Alantra advises KKR Global Impact Fund and MasterD – MEDAC Group on the acquisition of CEF Publishing

Dec 2022

Buy-side advisory

Milan – Alantra, a leading global investment bank and asset management firm, is pleased to announce it has acted as the exclusive financial advisor to global private equity, KKR Global Impact Fund on the acquisition of CEF Publishing, a leading Italian professional training courses provider, through its Spanish portfolio company MasterD – MEDAC Group.

Launched in 2018, KKR Global Impact Fund is a private equity initiative dedicated to middle market investments seeking to help investors achieve financial outcomes by solving unprecedented societal challenges. The Global Impact Fund invests around four core investment themes: climate action, lifelong learning, sustainable living, and inclusive growth. KKR Global Impact Fund invested in MasterD in 2020 and in MEDAC in 2021

The MasterD – MEDAC Group, which was born from KKR’s investments, is a leader in the Spanish and Portuguese education market. The Group is active in both regulated and unregulated vocational professional training in different areas such as healthcare, IT, technology, education, renewable energy, veterinary, administration & marketing, video games and cybersecurity, among others.

CEF Publishing is a leading player in Italy in the design, sale, and delivery of professional training courses for the consumer market and based on a distance learning model (“FAD”), under the “Corsicef” brand. FAD model incorporates the traditional potential of paper media combined with digital platforms to ensure opportunities for everyone to benefit, learn and develop professional skills. The company has a large customer base in Italy and offers courses, among others, in the animal care, food, beauty and health & care areas.

Carlo Robiglio, Head of Ebano Group which sold its stake in CEF Publishing and reinvested in the MasterD – MEDAC Group, commented: “Today we do not only achieve European presence with a strong partner like KKR, but we also significantly strengthen our growth ambitions in the Italian market, where we are looking at new investment opportunities.”

Pedro Godinho Ramos, member of KKR’s Global Impact Investment team, added: “This investment is fully in line with the strategic goals of the Global Impact Fund, which aims to invest in companies that offer solutions to social and sustainability challenges.”

The Alantra team in Milan advising KKR Global Impact Fund and MasterD – MEDAC Group was comprised of Marcello Rizzo, Francesco Fortunato, and Federico Beccari.