To diversify its portfolio, Wendel acquired the Spanish group Globeducate, which houses around sixty bilingual private schools, from nursery to secondary schools. His boss explains to Le Figaro.
In the midst of political and economic instability in France, as in many democracies around the world, Wendel is taking refuge in assets less exposed to the economic situation. The investment company, listed on Euronext Paris, is acquiring the Spanish-based group Globeducate, which is home to more than sixty bilingual private schools around the world, from France to India, via Italy and Cyprus, and which brings together 4,000 teachers.
“Private education, from nursery to secondary education, represents a stable value, whose growth is not linked to economic cycles, which are sometimes troubled,” confides Laurent Mignon, Chairman of the Wendel Management Board, to Le Figaro. There were few files of this quality in this sector, which interests us very much” In France, where Globeducate owns 11 schools including EIB Paris and the British International School, tuition fees in these establishments amount to several thousand euros. Enough to ensure…
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