Exit for IK Partners: Studienkreis management sells to GoStudent
Munich/ Bochum — Vienna-based tutoring platform GoStudent has acquired Studienkreis, the leading location-based tutoring company in the DACH region. The seller was the private equity firm IK Partners. No information is available on the purchase price. Studienkreis will continue to operate independently under its current management team, while the two companies aim to identify synergies over time. POELLATH advised the management of Studienkreis in the context of the sale.
GoStudent is one of the largest online tutoring providers in the world. The transaction both accelerates the company’s strategy of combining the best of the online and offline worlds to give people access to quality education through technology and firmly positions GoStudent at the forefront of the morning, afternoon and content education market.
Studienkreis is Germany’s leading tutoring company and serves 125,000 families in the DACH region every year. The company owns over 1,000 learning centers across Germany and has been a pioneer in online learning since 2012. Studienkreis has been owned by IK since 2017. In 2018, Studienkreis expanded into Austria through the acquisition of LernQuadrat and strengthened its market-leading position in the DACH region through increased brand awareness and the provision of high-quality tutoring services. By combining offline tutoring with online services as well as digital tools developed in-house, Studienkreis shares the vision of developing a blended learning experience.
Munich partner Dr. Barbara Koch-Schulte provided comprehensive legal and tax advice to the management of Studienkreis in connection with the transaction.