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Legacy Education LLC acquired High Desert Medical College, Inc.

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Like High Desert Medical College, Inc.

closed 9/2/2010 via PR Newswire
 
 
 
 
 
 
 
 

Legacy Education LLC acquired High Desert Medical College, Inc.

synopsis: Career educational institution Legacy Education has acquired High Desert Medical College, Inc. The medical training school prepares aspiring medical professionals for careers that include ultrasound technician, massage therapist, medical assistant and full and part time vocational nurse.
buyer: Legacy Education LLC
Legacy Education, LLC is a career institution situated on the leading edge of vocational private postsecondary institutions. Legacy develops progressive programs to serve both growing and emerging industries.
target: High Desert Medical College, Inc.
High Desert Medical College, Inc. main campus is located in the heart of Lancaster, California, with a satellite campus in Bakersfield, California, offering students comprehensive training for today's fastest growing medical careers.
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closed 12/17/2009 via BNC Analysis
 
 
 
 
 
 
 
 

Education Affiliates LLC acquired MedVance Institute

synopsis: MedVance Institute announced Education Affiliates Inc. has acquired MedVance from Generation Partners and other shareholders. MedVance is a national leader in medical and allied health-related career training.
buyer parent:JLL Partners
buyer: Education Affiliates LLC
Education Affiliates Inc. is a leading post-secondary education company with a strong focus on allied health programs. EA has become one of the most prominent privately held school groups in the industry and currently operates a network of 40 campuses concentrated in 13 states in the eastern US.
target parent: Generation Partners
target: MedVance Institute
Headquartered in West Palm Beach, FL, MedVance provides Associate, Diploma and Certificate programs to recent high school graduates and adult students seeking education and training for positions in allied health.
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closed 12/31/2009 via Company Press Release
 
 
 
 
 
 
 
 

Javelin Learning Systems, Inc. acquired MedTech College

synopsis: Excellere Partners, a middle market private equity firm, is pleased to announce that its portfolio company, JTC Education Holdings, Inc, (“JTC”), has completed the purchase of MedTech College, LLC (“MedTech”). MedTech is a provider of allied health education, including registered and practical nursing.
buyer parent:Excellere Partners
buyer: Javelin Learning Systems, Inc.
Javelin Learning Systems, Inc. is a for-profit, postsecondary education institution located in Atlanta, GA. Javelin has established its reputation as one of the region’s leading providers of allied health education services. Javelin is a wholly-owned subsidiary of JTC Education Holdings, Inc.
target: MedTech College
MedTech College ("MTC") is the premier medical training college in the Midwest. In five short years, MTC has developed over 300 medical affiliations and relationships.
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closed 7/8/2008 via BusinessWire
 
 
 
 
 
 
 
 

Laureate Education acquired Universidad Latina

synopsis: Laureate Education, Inc. has acquired the Universidad Latina and Universidad Americana in Costa Rica.
buyer parent:Kohlberg Kravis Roberts & Co.
buyer: Laureate Education
Laureate Education, Inc., together with its subsidiaries, provides higher education programs and services to students through a network of campus-based and online universities, and higher education institutions primarily in the Americas, Europe, and Asia.
target: Universidad Latina
Universidad Latina, the largest private university in Costa Rica, was founded in 1989 and has more than 16,000 students. The university is widely recognized for its health sciences programs, including medicine and dentistry.
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closed 4/7/2007 via Company Press Release
 
 
 
 
 
 
 
 

Equinox Capital Inc. acquired Saba University School of Medicine

synopsis: Equinox Capital III, L.P. announced that it has completed the recapitalization of Saba University School of Medicine B.V. ("Saba"). Founded in 1986, Saba is a leading for-profit university that awards four-year graduate degrees in Doctors of Medicine (M.D.).
buyer: Equinox Capital Inc.
Equinox Capital, Inc. is a private equity firm specializing in making equity and equity-related investments in small and lower middle-market companies. The firm prefers to be a lead investor and acquire controlling interest in its portfolio companies.
target: Saba University School of Medicine
SABA University School of Medicine provides a comprehensive basic and clinical medicine education program that produces physicians who are proficient to meet health care needs in the Netherlands-Antilles and other countries.
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closed 9/1/2006 via BusinessWire
 
 
 
 
 
 
 
 

Liberty Partners acquired Concorde Career Colleges, Inc.

