Clifford Chance advises Jacobs Holding on the agreement to acquire ILERNA, a leading provider of official vocational education in Spain from Skill & You, a portfolio company of IK Partners.
ILERNA is a leading player in the Spanish vocational education space, with over 46,000 students. In recent years, ILERNA has developed a physical presence with 11 centers providing onsite instruction to complement its comprehensive online offering. With the support of Jacobs Holding, ILERNA will further enhance its educational programs, expand its curriculum, promote advanced technological tools, and extend its physical footprint.
The transaction is strongly aligned with Jacobs Holding’s strategy to invest in European champions in the Education Sector.
The Clifford Chance team was led by Private Equity partner Samir Azzouzi and senior associate Javier Montañés, with the support of associates Iñigo Navarrete, Andreína Velásquez and Ana Cendoya. Acquisition financing efforts were led by Finance partner Nicholas Kinnersley with the support of Richard Day, Liam Dunne, Alexandra Martin, June Ng, Rodrigo Uría, Ignacio Magariños, Stefanie Ferring and Yolanda Ghita. Senior counsel Carme Briera advised on regulatory matters. Employment related efforts were led by counsel Jorge Martín-Fernández. Clifford Chance’s multidisciplinary team in this transaction also included specialists from the competition, data protection, IP and compliance areas.
