Renzenbrink & Partner advises Studienkreis on the acquisition of LernQuadrat
12. December 2018The Studienkreis Group, one of the largest providers of tutoring services in Germany, has acquired the Austrian tutoring provider LernQuadrat. The transaction has already been completed.
With around 80 locations and 2,000 teachers, LernQuadrat is one of the two market leaders in institutional tutoring in Austria. The tutoring services include both individual and group tutoring for all age groups and in all subjects.
Renzenbrink & Partner had advised funds advised by IK Investment Partners on the acquisition of Studienkreis from Aurelius at the end of 2017. The Studienkreis Group has now also entrusted the law firm with coordinating and advising on the first add-on acquisition.
The Renzenbrink & Partner team consisted of partners Dr. Dennis Schlottmann, Dr. Ulf Renzenbrink (both Corporate/Private Equity), Marc H. Kotyrba (Tax) as well as associates Dr. Niels Maier, Dr. Alexander Haunschild (both Corporate/Private Equity) and Dr. Florian Seitz (Tax).
The Viennese law firms Barnert Egermann Illigasch (corporate) and Aigner Buzanich (tax law) were called in to advise on Austrian law.