Study Outside Norway AS
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Study Outside Norway AS - overview
Established
2007
Location
Trondheim, -, Norway
Primary Industry
Education/Training
About
Founded in 2007 and based in Trondheim, Norway, Study Outside Norway AS operates as a provider of education consultancy services for Norwegian students to navigate applications and recruitment processes to find their international program. In June 2022, Keystone Education Group, a portfolio company of Verdane Capital Advisors and Viking Venture, acquired Study Outside Norway AS. As of 2022, the company is led by its principal CEO, Kjetil Sandvoll, and operates four offices at different locations. The company offers an education administration service that provides support services to students who want to study in foreign countries.
It helps students with the admission process in the USA, Canada, the United Kingdom, Australia, New Zealand, and Singapore.
Current Investors
Keystone Education Group
Primary Industry
Education/Training
Sub Industries
Consulting Services, Education & Training Services
Website
www.sonor.no
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Study Outside Norway AS - timeline of key events

Study Outside Norway AS - financials
| Fiscal Year Ended | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 5,607,696 | 6,178,980 | 7,758,156 | 8,433,496 | 7,591,815 | 6,953,068 | 7,459,439 | 9,221,195 | 6,827,442 | - | - | - |
| % Revenue Growth (YoY) | - | 10.2% | 25.6% | 8.7% | (10.0%) | (8.4%) | 7.3% | 23.6% | (26.0%) | - | - | - |
| EBITDA (USD) | (100,642) | 271,677 | 1,999,971 | 2,070,898 | 1,308,941 | (78,000) | 129,811 | 1,188,180 | 424,419 | - | - | - |
| Operating Income (USD) | (106,330) | 258,027 | 1,986,321 | 2,062,936 | 1,308,941 | (78,000) | 111,061 | 1,143,180 | 379,419 | - | - | - |
| Operating Margin | (1.9%) | 4.2% | 25.6% | 24.5% | 17.2% | (1.1%) | 1.5% | 12.4% | 5.6% | - | - | - |
| % EBITDA Margin | (1.8%) | 4.4% | 25.8% | 24.6% | 17.2% | (1.1%) | 1.7% | 12.9% | 6.2% | - | - | - |
| NET Income (USD) | (182,313) | 138,186 | 1,602,867 | 1,646,095 | 940,186 | (68,711) | 1,778 | 878,645 | 287,872 | - | - | - |
| % Net Margin | (3.3%) | 2.2% | 20.7% | 19.5% | 12.4% | (1.0%) | 0.0% | 9.5% | 4.2% | - | - | - |
Study Outside Norway AS - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Study Outside Norway AS | - |
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Study Outside Norway AS - employee data


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