GoStudent uses its warchest to acquire large network of traditional tutoring centres in Europe

GoStudent — the Austria-based late-stage Tutor marketplace which has raised $686.3 million (and attained a €3BN valuation) to date — has acquired Germany-based Studienkreis, a traditional tutoring company, founded in 1974, which is focused on the German-speaking ‘DACH’ region. Terms of the deal were not disclosed.
Studienkreis had previously been owned, since 2017, by the London-based private equity firm IK Partners. It is best known as a tutoring provider in Germany with more than 1,000 learning centres nationwide, serving 125,000 families annually.
GoStudent said Studienkreis would continue

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