MCF advised EOS Partners on the sale of mst to NIIT Group
EOS Partners (“EOS”), the Munich-based PE has successfully exited mst Group (“mst”), the provider of enhanced academy services. EOS sold 100% of shares in mst to NIIT Learning Systems (“NIIT MTS”), a global leader in managed learning services.
In this Business Services transaction, MCF advised EOS and facilitated a strategic cross-border transaction by structuring a focused, competitive process.




„We are proud of mst’s transformation during our ownership from a niche managed training services provider to a scalable Managed Service Provider for a broad enterprise customer base. We wish NIIT – a global strategic player in corporate learning – and the management team continued success on their growth journey. MCF provided us and mst with the pivotal support in taking the right next step, finding the optimal partner to facilitate a strategic and value-creating transaction and navigate through an intense cross-border exit process.”
The Deal
NIIT MTS is the trusted and award-winning L&D and talent partner for the world’s leading companies in over 30 countries. Established in 1981, NIIT MTS offers managed learning and strategic consulting services to solve the most complex challenges in learning, talent, skills, and workforce transformation.
The transaction enhances NIIT MTS’ competitive position in the European market while providing growth opportunities for both companies‘ client bases. The combined organisation will operate with over 2,500 learning professionals and more than 700 consultants across 32 countries, and a global network of over 5,500 learning providers and partners.
About MST Group GmbH
mst, headquartered in Munich, Germany, delivers flexible, scalable, and high-quality managed learning services and solutions to meet a wide range of training needs. The company acts as a training organiser, a full-service provider for both internal and external learning programs, and the operator of a comprehensive, curated training platform. Since 2009, all continuing education services have been unified under the mst brand, enabling a fully integrated approach that seamlessly blends physical and digital learning experiences
About EOS Partners
EOS is a long-term private equity firm managing €500m in AUM, investing in midmarket companies across the DACH region in software/tech-enabled services, industrial tech and healthcare. With a focus on accelerating growth and operational efficiency, EOS builds category leaders through strategic expertise, a vast network, and flexible capital. EOS strives to establish best practices that strengthen its portfolio companies and last well beyond its investment period.
About NIIT Learning Systems Limited (NIIT MTS)
NIIT MTS is the trusted and award-winning L&D and talent partner for the world’s leading companies in over 30 countries. Established in 1981, NIIT MTS offers managed learning and strategic consulting services to solve the most complex challenges in learning, talent, skills, and workforce transformation. With a Net Promoter Score of 9/10 and a 100% renewal rate, NIIT MTS helps leading companies transform and reimagine their learning ecosystems while increasing the business value and impact of learning.
„We are proud of mst’s transformation during our ownership from a niche managed training services provider to a scalable Managed Service Provider for a broad enterprise customer base. We wish NIIT – a global strategic player in corporate learning – and the management team continued success on their growth journey. MCF provided us and mst with the pivotal support in taking the right next step, finding the optimal partner to facilitate a strategic and value-creating transaction and navigate through an intense cross-border exit process.”
MCF deal team

