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Sale of a minority stake of Walter Learning to HLD & BPI France

Paris (France), 14th February 2022 – HLD and Bpifrance have acquired a stake in Walter Learning, specialized in online training for professionals, in order to accelerate its development.

Created in 2018 by Thomas Cornet, Hippolyte Le Dem, Alphonse Doutriaux and Joseph Réquillart, Walter Learning offers 100% digital training for professionals. The Group is historically positioned on the health professional market (nurses, general practitioners, masseurs-physiotherapists, etc.), and has been gradually diversifying its offer by targeting other kind of professionals.

In 2021, the Group has experienced an overall growth of more than 165%, which will keep accelerating in 2022 and in the forthcoming years, with the launch of new training courses.

HLD and Bpifrance become shareholders alongside with the management, supporting Walter Learning in its structuring and its development within a fast-growing market.

Thomas Cornet, CEO of Walter Learning: “We are delighted that HLD and Bpifrance has entered the Group’s capital as they will help us accelerate our development in a very fast-growing market. HLD has both significant financial resources to finance our organic development and external growth opportunities, and a recognized experience in supporting fast-growing companies.”

Cédric Boxberger, Partner at HLD: “We were appealed by the very high quality of Walter Learning’s management team, which has become the leader in the training market for health professionals in less than 3 years. The digital training market is still very atomized, and we have the ambition, with the management team, to create one of the leaders in its segment, both through organic and external growth.”

FDC’s team is delighted to have advised Walter Learning’s managing shareholders in this important milestone for the company’s growth. This is a new transaction in the fast-growing EdTech sector, which is highly valued by investment funds.

About Walter Learning
Walter Learning designs, produces and delivers online training for professionals. While it was initially positioned on the health professional market, Walter Learning now offers more than 40 training courses for professionals through the Walter Santé and Walter Learning brands. The company decided to differentiate itself by the quality of its service and its technology.

About HLD Group
Founded by a group of entrepreneurs in 2010, HLD is a European investment fund with permanent capital. HLD aims at supporting management teams in turning their companies into leaders in their field. As such, HLD invests in high potential companies and provide them with human and financial resources to grow on the long run. With $2bn in capital, HLD supports 18 companies that employ 24,000 people and experience average annual growth of more than 10%.

About Bpifrance
Bpifrance is a public investment bank and a French organization specialized in financing and corporate development. More specifically, it aims at supporting small and medium-sized companies, mid-cap companies and innovative companies alongside with State and regional policies in order to help them become tomorrow’s leaders.

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