Paris-listed Eurazeo, China’s Primavera complete acquisition of WorldStrides

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Paris-listed global investment company Eurazeo and China-based investment firm Primavera Capital Group have completed the acquisition of US-based educational travel provider WorldStrides.

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.

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Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.