Renzenbrink & Partner advises IK Partners on the sale of Studienkreis to GoStudentschaften (the “CTMT Group”).
2. December 2022Renzenbrink & Partner has advised IK Small Cap I Funds (“IK”) on the conclusion of an agreement to sell its stake in the Studienkreis Group to GoStudent. Renzenbrink & Partner had already advised IK on its entry into the Studienkreis Group at the end of 2017 and the acquisition of LernQuadrat.
Founded in 1974, the Studienkreis Group is the leading commercial provider of offline tutoring in Germany and German-speaking countries with more than 1,000 learning centers. Since the entry of IK, the Studienkreis Group has expanded into Austria through the acquisition of LernQuadrat in 2018 and strengthened its market-leading position in German-speaking countries by increasing brand awareness and offering high-quality tutoring services.
GoStudent – founded in 2016 – is Europe’s leading EdTech company and one of the largest online tutoring providers in the world. It employs 1,600 people and works with more than 23,000 independent tutors worldwide.
The Renzenbrink & Partner team consisted of partners Dr. Ulf Renzenbrink (Corporate/PE) and Marc H. Kotyrba (Tax/PE) as well as senior associates Dr. Alexander Haunschild (Corporate/PE) and Dr. Toufic Schilling (Tax/PE).