About the Transaction
ENACO Carrière et Conseil, France’s leading 100% online business school, has entered into a strategic partnership with XYNERGY Group, an independent industrial player also active in digital education. As part of a comprehensive restructuring plan, XYNERGY assumed ENACO’s financial debt and converted it into equity, strengthening the company’s financial structure and stability.
Through this partnership, XYNERGY becomes the majority shareholder, while founder Hélène Lejeune retains a significant stake and continues as CEO. BIL Corporate Finance acted as ENACO’s exclusive advisor.
About ENACO
Founded in 2006, ENACO is a pioneer in online education in France. It offers more than 63 accredited programs—from master’s degrees to continuing education—recognized by French and European authorities. Its proprietary platform and innovative pedagogical model, combining technology with personalized support, deliver exceptional success and job placement rates.
About XYNERGY Group
Established in 2010 by the Canetti family, XYNERGY is an independent family-owned industrial group specializing in the creation and online distribution of programs and training designed to improve personal and professional well-being. XYNERGY generates €220 million in revenue and employs 1,100 people. Its activities span three divisions: Wellness & Weight Management, Beauty & Cosmetics, and Education. The education division includes the Centre Européen de Formation (CEF)—a leader in distance learning in France with over 40,000 new students annually—alongside Ecole 109 and Linguaphone. This partnership with ENACO strengthens XYNERGY’s position in digital education and creates significant synergies.
XYNERGY Group was advised by Jean-Luc Amanatian of Viducia SAS.
About BIL Corporate Finance
BIL Corporate Finance offers a unique combination of financing and strategic advisory services for entrepreneurs, companies, and asset managers. Its pan-European team delivers tailored solutions across the entire capital structure (senior-junior debt, quasi-equity, equity) from Luxembourg and Switzerland, covering diverse projects, sectors, and geographies (Benelux, Switzerland, France, Germany, and Greater China).
Quotes ENACO
“We are delighted to join forces with XYNERGY Group. This partnership combines our expertise in digital education with XYNERGY’s strong presence in distance learning, positioning us as a leader in the French market.” — Hélène Lejeune, CEO of ENACO
Quotes XYNERGY Groupe
“This friendly partnership with ENACO is a major step forward. It will allow us to expand our higher education offering. We are excited to work with ENACO and Hélène Lejeune. The high quality of her teaching will accelerate our growth.” — Bernard Canetti, President of XYNERGY Group
Quotes BIL Corporate Finance
“As an investment bank, we are proud to have supported ENACO during a decisive restructuring phase, securing a strategic partner that will strengthen its foundations and open new avenues for growth and innovation. We are also pleased to be active in the digital education sector and in France, a key market for us.” — Frédéric Cassani, Ramon Hoyos, and Yann Raux, BIL Corporate Finance
About Banque Internationale à Luxembourg (BIL)
Founded in 1856, BIL is Luxembourg’s oldest multi-business bank and has played an active role in the country’s economic development. Today, it operates in retail, private, and corporate banking, as well as financial markets. With over 2,000 employees, BIL has branches in Luxembourg, Switzerland, and China.
