Ultimate Education acquired 65% of the capital of Moscow Digital School. The founders of the company Dmitry Zakharov and Alexander Zhuravlev will each have 15%, and 5% were acquired by the partner of the law firm BGP Litigation Alexander Panov, who will participate in business development as an operating director. The amount of the transaction was not disclosed. The Kommersant newspaper writes about this.
Moscow Digital School specializes in training lawyers and advocates in the field of digital law. The school was founded in 2019 by Dmitry Zakharov, ex-head of the Antimonopoly Risk Management Department at Norilsk Nickel, and Alexander Zhuravlev, Managing Partner of the EBR law Firm.
The company offers programs in such areas as lawyer in the field of IT, esports and gaming, blockchain, personal data protection, M&A. At the end of the third quarter of 2022, the revenue of Moscow Digital School is 103.8 million rubles, compared to the same period in 2021, the growth rate was 421% (revenue in 2021 by the end of the third quarter was 24.6 million rubles).
The Ultimate Education educational holding was founded by the investment company Ultimate Capital in 2020. It unites several online schools, including Fashion Factory, XYZ, Psychodemia, Bang Bang Education and MAED Academy. The annual revenue of the holding is more than 1.2 billion rubles.
