Wendel completed the acquisition of a 50% stake in Globeducate from Providence Equity for €625m.

Wendel, a French investment company, completed the acquisition of a 50% stake in Globeducate, a K12 education provider, from Providence Equity, a private equity firm, for €625m. "On behalf of the entire Globeducate team, I am looking forward to partnering with Wendel as we continue our ambitious growth journey. This transaction is a testament to the dedication of our teams and demonstrates the uniqueness of the Globeducate Group. I am thrilled to continue working with our partners at Providence, and warmly welcome our new partner, Wendel, as we seek to continue offering the highest-quality education to students around the globe," Luca Uva, Globeducate CEO.