Kumulus Partners acted as the exclusive financial adviser of Smartschool and its shareholders – the Schuer family – in the joining forces with Cegeka and LRM. Through this new strategic partnership, Smartschool aims to continue to support the further accelerated digitisation of the educational world, while ensuring its service delivery to schools for the years to come. Jan & Geert Schuer remain on board as shareholders, and will continue to be in charge of daily operations.
Smartschool is a digital school platform aimed at facilitating cooperation between schools, teachers, students and parents. Smartschool includes over 20 modules, designed to support the educational process. More specifically, it integrates communication, administration, e-learning, reporting, data analysis and a student follow-up system. Since the lockdown in March 2020, the platform can also be used for real-time distance learning via Smartschool Live.
Kumulus Partners ran a process in which a limited number of potential strategic partners were approached. Kumulus Partners managed the investor contacts, the entire due diligence process and led the negotiations with Cegeka, both on the terms of the sale as on the governance of the group going forward.