growth plan that involves expanding its academic offering and further internationalising the group, mainly in Latin America where IMF is already a prominent player.

Martínez added: “The alliance with Capza will reinforce our international expansion plans. Capza’s experience in the education segment and its geographic coverage make it a fantastic partner and companion.”
Arcones said: “There is a perfect symbiosis between Capza and us, as we share the common goal to keep investing in IMF’s development in order to offer our students a top-quality and updated education, helping to reduce the gap between skills demand from employers and labour market’s offer. We are fully confident in the success that this partnership will bring to IMF.”

Date published: 24 September 2020

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