Announced
Synopsis
Sommet Education, a major higher education player acquires 51% stakes in Ducasse Education, a major player in culinary arts and pastry training. Financial terms were not disclosed. Sommet Education was backed by Eurazeo Capital, a leading global investment company. In line with its strategy to accompany the long-term development of its investments, Eurazeo Capital deploys all the financial, technical and human resources at its disposal to accelerate Sommet Education’s development and transformation. “This acquisition fits perfectly with our desire to strengthen our presence in the culinary arts, a sector which, we have noted, is of significant interest to the general public. We’re looking forward to working closely with the Ducasse Education teams and pooling our knowhow and expertise.” Benoit-Etienne Domenget, Sommet Education Chairman.
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