Educate focuses efforts on supporting Sylvan franchisees and growing the
Sylvan Learning Center business
BALTIMORE and GELSENKIRCHEN, Germany, Sept. 10 /CNW/ -- Educate, Inc.
announced that it has reached agreement on the sale of the Schulerhilfe
business to Paragon Partners. Terms of the sale were not disclosed.
Educate, Inc. will focus its efforts on supporting Sylvan Learning Center
franchisees and growing the services provided to families seeking educational
support so their children can achieve their highest level of educational
Schulerhilfe will continue to be headquartered in Gelsenkirchen, Germany
and its management team, led by Norbert Milte, will remain the same.
About Educate Inc.
Educate, Inc. is a leading pre-K-12 education company delivering
supplemental education services and products to students and their families.
Educate's subsidiary, Sylvan Learning, is North America's best-known and most
trusted tutoring brand. In its 30-year history, Educate has provided trusted,
personalized instruction to millions of students, improving their academic
achievement and helping them experience the joy of learning. More information
on Educate can be found at www.educate-inc.com.
Schulerhilfe is the leading provider of private tutoring services to the
German and Austrian primary and secondary education markets. Schulerhilfe has
developed an unmatched market position via a network of more than 1,100
centers across more than 880 locations, providing blanket coverage of Germany
and Austria. Schulerhilfe tutors over 70,000 pupils per year in a wide range
of subjects and at all educational levels. With class sizes of typically only
4 pupils and using either school-provided or Schulerhilfe branded textbooks,
Schulerhilfe offers affordable and enjoyable tutelage that results in long
term, repeat admission.
About Paragon Partners
Paragon Partners GmbH is an independent Private Equity company based in
Munich, Germany that was founded in 2004. The Paragon team manages funds in
excess of euro 300 million. The investors of Paragon are reputable
institutional and private investors. Paragon invests exclusively in majority
positions in well established, successful medium sized businesses in
German-speaking countries. Within the last five years, Paragon has
successfully completed ten acquisitions. The portfolio companies are
developing successfully and are prime examples of Paragon's sustainable growth
For further information:
For further information: Kevin E. Shaffer of Educate, Inc.,