Education
Lithuania
Buy-and-build
28 Aug 2026
Tesonet-linked Kurianti karta cleared to acquire the Šiaurės licėjus school group
Lithuania's Competition Council has approved the acquisition by Kurianti karta — an education holding connected to the Tesonet Global ecosystem (NordVPN, Nord Security, Surfshark) and to INVL-managed funds — of 100% of Mokykla Šiaurės licėjus, Šiaurės darželiai, UNT nuoma and Trys banginiai, which together run schools, kindergartens and non-formal education. The buyer invests in education businesses from pre-school through to university level. The notification was filed on 13 August; terms were not disclosed.
Our take
The second private-education deal cleared in Lithuania within two weeks — and this time the buyer is domestic tech capital building an education platform (see the Nuevo Ágora deal on our monitor). When two well-funded buyers start consolidating the same niche at the same time, founders of schools and kindergartens stop being "lifestyle businesses" and start being targets. Valuations in a niche move fastest at exactly this stage.