synopsis: Concorde Career Colleges, Inc. announced that pursuant to a merger agreement with an affiliate of Liberty Partners, a private equity firm based in New York City, Concorde has become a privately held corporation, wholly owned by the Liberty affiliate.
buyer: Liberty Partners
Liberty specializes in middle-market private equity investments in manufacturing, business services, and education-related companies. Since its founding in 1992, the firm has committed over $1 billion to more than 45 investments.
target parent: Camden Partners Holdings, LLC
target: Concorde Career Colleges, Inc.
Concorde Career Colleges, Inc. owns and operates proprietary, postsecondary institutions that offer career training in allied health programs at twelve campuses in seven states. Concorde serves the segment of population seeking to acquire a career-oriented education.
price ($mm)
$93
rev ($mm)
$91
EBITDA ($mm)
$8
price / rev
1
price / EBITDA
11.5
closed 3/2/2009 via Company Description
 
 
 
 
 
 
 
 

Excellere Partners acquired Javelin Technical Training Center

synopsis: Excellere formed JTC Education Holdings, Inc. to acquire leading postsecondary education company Javelin Technical Training, a leading Atlanta-based allied health education provider.
buyer: Excellere Partners
Excellere is a middle-market private equity investment firm based in Denver, Colorado. Exceller aspires to build a differentiated private equity firm, one focused on the unique needs of emerging private companies with aspirations to build industry leadership and enduring value.
target: Javelin Technical Training Center
Javelin Learning Systems, Inc. is a for-profit, postsecondary education institution located in Atlanta, GA. Javelin has established its reputation as one of the region’s leading providers of allied health education services. Javelin is a wholly-owned subsidiary of JTC Education Holdings, Inc.
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closed 8/5/2008 via BusinessWire
 
 
 
 
 
 
 
 

Apollo Group, Inc. acquired Universidad Latinoamericana S.C.

synopsis: Apollo Global, Inc., a consolidated subsidiary of Apollo Group, Inc. has purchased a majority stake in Universidad Latinoamericana S.C., an accredited, private university based in Mexico City, from Carlyle Mexico Partners.
buyer: Apollo Group, Inc.(APOL:$4,925.82)
Apollo Group, Inc. has been an education provider for more than 30 years, providing academic access and opportunity to students through its subsidiaries, University of Phoenix, College for Financial Planning, Western International University, Meritus University, Insight Schools and Apollo Global.
target parent: The Carlyle Group
target: Universidad Latinoamericana S.C.
Founded in 1975, Universidad Latinoamericana is renowned for its dentistry, medicine and communications programs accredited by the Ministry of Public Education (Secretaría de Educación Publica, SEP) in Mexico.
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closed 9/18/2008 via BusinessWeek
 
 
 
 
 
 
 
 

DeVry Inc. acquired U.S. Education Corporation

synopsis: DeVry Inc., a global provider of educational services, announced that it has completed its acquisition of U.S. Education, the parent organization of Apollo College and Western Career College, for $290 million in cash.
buyer: DeVry Inc.(DV:$2,182.37)
DeVry Inc., is the holding company for DeVry University, Ross University and Becker Conviser Professional Review. DeVry University offers associate, bachelor's and master's degree programs in technology, business and management.
target parent: Chicago Growth Partners
target: U.S. Education Corporation
U.S. Education Corp's programs, offered through Apollo College and Western Career College, prepare students for careers in healthcare through certificate and associate degree programs. The company's colleges provide career-focused, outcome-based, postsecondary education and training.
price ($mm)
$290
rev ($mm)
$140
EBITDA ($mm)
$26
price / rev
2.1
price / EBITDA
11
closed 8/4/2011 via BusinessWire
 
 
 
 
 
 
 
 

DeVry Inc. acquired American University of the Caribbean

synopsis: DeVry Inc., a global provider of educational services, announced it has acquired the business operations of privately held American University of the Caribbean (AUC). Since 1978 AUC has provided students with quality medical education and has more than 4,000 graduates who are licensed and practicing medicine throughout the world.
buyer: DeVry Inc.(DV:$2,182.37)
DeVry Inc. owns and operates DeVry University, Advanced Academics, Ross University, Chamberlain College of Nursing, Carrington College, Carrington College California, Chamberlain College of Nursing, DeVry Brasil, and several other educational institutions.
target: American University of the Caribbean
Since 1978 American University of the Caribbean School of Medicine (AUC) has provided students with quality medical education and has more than 4,000 graduates who are licensed and practicing medicine throughout the world.
price ($mm)
$197
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closed 2/9/2007 via Company Press Release
 
