AcadeMedia AB is growing in Germany, acquires preschool company Stepke
Through the acquisition AcadeMedia adds seven preschools and three mobile preschools to its German operations. Post the acquisition, AcadeMedia’s German operations comprise 17 preschools of which 3 mobile preschools. Almost 1,100 children attend the 17 preschools. Stepke also brings a secured pipeline of eight new preschools to be started over the coming 18 months.
The purchase price for the shares in Stepke is set to 8.15 million euros, of which 3.0 million euros is paid in AcadeMedia shares. In addition, an earn-out of up to 4.0 million euros may be paid depending on the financial outcome for the calendar years 2018 and 2019. The valuation reflects both the value of the preschools that are already operated by Stepke, but also the large number of secured new starts that the acquisition adds.
MAQS’ team mainly consisted of lead partner Jens André and associate Pauline Maarup.
For more information, please contact: Jens André, MAQS, Tel +46 734 17 62 14 , E-mail: email@example.com