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Eurazeo today announced the completion of the acquisition from Laureate Education Inc. of the Swiss hotel management schools Glion Institute of Higher Education (“Glion”) and Les Roches International School of Hotel Management (“Les Roches”) and their interests in affiliated campuses and partners (Glion London, Les Roches Marbella, Les Roches Jin Jiang, the Royal Academy of Culinary Arts in Jordan and Les Roches Chicago).
This transfer of ownership has been approved by the university accreditation authority the New England Association for Schools and Colleges (NEASC).
For Eurazeo, this transaction represents an investment of  million Swiss francs for outright ownership of the new group. Furthermore, an acquisition debt of 170 million Swiss francs was raised with ICG.
Eurazeo’s aim is to create an independent and efficient group and equip both institutions and all their campuses with the necessary resources for their continued development as market leading institutions while preserving their heritage, culture, international ambition and educational autonomy. Laureate Education will support the transition to Eurazeo in a concerted manner over the next 12 months.
With a diversified portfolio of 5 billion euros in assets, Eurazeo is one of the leading listed investment companies in Europe. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. The Company covers most private equity segments through its four business divisions – Eurazeo Capital, Eurazeo Croissance, Eurazeo PME and Eurazeo Patrimoine. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. Eurazeo is notably either a majority or key shareholder in AccorHotels, ANF Immobilier, Asmodee, Desigual, Elis, Europcar, Fintrax, Foncia, InVivo NSA, Les Petits Chaperons Rouges, Moncler, and smaller companies, including the investments of Eurazeo PME and Eurazeo Croissance.
Eurazeo is listed on Euronext Paris.
ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA