Comcave Group chooses strong partner to support the Company’s envisaged growth trajectory

Dortmund – The Comcave Group („Comcave“), led by founder and CEO Maximilian A. Jaber, has teamed up with Gilde Buy Out Partners („Gilde“), a financial investor, to support the Company’s envisaged growth plan.

Comcave is a leading provider of occupational re-training and advanced vocational training for adults. The Company is focused on IT-related education measures, which are being held at 14 education centers nationwide. Participants can flexibly choose between on-site presence learning modules or location-independent courses via the Company’s telelearning offering.

In order to support Comcave’s transition to the next level of corporate development, management has chosen to partner with Gilde, a well-established financial investor with a strong track record in mid-market buy-out transactions in Germany. As a result of the acquisition, management will gain an experienced partner looking to actively support the planned growth strategy, which is centered on the expansion of the German education center network as well as on selective service portfolio enhancements. The incumbent management team procures substantial experience in the occupational re-training and advanced vocational training markets and has successfully developed Comcave into a leading adult education provider. The operational management of the Company will remain with the incumbent management team.

Maximilian A. Jaber, founder and CEO of Comcave outlined:

"In Gilde we have found a strong partner, which is able to provide firm support to Comcave not only from its existing network but also from an operational and strategic point of view. The increased involvement of the management team will ensure continuity and in conjunction secure our mutual focus on achieving the envisaged growth targets."

Ralph Wyss, Chairman of Gilde Buy Out Partners, said:

"We have closely followed the positive development of Comcave and are proud to be able to support the Company over the coming years during the next stage of its development. The Company is well positioned and has developed the necessary prerequisites for achieving the planned education center roll-out throughout Germany."

The transaction is subject to approval by the German anti-trust authorities (Bundeskartellamt). The parties agreed not to disclose the terms of the transaction.

Comcave
Comcave, founded in 2004 and headquartered in Dortmund is one of the leading providers for adult education and training in Germany. For almost ten years the Company has been offering high quality education services preparing participants for the ever growing demand of increasing skill requirements in the labour market. The Company’s services are aimed at effectively alleviating the skills shortage in Germany. Comcave offers more than 200 occupational re-training and advanced vocational training courses focusing on IT related education measures. Course attendance can be achieved either at one of the currently 14 nationwide education centers or remotely via logging into a virtual classroom.

Gilde Buy Out Partners
Gilde Buy Out Partners is a leading European private equity investor for mid-market transactions with operations in the DACH region and the Benelux countries. Gilde manages funds in excess of EUR 2 billion and controls majority stake shareholdings in, amongst others, Spandex, Eismann, Teleplan, Roompot, Powerlines, HG and Plukon Royal. For more information, please visit www.gilde.com.

Contact details:

Comcave
Belinda Gatz
Chief Strategy Officer
Tel: +49 231 725 260

Gilde Buy Out Partners
Koos Teule
Director Investor Relations
Tel: + 31 88 220 2618