EQT Credit provides financing to support the acquisition of Studienkreis, a leading player in the German tutoring market
The EQT Mid-Market Credit fund (“EQT Credit”) today announces that it has provided a tailored financing solution to support IK Investment Partners’ investment in Studienkreis Holding GmbH (“Studienkreis” or the “Company”), a German private tutoring service provider. Studienkreis was founded in 1974 and is headquartered in Bochum. It operates a network of over 1,000 learning centres and offers small group tutoring to 60,000 primary and secondary school students across Germany. It also offers online tutoring and has developed the Studienkreis app for homework support. The Company has a