DGAP-News: AURELIUS invests in education - Studienkreis Group acquired from Franz Cornelsen Education Group
(firmenpresse) - DGAP-News: AURELIUS AG / Key word(s): Acquisition
AURELIUS invests in education - Studienkreis Group acquired from Franz
Cornelsen Education Group
10.12.2012 / 08:30
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AURELIUS invests in education
Studienkreis Group acquired from Franz Cornelsen Education Group
- Deal covers 1,000 tutoring centers in the German-speaking area
- Education is an important growth area for the AURELIUS Group
Munich, December 10, 2012 - The Munich-based AURELIUS Group (ISIN
DE000A0JK2A8) is acquiring the Studienkreis Group from Franz Cornelsen
Bildungsholding GmbH&Co. KG, Berlin, a company of the Franz Cornelsen
Education Group. The deal, which is still subject to approval by the
antitrust authorities, forms part of the Franz Cornelsen Education Group's
efforts to concentrate on its core business. The transaction covers three
Bochum-based companies: Studienkreis GmbH, Studienkreis Partnersysteme GmbH
and people online GmbH. The Studienkreis Group provides extra tuition for
children aged between six and 18 attending primary and secondary schools.
The company has an excellent position in the German-speaking market and
enjoys a high level of brand awareness. It expects to generate a positive
net profit for the year 2012 on the back of revenues of EUR 53 million.
The Studienkreis Group maintains around 950 facilities in Germany. A
further 50 or so centers are located in Switzerland, Austria and
Luxembourg. The children receive extra tuition in small groups of no more
than five in all subjects, although the emphasis is on the key school
subjects of mathematics, German and English. The centers are known for the
high quality of education and care they offer, as verified and certified in
over 800 locations by the TÜV Rheinland testing, inspection and
certification agency. The tutoring centers are operated both directly by
the Studienkreis Group itself and by independent franchise partners. At
first, AURELIUS will help the management to complete the transformation
process that was initiated in 2011. Beyond this, the company is looking to
grow by expanding its facilities and rolling out new products.
In acquiring the Studienkreis Group, AURELIUS is intensifying its
commitment to the education sector. The LD Didactic Group, a company
covering university education and the sciences, has already been part of
the corporate group since 2009. The Studienkreis Group and LD Didactic will
operate on the market as an independent subsidiary of the AURELIUS Group.
'Not only is education an attractive market for us, with outstanding
prospects for the future, it is also a social responsibility,' comments
AURELIUS Executive Board member Gert Purkert. 'More personal engagement
will be required going forward if we are to give our children a good
foundation for the future. In response to this challenge, we need to expand
our offering and invest in availability and quality.'
About Aurelius
The AURELIUS Group specializes in acquiring companies with development
potential and providing them with operational support. With respect to the
acquisition of subsidiaries, AURELIUS strives to identify, analyze, develop
and exploit all available opportunities in the market. The AURELIUS Group
understands itself to be a GOOD HOME for its subsidiaries on a long-term
basis. Although its acquisition activities are not limited to a certain
sector, AURELIUS has placed a certain emphasis on the following sectors:
industrial enterprises, chemicals, business services, consumer goods/food&beverage and telecommunications, media&technology.
AURELIUS has many years of investment and management experience in
different industries and sectors. AURELIUS improves the performance of its
subsidiaries by providing management capacities and the necessary financial
resources for investing in innovative products, sales and research.
AURELIUS is a globally active company with offices in Munich and London and
subsidiaries in Germany, Great Britain, France, Poland, Hungary, the
Netherlands, Switzerland, Norway, Belgium, Luxembourg, Slovakia and
Slovenia, as well as the United States, China, Malaysia, India, Thailand
and South Korea. The shares of AURELIUS AG are traded in the m:access of
the Munich Stock Exchange under ISIN DE000A0JK2A8. Additional information
can be found at www.aureliusinvest.de.
Contact
Investor Relations&Corporate Communications
Phone +49 (89) 544799 - 0
Fax +49 (89) 544799 - 55
investor(at)aureliusinvest.de
End of Corporate News
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