Carnegie acted as exclusive financial adviser to the owners of Mentor Danmark ApS in the sale to Gyldendal A/S
MentorDanmark was founded in 2013 and is today a market leader within private tutoring in Denmark. MentorDanmark offers organised private tutoring in Denmark by matching screened tutors (or mentors) with students in primary school, secondary school, gymnasium and universities via an own-developed digital platform.
In recent years, Gyldendal has focused on becoming more digital with 27% of total revenue in 2017 coming from digital products and services. The acquisition of MentorDanmark is part of the strategy to move into related verticals and become more digital.
Gyldendal has communicated that the expectations for 2018’s financials have remained unchanged. It is expected, for the coming years, that the acquisition of MentorDanmark will have a positive impact on Gyldendal’s revenue and EBITDA.