High-Return Investments in Early Education:
Shaping Futures, Building Value
Empowering Growth in Poland’s Fragmented Education Market
2025
m.Kids
CAPITAL
High-Growth Child Care: M&A Opportunity
We are raising capital to accelerate the growth of our
high-potential child care chain in Poland through a
$2.5 million private credit investment, structured in
two tranches.
Our strategy focuses on acquiring 8 additional child
care units at 3-4 times EBITDA and reinvesting
retained earnings and scaling operations to achieve
$500K+ E BITD A within 2 years. The first tranche of $1
million will fuel this initial expansion. Following this,
we plan a second funding round of $1.5 million to
drive further growth, targeting $1M EBITDA in 2028.
Based on recent M&A activity in the education sector,
we are targeting an exit at 10 times EBITDA, with the
additional option of partnering with private equity to
scale the chain to 50 locations, achieve an EBITDA of
$4M and establish ourselves as the absolute leader in
the Polish market.
The initial investment used to acquire 2 locations is
now delivering a 32% annual ROI.
STRATEGY
•Active negotiations for an
additional five.
•Operational Efficiency:
proven cost-
Implement
saving measures and
streamline operations to
reduce overhead
•EBIT DA Projection: Achieve
$500Kin EBI TDA through
economy of scale and profit
reinvestment
•With a $1,5M private debt
raise based on 2026 results,
we aim to acquire an
additional 15 locations
•Target EBITD A Growth:
Utilize the second round
funding to drive EBITDA to
$1M in 2028
•Strategic Buyers: We have
identified three potential
strategic investors who
would be interested
expanding their operations
in Eastern Europe
•With $1M+ in EBITDA, we
can partner with private
equity to fund scaling efforts
o50 locations, achieving
$4M EBITDA.
Strategic Growth
2nd Round in 2027
EXIT/Private Equity
Investment
Acquisiton
1st Round
Projected EBITDA:
$500K+ in 2026
•Pipeline: Three prime
locations averaging $50K
adjusted EBITDA are set for
acquisition in 2025
1. MOC Montessori
2. Slonik
3. Rodosne maluchy
2025
EBITDA:
$450K
2026
EBITDA:
$520K
2028
EBITDA:
$1M+
KEY BUSINESS
HIGHLIGHTS
Proven Track Record: $380K invested, delivering
consistent growth and financial stability.
Strong Returns: ROI for 2024 is 38%.
Scalable Success: Current operations showcase a
sustainable and profitable model, ready for expansion.
CURRENT FINANCIALS
PL, $000 2023
2024
Revenue 465
820
EBI TDA 65
145
EBI TDA margin 15%
17%
300
250
200
150
100
50
0
Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24
Revenues
E BI T D A
Expon. (EBITDA)
Acquisitions History & ROI
LUBLI N
Jan’23
Pre-acquisition EBITDA: $45K
Acquisition price: $200K
Current EBITDA: $60K
W A R SA W
(PRUZSKOW) 1
Jul’23
Pre-acquisition EBITDA: $35K
Acquisition price: $180K
•Post-Acquisition Growth: m.Kids
successfully boosted EBITDA by
10-15% through the application of
proven marketing and service
strategies developed in Ukraine.
•Consolidated annual ROI for
2024 projected at 38%
Current EBITDA: $45K
Invested Capital RETURN (Net
Profit)
19% 38%
ROI
2023 2024
$380K
Consolidated EBITDA $145K
Equals to 38% annual ROI in 2024
•Dynamic Market. Poland is the 5th largest
economy in Europe, known for its strong
economic growth and resilience. Its strategic
location in Central Europe positions it as a hub
for innovation and investment, attracting
businesses and fostering development across
various sectors.
•Early Education and Care Sector. EEC Market
is valued at PLN 5.5 billion (~USD 1.2 billion)
with 435,000 children in private childcare in
2023, and poised for continued growth in the
coming years
•Opportunities in a Fragmented Market: Ideal
for Consolidation. The top 20 players control
only 7% of the Polish child care market,
compared to 16% globally, indicating
significant room for consolidation
•Acquisition of Single-location operators:
Single location brands account for 70-75%of
child care services, compared to just 20%
across the EU, highlighting a prime
opportunity for consolidating these individual
players
STRATEGIC M&A OPPORTUNITY
CAPITAL REQUIREMENTS
CAPITAL REQUIREMENTS
F I R S T ROU ND $1M CAPITAL F OR M/A
EXPANSION PLAN
Expand our portfolio by acquiring a minimum of 8
kindergartens in Poland, complementing our existing
locations acquired in February-July 2023. Strategically
restructure these assets into a cohesive chain.
SECOND ROUND $1,5M
The second round of our $2.5M private debt raise in
2027 is designed to accelerate growth and achieve
€1M in EBITDA. T his will also open opportunities for
a strategic exit at a10x multiple or pave the way to
involve a private equity partner to scale to 50
locations, targeting $4M in E B I TD A and establishing
a dominant market position.
LOAN R E P A Y M E N T CAPACITY
Achieved a 38% ROI in 2024 from investments made
in 2023, showcasing the company’s strong financial
performance. Demonstrates the ability to repay the
loan through annuity payments withi n 5 years
while still achieving the target EBITDA.
Based on recent M&A activity in the education sector in Europe, chains with 10+ locations have been sold at a
multiple of 12-15x EBITDA, highlighting the potential for a significant return on investment
Appealing Exit Opportunity Given Comparison Companies
target TARGET BIDDER MULTIPLE
Year Name country desription name desription EV [$, M]
EV/Revenue
EV/EBITDA
2023
Only
About Children Australia
Child
care provider
Bright
Horzions Family Solutions child care services, offering back-up
care and workplace education programs 320 2,3x n/a
2022
Atvexa
AB Sweden
Operator and
developer of
schools
and preschools
DeMina
Skolintressenter
AB provider of fiancial services 207,4 1x 4,8x
2021
Akasia
Barnehage AS Norway
Operator
of kindergardens
Bergen
commune Norway-based municipality 68,6 2,0x n/a
2020
International
Engelska Skolan Sweden
International
private school
Peutinger
AB Swedish consortium,
backed by private equity firm 712,1 2,2x 7,8x
2020
Internestia,
S.L. Spain
Postgraduate
bussiness
school
Magnum
capital industrial
partners
Spain-based private equity firm 58,9 2,6x 29,9x
2020
Colegio
Joyfe S.L Spain
Private
school company
Internationelle engelska
skolan Sweden-based international school 17,8 6,4x n/a
2019
CATS
Education UK
International
school network
Bright scholar
education
holdings
limited
China-based operator of international
and billingual schools 187,8 1,7x n/a
2019
Barchen
France
Vocational
training provider
Editions
Lefebvre Sarrut SA France-based company engaged
in publishing and training 9,3 1,6x n/a
2018
HB
Education limited UK
Provider
of outdoor education
trips
for school children
Midlothian
capital partners limited UK-based investment company 598,6 2,9x 16,2x
2018
Galileo
Global Education France
International
higher education
provider
Tethys
invest France-based private equity firm 1219,3 2,5x 12,5x
Average 2,5x 14,2x
Median 2,5x 12,5x
LET’S SHAPE A B E T T E R F U T U R E TOGETHER
m-kids.pl
Fedir Kornienko
f.korniienko@m-kids.pl
+48 453 319 386
