Try Group

History

2021: CVC Capital bought Try Group for $976 million

In mid-October 2021, the British investment fund CVC Capital announced the acquisition of the Japanese company Try Group, which offers tutoring and other educational services. The value of the transaction is 110 billion yen (about $976 million).

Try Group has a network of tutors and individual learning schools throughout Japan and is a major player in this country. The company uses tutoring methods based on artificial intelligence (AI) and other digital technologies in the field of information technology ( IT).

CVC Capital acquired Try Group for $976 million

According to Nikkei, apparently the Try Group is looking for support from a foreign fund to navigate the changing business climate in connection with the COVID-19 pandemic, the declining birth rate in Japan and high inflation in the country, which reached a 15-month high on July 20, 2021. In turn, CVC Capital hopes to strengthen the basis of the Tokyo company's business by expanding its online service. According to foreign sources, the companies will sign an agreement in October 2021.

The company is essentially a platform for organizing online training, but Try Group also sends mentors and tutors from different fields to their customers and occupies a significant part of the educational segment offline, the company also provides individual lessons in private classes of the company. According to the website, as of August 2019, the company had 220 thousand registered teachers.

Meanwhile, CVC Capital in 2021 has already acquired a personal care product business from the leading Japanese cosmetics company Shiseido, and in April 2021 a British investment fund made an offer to buy back shares of the Japanese industrial giant Toshiba.^[1]

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