Paris, 12th October 2017 – Skill and You, an education company backed by leading investors including Jolt Capital, have announced the acquisition of Educatel, further consolidating its position as the French market leader with more than 100,000 students.
Since participating to the €21m financing of Skill and You’s expansion in 2016, Jolt Capital has supported its growth strategy, to the point that it now offers more than 200 trainings via its online platform, with further growth in the number of courses and students expected.
By amalgamating with Educatel – a company with a 60-year track record in distance learning that is renowned for high-quality and efficacy – Skill and You will harness the best of both companies, unlocking new synergies.
This acquisition will allow the enhanced Skill and You to broaden its offering to prospective students with new training courses, particularly in more specialized fields such as; mechanics, personal development, dietetics, animal psychology, etc.
Each year, Skill and You is enabling thousands of students to acquire the operational skills required to attain a fulfilling job, via a catalogue of customized training plans that are designed with the demands of employers in mind. In this growing market, Internet education is enabling everyone to pursue their potential and attain practical career specific knowledge, all without the regular constraints of geography and rigid schedules.
Jean Schmitt, Managing Partner of Jolt Capital, commented, “Jolt Capital believes that accelerated growth and increased market share also require a targeted acquisition strategy, and the latest deal by Skill and You is a perfect example of this. Over the last four years, Jolt have led or assisted our portfolio companies on more than 20 M&A transactions worldwide, with no failure to date.”
Eric Petco, CEO of the Skill and You added, “Educatel is already providing Skill and You with both a new dimension of learning and dynamism of delivery as we seek to improve our student’s career prospects, instilling them with greater competence and confidence. This is all made possible by the similarity of our target audiences and the complementarity of our offerings, and is thus is likely to significantly boost growth.”
- About Jolt Capital
Jolt Capital SAS is an independent Private Equity firm investing in fast growing, profitable, globally-oriented technology companies of European origin, with revenues between €10m and €100m. Jolt Capital has invested in and catalysed various champion technology companies, including Heptagon (now part of SIX:AMS), Inside Secure (EUR:INSD), Fogale Nanotech, Alpha Mos (EUR:ALM), Blackwood Seven and Skill and You. Jolt Capital is currently managing an excess of €130m. The firm is authorized and regulated by the AMF. For more information, consult www.jolt-capital.com.
- About Skill and You
Skill and You is the leading provider of vocational e-learning in France with its commitments to innovation and professionalism. Employment is a major issue today, and Skill and You is positioned to deliver to learners real results and qualifications (BAC PRO, BEP, BP, BTS, CAP) via our effective pedagogy and adaptable learning technology. Leveraging our group’s experiences and deep knowledge, we’ve built a strong track record of successful schools across sectors, empowering learners to change their lives. For more information, consult https://group.skillandyou.com