Novax sells its minority stake in Educations Media Group to Verdane Capital
Founded in 2001 by Fredrik Söderlindh, Magnus Obel and Marcus Boström, Educations Media Group (EMG) is a Nordic market-leading education search provider, and is virtually the only company of its kind operating globally.
EMG offers both national and international websites, its mission being to help education providers reach their target audience and recruit more students.
Their services cover the entire education spectrum, from high school, undergrad, postgrad and MBA programs to professional development, corporate training and leisure courses.
The digitisation of the education industries, a growing need of re-training the global workforce to cope with technological advancement, coupled with increased competition among education providers, means that there are significant opportunities for EMG. With support from Verdane, a leading Nordic investor with significant experience and knowledge within the consumer internet space, the company is set to accelerate its growth, fortify its market-leading positions further and capitalise on many opportunities going forward.
The group, which has achieved profitable growth for 18 consecutive years, is expected to grow its revenues by 30% in 2019 to c.SEK 270m.
All operational founders will reinvest together with Verdane (who are acquiring a 28% stake), indicating their strong belief in the company.
“Stella EOC were instrumental in making the transaction materialise. They provided highly professional financial advice throughout the process and backed it all up with very deep industry networks and excellent intermediary skills.”