Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

News Dec 19, 2017

Financing of Acquisition of Studienkreis by IK Investment

Shearman & Sterling advised EQT Mid-Market Credit Fund (EQT) on the financing of the acquisition of Studienkreis, a German private tutoring service provider, by IK Investment.

Studienkreis, founded in 1974, is headquartered in Bochum and operates a network of over 1,000 learning centers that offer small group tutoring to 60,000 primary and secondary school students across Germany. 

EQT is a leading alternative investments firm with approximately €37 billion in raised capital across 25 funds. EQT funds have portfolio companies in Europe, Asia and the United States with total sales of more than €19 billion and approximately 110,000 employees. 

EQT was advised by partner Winfried M. Carli, associate Andreas Breu and transaction specialist Marina Kieweg. Counsel Matthias Weissinger advised the super senior lender and partner Esther Jansen advised Wilmington Trust (all Frankfurt-Finance).