Post by Felix Specht

IEG has advised on another milestone transaction in the European EducationTech landscape: the sale of StackFuel to Multiverse. StackFuel has developed a differentiated and highly scalable platform at the crossroads of AI, data and workforce transformation. We were pleased to accompany the founders and shareholders through a dynamic, highly competitive M&A process resulting in a very strong outcome. The transaction reflects the continued tailwinds in AI-driven education and workforce enablement. As companies across Europe accelerate their digital transformation agendas, we expect further consolidation around platforms that combine scale, measurable impact and long-term relevance. My sincere thanks to Leo Marose, Stefan Berntheisel and all shareholders for the opportunity to work together and for the constructive and professional exchange throughout the entire process. Thank you to Euan Blair, David Best, Jillian Gillespie, Claire Davenport, Tara Haig and Beatrice Leong for the focused, solution-oriented and always professional discussions. The strategic fit between Multiverse and StackFuel creates a powerful platform to accelerate upskilling across Europe. Many thanks to the legal advisors involved - Steffen Fritzsche, Dr, LLM and Sophia Köster as well as Dr. Elisabeth Schalk and Philipp Sutter, LL.M. (Stellenbosch) - for their excellent support. A special thanks to my IEG colleagues Mirko Heide, Erkan Ezgin, Koray Oenen and David W. for their outstanding commitment and teamwork. A great outcome and a strong foundation for what comes next.

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