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Wednesday, April 17, 2024

EY Abogados, BPV advise on the sale of CLS Idiomas to WEP

EY Abogados has advised Company of Linguistic Services, S.L. (CLS Idiomas) on the sale of 100% of the company to the Belgian entity WEP International, while the buyers have been counselled by BPV Abogados

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This new acquisition by WEP International responds to its growth and international expansion plan.

Headquartered in Brussels, Belgium, with subsidiaries in Italy, France, Spain, and Australia, World Education Program (WEP) is one of the world’s largest outbound study-abroad organizations. Offering experiences in 30 countries, WEP recruits large populations of students in Australia, Belgium, France, Italy, and Spain while also maintaining inbound programs in these countries and the US. WEP offers numerous high school programs and other educational and intercultural experiences such as volunteering, language courses, higher education, family immersion, and internships and handles over 10,000 students annually.

WEP was sold to E-CAPITAL Equity Management in May 2022.

Madrid-headquartered CLS Idiomas, with nine delegations in Spain,has been organising language courses abroad since 1984, sharing with parents from all over Spain the opportunity to give their children an international education.

EY Abogados legally advised on the negotiation of the sale and purchase agreement with a Corporate M&A and Private Equity team led by partner Susana Gómez Badiola, along with senior manager José María Eguía Moreno and junior associate José Luis Rivera Gonzalez de Gor. The buyers were advised by Bosco de Gispert and Laura Villanova, partner and senior associate at BPV.

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