Subscribe to unlock this article
Thanks for your support.
The Spanish duo of Ada Capital, led by Ines Anoz and Sofia Sabas, has successfully acquired Milton Education, a global publisher specialized in educational content. Ines & Sofia boast a significant financial background and launched their SF in early 2023, opting for the self-funded model, quite unusual in Spain. Within just 5 months, they identified the company, and after over 6 months of negotiations, they finalized the deal in early 2024.
Accompanying them in the transaction were several American investors, including Kinderhook Partners, TTCER Partners, George Jankovic, Cerralvo Capital, alongside Spanish family offices such as Mugello Inversiones and Tres Coronas, among others. The operation was leveraged with one-third debt provided by La Caixa.
With operations in Spain, Mexico, Colombia and Chile, Milton Education believes in the power of education to transform people. The company offers a wide variety of content, interactive activities, and classroom management delivered to students and teachers through innovative methodologies and techniques. The edtech company focuses its offering on English learning, with more than 500 schools and 150,000 students in preschool, primary, and secondary levels benefiting from its method. The company, which employs around 35 people, generated €3.5M in revenue in 2023, a 70% increase from the previous year, reaching an EBITDA of €1.5M.
Sofia Sabas explains that currently, Milton Education holds a 3% market share in Spain. Their idea is to significantly increase this share and expand their international presence. The executives are already strengthening the team and plan to launch new products during the year.
Broker: Aboo Partners / Legal: Bufete Barrilero y Asociados
