US based Vistage Worldwide, Inc. (“Vistage”) has entered into an agreement to acquire 100 percent of the shares in EGN Group A/S (“EGN)” for an undisclosed amount. The transaction enables Vistage to expand its European operations and further strengthen its position as the world’s largest provider of confidential peer groups and executive coaching. Vistage will support and invest in EGN’s ambitious international growth strategy, and the members of both companies will enjoy enhanced value through access to a vastly expanded geographic network as well as the combined resources of the entities. Together, EGN and Vistage will now serve nearly 45,000 members in 35 countries worldwide. Carnegie acted as exclusive financial adviser to the owners of EGN.
About EGN
EGN is one of the world’s largest providers of peer groups with a global network of nearly 16,000 members across 16 countries. Since 1992, EGN has provided carefully matched professional peer groups to business executives and specialists. Based on professional relations and the exchange of experiences in a confidential space, EGN strives to create personal, professional and business value for the members of its network. In addition to peer group meetings, EGN offers various adjacent offerings such as webinars and expert sessions, premium concepts as well as a digital member platform for peers to connect and share knowledge.
About Vistage
Vistage is the world’s largest CEO coaching organisation for small and midsize businesses. For more than 65 years, Vistage has helped CEOs, business owners, and key executives solve their greatest challenges through confidential peer groups and one-to-one executive coaching sessions. More than 29,000 Vistage members worldwide also have access to expert speakers, personalised coaching sessions, and international networking. Under the guidance of their Chair – an accomplished former CEO dedicated to helping others grow – members come together to share expertise, challenge one another to think critically and make better decisions that affect their companies, families, and communities. Gridiron Capital, LLC, a private equity firm based in New Canaan, Connecticut, USA, is Vistage’s majority shareholder.