Information on the target
The target of this acquisition is the Northern Lyceum, a network of schools and kindergartens located in Vilnius, Lithuania. Established over a decade ago, the Northern Lyceum has developed a high-quality educational model that caters to children from the age of one up to the 12th grade. Currently, the network comprises two schools, three kindergartens, and a complex that includes a swimming pool and informal activity center, serving nearly 1,000 students and preschoolers. The institution employs approximately 180 staff members and has projected revenues of €8.8 million for the 2025-2026 academic year.
Industry overview in the target’s specific country
The School, College & University (NEC) industry in Lithuania is experiencing significant growth, driven by an expanding middle class that increasingly seeks private education options. As more families can afford to enroll their children in private institutions, the demand for high-quality educational services is on the rise. This trend is particularly evident in urban areas like Vilnius, where educational institutions are adapting to meet the evolving needs of students and parents alike.
In recent years, the Lithuanian government has also increased its focus on education, recognizing its critical role in societal development. This has led to a greater emphasis on educational quality, with both public and private sectors investing in innovative teaching methods and facilities. The Northern Lyceum exemplifies this shift, having adopted a Nordic-inspired educational philosophy that integrates well-being and academic progress, experiential learning, and social-emotional development.
Moreover, the educational landscape in Lithuania is becoming increasingly competitive, with various institutions striving to differentiate themselves through unique curricula and teaching approaches. The Northern Lyceum stands out for its commitment to a consistently evolving educational model, which positions it as a strong alternative in the market. As expectations for educational quality continue to rise, institutions that can demonstrate their value and effectiveness will likely thrive in this dynamic environment.
The rationale behind the deal
The acquisition of the Northern Lyceum by Tesonet and INVL Private Equity Fund II is strategically aligned with the growing demand for private education in Lithuania. As the middle class expands, there is a clear opportunity to invest in and enhance educational offerings that meet the needs of families seeking quality schooling for their children. The partnership aims to leverage the strengths of both organizations to further develop the Northern Lyceum's educational model and expand its reach.
Information about the investor INVL Private Equity Fund II is one of the leading private equity funds in Central and Eastern Europe, with a fund size of €410 million. The fund seeks to create a diversified portfolio by investing in companies with the potential to become regional leaders in…