Clearwater has advised Elevera Education Group (EEG), one of Sweden’s leading providers of Higher Vocational Education (HVE), on its sale to Formica Capital.
EEG offer both on-site and digital education through four distinct institutes; Medieinstitutet, Stockholm School of Business, Travel Education Centre, and John Ericsson Institutet. The group has a strong track record of educating skilled and knowledgeable graduates, with a high employment rate.
Collaborating closely with over 1,000 companies, EEG ensures their strong input into the group’s education programmes and apprenticeships. Currently, around 3,000 students are enrolled on full-time programmes, specialising in communication, IT, tourism, business administration, construction, and real estate.
Formica Capital has acquired a majority stake in EEG, supporting the company in its future development through several well-identified initiatives to further strengthen EEG’s leading position in the Swedish HVE market.
