Houlihan Lokey Advises Tomorrow Education Group

Houlihan Lokey is pleased to announce that Tomorrow Education Group (TEG), a leading digital re- and upskilling education platform in Germany, has agreed to be acquired by Naxicap Partners (Naxicap), a leading European private equity firm. Houlihan Lokey served as the exclusive M&A advisor to the shareholders.

Headquartered in Andechs, Germany, and founded in 2021, TEG has become one of the fastest-growing digital training platforms in Germany. Specialising in vocational training, TEG focuses exclusively on fast-developing tech skills (IT and digital) and high-demand expertise in smart industries (energy transition and new mobility). With a team of more than 500 employees, a strong emphasis on future professions, digitalisation, and close collaboration with corporates, TEG is actively shaping the future of vocational training.

With this acquisition, Naxicap further expands its growing education portfolio, reinforcing its position as a leading player in the European further education market. In addition to its existing investment in the French education provider Eureka Education, Naxicap is establishing a second strong platform in digital education with TEG.

Naxicap is a France-based private equity firm with €7.9 billion in assets under management. The firm has more than 100 investment professionals spread across six offices in Paris, Lyon, Toulouse, Nantes, Frankfurt, and Zurich.

“With Naxicap, we’ve found an experienced partner that supports our dynamic growth and will actively drive our expansion,” said Felix Schlegel, Co-CEO of TEG. ”Together, we aim to broaden our product offering and reach new customer segments, particularly in the B2B space. We share an entrepreneurial mindset—this partnership will further accelerate our momentum and open up exciting M&A opportunities.”

Nicolas Stoetter, Co-CEO of TEG, added, “We see ourselves as bridge-builders between today’s skills and tomorrow’s industrial needs. That’s a mission with pan-European relevance. We’re therefore excited to have found a partner who shares this vision and has already proven successful in France.”

Peter Pergovacz, Managing Partner at Naxicap, added, “With the acquisition of TEG, we’re building a second strong education platform in our portfolio and continuing our strategy of bringing together leading providers with complementary strengths. Our vision is a European education network that equips people with future-ready skills—cross-border, digital, and labour market-oriented. TEG’s impressive development over the past few years speaks to its enormous potential, and we look forward to actively supporting its next growth stage.”

Houlihan Lokey served as the exclusive financial advisor to the sellers and assisted in marketing the transaction, managing the transaction process, and negotiating the financial aspects of the transaction on behalf of TEG and its shareholders.

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