Swiss Life Asset Managers Acquires Majority Stake in Madrid-Based Educare

Swiss Life Asset Managers has acquired a majority stake in Educare, an operator of private educational institutions in Madrid that serves children from kindergarten through secondary school. The investment was made through several of Swiss Life’s infrastructure and long-term funds, including Swiss Life Funds (LUX) Global Infrastructure Opportunities IV SCSp, Privado Infrastructure S.A., SICAV-ELTIF, and Anlagestiftung Swiss Life Infrastruktur Global ESG (EUR).

The transaction involves the purchase of shares from Gestión de Centros Educativos (GECESA) and Alma Terra Mater (ATM), marking Swiss Life Asset Managers’ eighth investment in Spain. The group said it will provide additional capital to support Educare’s development plans while maintaining the company’s existing management structure. Carlos Madruga, CEO of Educare, will remain a shareholder and continue to lead the organisation.

Founded in 1977, Educare has expanded from a single school to a network of eight institutions across Madrid, employing more than 900 staff and educating around 10,000 students. The company’s focus is on holistic education and community engagement, values that Swiss Life said it intends to preserve through future investment in facilities and programs.

Swiss Life Asset Managers said the acquisition aligns with its strategy of investing in stable, long-term infrastructure sectors, including education. “Educare’s reputation for quality and continuity makes it a suitable partner for our funds’ objectives,” said Gabriele Damiani, Head of Core/Core+ Infrastructure International at Swiss Life Asset Managers.

Educare’s CEO, Carlos Madruga, noted that the transaction would allow the company to continue expanding while strengthening the quality of its schools and maintaining its educational philosophy.

The acquisition underscores continued investor interest in Spain’s education sector, where demographic growth and demand for high-quality private schooling have drawn institutional capital in recent years.

Photo: Educare’s CEO, Carlos Madruga