Unigestion Private Equity has agreed to sell its stake in Tecvia, a leading European driver education software provider, to Harris Computer, achieving a gross return of 4.5x and an IRR of approximately 80%.

Target Information

Unigestion Private Equity has reached an agreement to divest its stake in Tecvia, a prominent European provider of digital software solutions for driver education. Headquartered in Munich, Tecvia offers a comprehensive integrated platform that digitizes the entire value chain of driving schools. This includes enterprise resource planning (ERP) systems, third-party interfaces, as well as cutting-edge teaching software and digital learning media. Their solutions facilitate the preparation of students for both theoretical and practical driving tests across the European market.

Since its investment in 2023 through its direct investment initiatives, including Unigestion Direct III, Unigestion has supported Tecvia due to its robust market presence, innovative technological advancements, and significant social impact, which have collectively contributed to considerable revenue and EBITDA growth.

Industry Overview

The digital education sector in Europe is experiencing rapid growth, driven by technological advancements and an increasing adoption of e-learning solutions. As regulatory requirements for driver training evolve, demand for comprehensive digital