Astar was established in 2013 following Thorengruppen’s acquisition of JB Kompetens. The company specializes in municipal vocational education, labor market training, Swedish for Immigrants (SFI), and recruitment training programs. With over 20 schools across Sweden, Astar offers educational programs in 12 diverse subject areas, serving students nationwide.
Edukatus Alliance is one of Sweden’s largest private education providers, with over 1,500 employees and more than 11,000 students. The organization operates preschools, primary schools and high schools across Sweden. Edukatus Alliance was founded in 1999 as Thorengruppen, before changing its name in September 2024 as part of a change of ownership.
The transaction marks a significant step in aligning Astar AB with leaders deeply committed to its mission. The sale of Astar AB to its former management team highlights the strength of Carlsquare’s expertise in facilitating strategic carve-outs and securing successful outcomes for education-sector clients, ensuring a seamless transition and a promising future for the business.
“Astar is an important and good business that makes a big difference for both the individual and society. Our thanks to Carlsquare, whose network in and deep understanding of the education space were vital in ensuring that Astar ended up in the best of hands for the next stage in its journey.” – Ester Alavei, CEO, Edukatus Alliance
“We are very happy to have reached an agreement and are looking forward to continuing the business. Our vision is to create training of the highest quality for both individuals and companies, but also to be a sustainable and attractive employer.” – Katharina Sjögren Edström, incoming CEO
Carlsquare acted as the exclusive advisor to Edukatus Alliance AB.
