Galileo Global Education S.A. is Europe’s largest for-profit higher education provider, with over 200 private colleges (or écoles), universities and campuses around the world and its head office in Paris, France. It claims to be number one in Europe, but ranks behind Chinese groups such as TAL Education Group and New Oriental worldwide.
The company owns and operates several higher-learning institutions, including the Regent's University London, the Macromedia University, the Paris School of Business, the Istituto Marangoni or the European University Cyprus, and almost 40% of EM Lyon Business School.
Galileo Global Education was created when the American investment fund Providence Equity acquired Istituto Marangoni (Italy) in 2011, and began to expand by acquiring public schools from a variety of backgrounds in France, Germany, Mexico and elsewhere. At the same time, Studialis, a French higher education group, is expanding and acquiring schools in a range of sectors: management, IT, arts and crafts, etc.[1]
In 2016, Galileo Global Education acquired Studialis, formerly Eductis, for €250 million. Studialis will be renamed Galileo Global Education France in July 2023.[2][3]
In April 2018, Téthys Invest, a subsidiary of the Bettencourt Meyers family's holding company, became a reference shareholder in the Galileo Global Education group and sits on the Board of Directors alongside the American investment fund Providence Equity, the majority shareholder.[4]
On 13 February 2020, US investment fund Providence Equity announced the sale of its majority stake in the Galileo Global Education group for an estimated €2.3 billion.[5][6] The Group was sold in March 2020 to a shareholder group comprising Téthys Invest, the holding company of the Bettencourt-Meyers family, Bpifrance, the Canada Pension Plan Investment Board and Montagu Private Equity. The group is managed by international investment funds.[7][8]
Sources:
- https://en.wikipedia.org/wiki/Galileo_Global_Education
- Official site not on record
