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Groupe Silvya Terrade, France’s private education leader in Beauty, Cosmetics, Perfumery and Hairstyling, pursues its expansion alongside Abénex

Paris (France), 11 April 2018 – Backed by Apax Partners Development since 2016, Groupe Silvya Terrade, developed by Grégory Declercq, Pierre Juhen and Bernard de Sagazan, announced today that it will pursue its expansion alongside Abénex.

Groupe Silvya Terrade is the largest network of beauty and hairstyling schools in France, preparing students for a full range of qualifications in Beauty, Cosmetics, Perfumery and Hairstyling. More than 4,800 students are enrolled each year in its 37 schools in France and Switzerland. The group also manages a broad network of more than 3,000 professional partners – including brands, institutes and salons – and draws on the skills of 500 education professionals.

Apax Partners Development invested in 2016 and since then, the group has oriented its growth strategy along two avenues: carrying out build-ups in France and Europe, with the acquisition of 30 schools, and modernizing and diversifying its range of training programmes, by moving into higher levels of qualification, as well as digitalising content and learning methods.

The group intends to pursue its acquisition strategy so as to significantly extend its schools network and invest in digitalisation and development of state-certified programmes.

Grégory Declercq, CEO of Groupe Silvya Terrade: “From the outset, Apax Partners was fully in phase with our build-ups strategy in France and our plan to organically develop the range of training programmes oriented towards the Beauty segment and industry professionals. Their expertise in this area has enabled us to become the undisputed leader in our market. We are very pleased to continue our development alongside Abénex. We will continue with a similar strategy, with a more comprehensive and international ambition”.

Caroline Rémus, President of Apax Partners Development: “We are proud to have supported Silvya Terrade’s strong growth and digital transformation. It was the relationship of trust established with Grégory Declercq and his staff that made everything possible.”

Antoine Houël, Director at Abénex: “In just a few years, Groupe Silvya Terrade has become a major stakeholder in the French private education sector, with a leadership position in beauty and hairstyling. We are delighted to have the opportunity to work with Grégory Declercq and his team on rolling out their ambitious growth plan, both in France and internationally”.

Participants and advisors

Groupe Silvya Terrade: Grégory Declercq, Pierre Juhen, Bernard de Sagazan
Advisors:
Financing: Clearwater International (Laurence de Rosamel, Paul Assaël, Léa Joly)
Legal – Corporate: Hugot Avocats (Olivier Hugot, Safaa El Khammal, Floriane Verdier)
Financial – Management: Oloryn Partners (Eric Lesieur)
Legal – Management: Jeausserand Audouard (Erwan Bordet, Jérémie Jeausserand, Eléonore Gaulier, Carole Furst)

Apax Partners: Caroline Rémus, Antoine Desjeux
Advisors:
M&A: Clearwater International (Thomas Hamelin, Sophie Lerond, Thibaut Couvrecelle)
Legal – M&A: Villechenon (Tristan Segonds, Gilles Roux, Eléanore Griffiths)
Financial VDD: KPMG (Damien Moron, Selim Jerfel, Jérôme Béchet)
Strategic VDD: CMI (Nicolas Kandel, Bastien Hontebeyrie)

Abénex: Antoine Houël, Karim Hoebanx
Advisors:
Legal – M&A and Due diligence: McDermott, Will & Emery (Grégoire Andrieux, Diana Hund, Louis Leroy, Anne Febvre)
Structuring – Tax Due diligence: Arsène Taxand (Alexandre Rocchi, Vincent Briand)
Financial Due diligence: PwC (Philip Dykstra, Mike Eledjam, Tristan Jegourel, Othmane Mekkaoui)

Financing: Tikehau Investment Management (Cécile Mayer-Levi, Charles Bourgeois, Marin Collet-Stevens, Paolo Morrone)
Advisors:
Legal – Lender: Paul Hastings (Olivier Vermeulen, Tereza Courmont Vlkova)
Legal – Borrower: McDermott, Will & Emery (Pierre-Arnoux Mayoly, Shirin Deyhim, Benjamin Briand)

About the Silvya Terrade group
www.groupe-terrade.com
Silvya Terrade is the largest network of beauty and hairstyling schools in France, preparing students for a full range of qualifications in Beauty, Cosmetics, Perfumery and Hairstyling. More than 4,800 students are enrolled each year in its 37 colleges, in every region of France and Switzerland. The group also manages a broad network of more than 3,000 professional partners – including brands, institutes and salons – and draws on the skills of 500 educators.

About Apax Partners
www.apax.fr
@ApaxPartners_FR ‏
Apax Partners is a leading European private equity firm. With more than 45 years of experience, Apax Partners provides long-term equity funding to build and strengthen world-class companies. Funds managed and advised by Apax Partners exceed €3 billion. These funds invest in fast-growing middle-market companies across four sectors of specialisation: TMT, Consumer, Healthcare and Services.

About d’Abénex
www.abenex.com
Abénex is a fully-independent private equity firm investing in non-listed companies. Abénex invests for the long term in growth and operational optimisation projects, working alongside management teams and founders. The team has a recognised expertise in supporting external growth projects, public-to-private transactions, and partnerships with family shareholders. Abénex holds majority or minority stakes in companies valued up to €500 million.

 

Contacts

Apax Partners
Coralie Cornet
+33 (0)1 53 65 01 35
coralie.cornet@apax.fr

Groupe Silvya Terrade
Marie-Caroline Saro
+33 (0)1 58 18 32 58
mcsaro@comcorp.fr

Jehan O’Mahony
+33 (0)1 58 18 32 67
jomahony@comcorp.fr

Abénex
Antoine Houël
+33 (0)1 53 93 69 00
antoine.houel@abenex.com

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