Eurazeo’s total investment is $469 million, representing a majority equity stake of approximately 80 per cent.
Eurazeo and Primavera Capital Group reached an agreement in November 2017 to purchase the company.
“The partnership will accelerate WorldStrides’ global expansion and growth through program diversification and investment in sales and marketing, furthering the company’s 50 plus year mission to ignite personal growth for students through educational travel and study abroad,” Eurazeo said in its statement.
Headquartered in Charlottesville, Virginia, WorldStrides is the largest educational student travel company and study abroad organization in the United States.
WorldStrides reported over $580 million in revenue and adjusted EBITDA1 margin of 13 per cent in the fiscal year ending June 30, 2017.
Eurazeo has a diversified portfolio of approximately €7 billion in assets under management, of which €1 billion is from third parties. Besides Paris, it also has offices in Luxembourg, New York, Shanghai and Sao Paulo.