Founded in 2000 and headquartered in Alcalá la Real (Jaen, Spain), Formación Alcalá is an e-learning platform that focuses on education and training for healthcare professionals in Spain and Latin America
Formación Alcalá provides over 1,400 programs, including courses, master-level degrees accredited by Spanish universities and training. It targets healthcare professionals who are seeking to upgrade their skills, build credentials and apply for public employment in the healthcare system
Formación Alcalá’s courses and content are accredited by top-tier Spanish universities or the Spanish Ministry of Health, who oversees quality, issues the diplomas, and audits alumni performance
Process
DC Advisory (DC), led by Joaquín Gonzalo, was engaged by Formación Alcalá to provide sell-side M&A advice to support the sale of a majority stake in the Company
In a complex process that included navigating a period of lockdown and distant negotiations, DC provided comprehensive financial and strategic advice across multiple work streams, including:
Process strategy and tactics;
Due diligence coordination;
Deal structuring;
Financial modelling and after valuation;
Support in negotiations and transaction documents;
Outcome
Following this process, ACON Investment (ACON) acquired a majority stake in Formación Alcalá
ACON are primarily based in Latin America and will help to support and accelerate growth in this promising market
DC ensured all work streams were successfully completed in a timely manner
DC's extensive experience in Education and senior deal team involvement were key to the success of this transaction
DC were able to improve the terms of the agreement substantially throughout the process, despite the challenging environment and local lockdown
The transaction was completed in June 2021 for an undisclosed amount
