Paris, April 28, 2026 — IC Avocats advised the founders of Aurlom Education on the tax structuring of the LBO/OBO transaction supporting CAPZA's entry into the group's capital.
Aurlom Education: a fast-growing private education group
Founded in 2006, Aurlom Education is a French private education group, originally focused on competitive examination preparation, which has progressively developed a range of degree programs, including BTS, Bachelor's and DCG (graduate accounting diploma). The group now offers over 30 educational pathways, notably in Paris, Nice and Lille.
The transaction: a minority OBO with CAPZA Transition
The transaction is structured as a minority OBO, with CAPZA entering the group's capital through its Transition vehicle and acquiring 25% of the share capital. The deal was primarily structured as a share buyback, supported by bank financing arranged by a pool composed of BRED, BPRI and BNP Paribas.
IC Avocats advisory role
IC Avocats advised the founders on the tax structuring aspects of the transaction, in the context of a capital reorganization designed to support the group's continued growth, including the opening of new campuses.
This engagement illustrates IC Avocats' expertise in providing tax counsel to executives, founders and managers in private equity, LBO and OBO transactions.
Deal advisors
- Tax counsel to founders: IC Avocats — Michael Taieb
- Legal counsel to majority founders: LL Berg
- Counsel to CAPZA: Hogan Lovells
- Counsel to banks: Bentam
