Liber Hermods

MBO of Liber Hermods by Management &
Catella Investments

January 2008

Liber Hermods: Educated over 4 million people since foundation in 1898

“Stella EOC worked closely with us and prepared the case in order to secure the equity sponsor and the debt provider as well as assisted in the offer that we put to Bridgepoint. We are very happy with the process and the terms, and that Catella is now our major shareholder.”

Keith Fransson, CEO of Liber Hermods

Founded

1898

Employees

200

Serving students per year

5,000+

Revenues

SEK 100m

Headquarters

Stockholm, Sweden

Supplying half of Sweden’s municipalities

More than 4 million people have been educated by Liber Hermods since it started operating in 1898. Still a large provider of education, the Company supplies half of Sweden’s municipalities, offering both academic and practical programs.

Employing 200 staff in 10 Swedish cities (HQ in Stockholm), Liber Hermods offers 150 courses in traditional classroom settings and through e-learning on secondary school level. It also operates several schools and was the first private Swedish operator to set grades in 1958. Moreover, the Company provides courses in Swedish for new immigrants.

Management and Catella Investments new owners

100% of the capital of Liber Hermods was acquired in a management buyout transaction, backed by Strukturfonden II, a private equity fund of Catella Investments.

Seller was the Netherlands-based Infinitas Learning, previously the Education Division of Wolters Kluwer, which had been acquired by UK-based private equity company Bridgepoint Capital in 2007.

Under the terms, Catella Investments acquired a 75% stake whereas the remaining 25% will be held by the Company’s management. The transaction will enable Liber Hermods to enter into new business areas such as independent schools and advanced vocational education, which further strengthen its position in Sweden.


Stella EOC acted as sole advisor to the seller.