Eurazeo’s Majority Investment in WorldStrides

Robert W. Baird & Co. and Citizens Capital Markets are acting as financial advisors to WorldStrides. Davis Polk & Wardwell LLP is acting as legal advisor to WorldStrides. Cravath is representing Eurazeo in connection with the transaction.

WorldStrides, one of the largest experiential education providers in the world, has agreed to receive a strategic investment from Eurazeo , a leading global investment company, and Primavera Capital Group (“Primavera”), a leading China-based investment firm. Financial terms of the transaction were not disclosed.

With a diversified portfolio of approximately €6 billion (~$7 billion) in assets under management, of which €1 billion is from third parties, Eurazeo, headquartered in Paris, is one of the leading listed investment companies in Europe.

Primavera Capital Group is a China-based investment management firm which oversees funds for institutions, companies and families in China and around the world.

The Cravath team is led by partners Aaron M. Gruber (Picture) and Johnny G. Skumpija and includes associates Jared B. Taylor, Andrew M. Wark and Alex L. Winkelman on M&A matters; partner Stephen M. Kessing and associates David J. Kohtz, Matthew G. Jones and Joshua S. Aronoff on banking matters; partner Jonathan J. Katz, practice area attorney Romica Singh and associate Sally Ye on executive compensation and benefits matters; partner Kara L. Mungovan and associate Richard Bohm on tax matters; partner Margaret Segall D’Amico, senior attorney Jesse M. Weiss and associate A. Maya Khan on antitrust matters; partner David M. Stuart and associate Alyssa M. Pompei on regulatory matters; partner David J. Kappos and associate Nicholas Kypriotakis on intellectual property matters; partner Matthew Morreale on environmental matters; and practice area attorney Brian M. Budnick on real estate matters. Patrick S. Taylor also worked on M&A matters and Stanley I. Onyeador also worked on banking matters.

Davis Polk is advising Metalmark Capital in connection with the sale of WorldStrides.

The Davis Polk corporate team includes partner Michael Davis and associates Evan Rosen, Shanu Bajaj and Sarah M. Weissman. Counsel Hilary Dengel is providing credit advice. The tax team includes partner Kathleen L. Ferrell and associate Jonathan Atkins. The executive compensation team includes counsel Ron M. Aizen and associate Christie Michelle Falco. Partner Jesse Solomon is providing antitrust and competition advice.

Involved fees earner: Aaron Gruber – Cravath Swaine & Moore; Johnny Skumpija – Cravath Swaine & Moore; Jared Taylor – Cravath Swaine & Moore; Andrew Wark – Cravath Swaine & Moore; Alex Winkelman – Cravath Swaine & Moore; Stephen Kessing – Cravath Swaine & Moore; David J. Kohtz – Cravath Swaine & Moore; Matthew Jones – Cravath Swaine & Moore; Jonathan J. Katz – Cravath Swaine & Moore; Romica Singh – Cravath Swaine & Moore; Sally Ye – Cravath Swaine & Moore; Kara Mungovan – Cravath Swaine & Moore; Richard Bohm – Cravath Swaine & Moore; Margaret Segall D’Amico – Cravath Swaine & Moore; Jesse Weiss – Cravath Swaine & Moore; David Stuart – Cravath Swaine & Moore; Alyssa Pompei – Cravath Swaine & Moore; David Kappos – Cravath Swaine & Moore; Matthew Morreale – Cravath Swaine & Moore; Brian Budnick – Cravath Swaine & Moore; Michael Davis – Davis Polk & Wardwell; Evan Rosen – Davis Polk & Wardwell; Shanu Bajaj – Davis Polk & Wardwell; Sarah Weissman – Davis Polk & Wardwell; Hilary Dengel – Davis Polk & Wardwell; Kathleen Ferrell – Davis Polk & Wardwell; Jonathan Atkins – Davis Polk & Wardwell; Ron M. Aizen – Davis Polk & Wardwell; Christie Michelle Falco – Davis Polk & Wardwell; Jesse Solomon – Davis Polk & Wardwell;

Law Firms: Cravath Swaine & Moore; Davis Polk & Wardwell;

Clients: Eurazeo; Metalmark Capital Partners;

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Author: Ambrogio Visconti