Global law firm White & Case LLP has advised Providence Equity Partners (Providence) on its sale of a 50 percent stake in Globeducate to Wendel, a French investment company.
"This is the latest in a number of significant deals on which we have advised Providence," said White & Case partner Richard Jones, who led the Firm's deal team. "It is another example of our capabilities advising on high value, cross-border transactions."
Providence, a Globeducate shareholder since 2017, will retain its remaining 50 percent stake alongside Wendel, which will invest approximately €625 million. The transaction is expected to complete in the second half of 2024, pending customary regulatory approvals.
Founded in 1972 in Spain, Globeducate provides primary and secondary education through a network of 65 premium bilingual and international schools, as well as online programs, across 11 countries primarily in Europe.
The White & Case team which advised on the transaction was led by partner Richard Jones and counsel Joshua Alexander-Passe (both London) and included partners Will Smith (London), Strati Sakellariou-Witt (Brussels) Orion Berg, Xavier Petet (both Paris), Javier Monzon, Carlos Daroca (both Madrid) and Caitlin Powell Gimpel (New York) and associates Valeriya Anopchenko, Hanna Gaffar, Holly Cook, Serena Howard, Elena Ruggiu (all London), Tommaso Poli (Brussels, Milan), Mia Monas (Brussels), Valentin Morichon, Gregoire Berger, Anais Eudes (all Paris), Lucia Quiroga and Leticia Calbacho (both Madrid).
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