The Deal Sale of 100% of AKAD University and AKAD Kolleg to AURELIUS. IEG acted as exclusive financial advisor to Franz Cornelsen Bildungsholding on the disposal of its non-core distance learning/online education business. IEG was managing the structuring of the transaction, preparation of the selling documentation, identification of national and international financial and strategic investors, pre-marketing, approach to investors, preparation and organization of the entire due diligence process including a virtual data room, support in the preparation of the management presentation, receipt of indicative and final offers, support during contract negotiations and the signing/closing procedure

The Partners Active in Germany since 1959, AKAD University operates a state-certified and Science Council-approved distance learning university based in Stuttgart. The university has around 6,400 enrolled students studying business and technology courses. Courses offered include 15 accredited bachelor and master degrees. With an annual turnover of more than EUR 330 million, Franz Cornelsen Education Group is one of the largest publishing houses in the German-speaking countries.

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