Eureka Education
Liberty has advised on the Management Incentive Plan design as part of Eureka Education Group’s acquisition of Knovia Group
Liberty Corporate Finance is delighted to announce that it has designed a management incentive plan for the Knovia Group management team, as part of the acquisition of the group by Eureka Education from Sovereign Capital Partners.
The Liberty team led by Matt, Rory and Alex were instrumental in implementing an appropriate incentive plan for Mark and his management team, as part of our acquisition of Knovia, to ensure true alignment as we move into an exciting period of growth together. We wanted to use a UK structure that would be familiar to management and the Liberty team were with us through every step as we worked through this.
Patrick Destang
CEO of Eureka Education
Liberty worked closely with us to not only ensure the incentive arrangements going forward were designed and implemented but also in an invaluable education and communication exercise with my wider team to make sure they had a full understanding of what was being agreed, as we embark on this next chapter with Eureka.
Mark Botha
CEO of Knovia Group
Knovia Group (Knovia) is one of the UK’s leading apprenticeship providers operating a portfolio of specialist, market-leading brands including Paragon Skills, Shaping Lives, Tempdent and Babington. The group currently supports more than 14,000 apprenticeship learners across high-demand and priority sectors including adult care, early years education and dentistry, alongside data, HR, accountancy and wider professional programs.
Led by CEO Mark Botha since 2015 and with backing from Sovereign Capital Partners, the business works with many of the UK’s largest employers, including the NHS and UK government departments, delivering high-quality, outcomes-focused training aligned with national skills needs
The acquisition marks Eureka Education Group’s (Eureka) first acquisition in the UK and creates a group supporting more than 46,000 learners, positioning Eureka as one of the largest professional and vocational training platforms in Europe, with a growing footprint in France, Spain and the UK.
Eureka Education Group is a leading provider of professional education across France and Switzerland, with a network of more than 130 campuses supporting around 30,000 learners each year. The group offers an extensive portfolio of apprenticeship and training programs spanning sectors such as beauty, real estate, sales, tourism and computer science. Following a successful period under Abenex, Eureka was acquired by Naxicap Partners in 2020 and has since continued its strong growth through a dynamic buy-and-build strategy.
It was a pleasure to support both the Eureka and Knovia teams on this landmark acquisition. We look forward to witnessing Knovia’s continued evolution within the Eureka Group, as well as the success of the wider group as it continues to expand its European footprint.
Matt Upton
Partner
+44 (0) 7880 788 607
[email protected]