Renzenbrink & Partner advises IK Partners on the sale of Studienkreis to GoStudent
2 December 2022
Renzenbrink & Partner advised IK Small Cap I Funds (“IK”) on an agreement to sell its stake in Studienkreis Group to GoStudent. Renzenbrink & Partner had already advised IK on its entry as a shareholder in the Studienkreis Group at the end of 2017 and the subsequent add-on acquisition LernQuadrat.
Established in 1974, Studienkreis Group is the leading commercial provider of offline tutoring in Germany and the German-speaking countries with more than 1,000 learning centers. Since the entry of IK, Studienkreis Group expanded into Austria by acquiring LernQuadrat in 2018 and strengthened its market-leading position in the Dach region by increasing brand awareness and offering high-quality tutoring services.
GoStudent – established 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), Marc H. Kotyrba (Tax/PE) and senior associates Dr. Alexander Haunschild (Corporate/PE) and Dr. Toufic Schilling (Tax/PE).