June 24, 2016
Willkie advised Eurazeo on the financing aspects of its acquisition of Glion Institute of Higher Education and Les Roches International School of Hotel Management.
On June 15, Eurazeo announced that it has completed the acquisition, from Laureate Education, Inc., of Swiss hotel management schools Glion Institute of Higher Education (“Glion”) and Les Roches International School of Hotel Management (“Les Roches”). The acquisition includes their interests in affiliated campuses and partners. Willkie represented Eurazeo on the financing aspects of the acquisition, which is valued at 380 million Swiss francs (approximately $393 million).
Glion and Les Roches rank among the top three hospitality management schools in the world for preparing students for an international career (TNS Survey). Glion has a combined total of more than 2,000 students on its campuses in Switzerland and the UK, as well as online, while Les Roches has a combined total of more than 2,900 students on its campuses in Switzerland, Spain, Jordan, and China. Both institutions are U.S.-accredited by the New England Association of Schools and Colleges (NEASC).
With a diversified portfolio of €5 billion in assets, Eurazeo is one of the leading listed investment companies in Europe.
The deal was handled by partner Paul Lombard and associates Igor Kukhta and Mathilde de Wiljes.