 
 
 
 
 
 
 

ATI Enterprises, Inc. acquired South Texas Vocational Technical Institute

synopsis: Riverside acquired South Texas Vocational Technical Institute, a proprietary school offering allied health, business, childcare, computer, legal and English as a Second Language programs, as an add-on to ATI Enterprises, a post-secondary for-profit vocational school.
buyer parent:The Riverside Company
buyer: ATI Enterprises, Inc.
ATI offers specialized training to students in the automotive, IT, and healthcare industries. ATI Enterprises operates vocational schools and training centers in Texas, Florida, Arizona and New Mexico.
target: South Texas Vocational Technical Institute
South Texas Vocational Technical Institute offers high-quality career training to help prepare our students for rewarding and successful careers in Health Care, Business, Computers, Legal and Massage Therapy.
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closed 2/3/2004 via Company Press Release
 
 
 
 
 
 
 
 

Generation Partners acquired MedVance Institute

synopsis: Generation Partners announced today that it has recently completed a $9.5 million investment in MedVance Institute (“MedVance”), a rapidly growing provider of post-secondary allied health education.
buyer: Generation Partners
Founded: 1996, Total Capital: $325 Million. Generation's investment philosophy is driven by several key guiding principals: (1) quality of management is the primary determinant of investment success and owners make better managers; (2) smaller companies o
target: MedVance Institute
Headquartered in West Palm Beach, FL, MedVance provides Associate, Diploma and Certificate programs to recent high school graduates and adult students seeking education and training for positions in allied health.
price ($mm)
$9.50
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closed 3/7/2012 via PR Newswire
 
 
 
 
 
 
 
 

MedTech College acquired Camelot Healthcare Training Institute, Inc

synopsis: Camelot Healthcare Training Institute, a post-secondary nursing and allied health care education provider in Central Florida, has been acquired by Medtech College. Camelot joins the Medtech family of schools and will become Medtech College once appropriate state approvals have been obtained.
buyer parent:Excellere Partners
buyer: MedTech College
Medtech is a nationally accredited, leading post-secondary network of colleges and institutes. Medtech campuses help students explore opportunities, strive for excellence and gain the skills and confidence to achieve their full potential in the growing healthcare field.
target: Camelot Healthcare Training Institute, Inc
Camelot Healthcare Training Institute was formed in 2009 as a Private Healthcare Training Institute to educate all candidates of their community who have chosen or have the desire to enter a career in the healthcare profession.
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closed 3/24/2005 via BusinessWire
 
 
 
 
 
 
 
 

DeVry Inc. acquired Deaconess College of Nursing

synopsis: DeVry Inc. announced today it has completed the acquisition of Deaconess College of Nursing for approximately $5.3 million in cash.
buyer: DeVry Inc.(DV:$2,182.37)
DeVry Inc., is the holding company for DeVry University, Ross University and Becker Conviser Professional Review. DeVry University offers associate, bachelor's and master's degree programs in technology, business and management.
target: Deaconess College of Nursing
Deaconess College of Nursing offers programs with a strong historical foundation, broad general education background and extensive clinical practice that culminate in compassionate and clinically proficient graduates. Deaconess College of Nursing has been providing quality education since 1889. We
price ($mm)
$5.30
rev ($mm)
$4
EBITDA ($mm)
price / rev
1.3
price / EBITDA
closed 7/15/2009 via BusinessWire
 
 
 
 
 
 
 
 

APOGEE Life Style, LLC. acquired Power Pilates

synopsis: APOGEE Life Style, LLC, owners of APOGEE Pilates & Wellness Centers, announced the acquisition of Power Pilates, a leading worldwide classical Pilates teacher training and certification company with over 100 affiliated studios around the globe.
buyer: APOGEE Life Style, LLC.
APOGEE Life Style is a fully integrated health and wellness company synonymous with healthy lifestyles, fitness, personal care and nutrition.
target: Power Pilates
Power Pilates was founded with the goal of providing classical Pilates training that honors the integrity of the methods initially developed by Joseph Pilates. Power Pilates offers teacher training and continuing education programs taught by the premier instructors in the industry.
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closed 6/16/2010 via BNC Analysis
 
 
 
 
 
 
 
 

Al-Anwar Education Holding Company acquired Sebai Institutes

synopsis: Bridge Capital, the London-based merger and acquisition firm, announced the successful acquisition of a majority stake in Sebai Institutes - the second largest privately owned network of medical educational institutes in Saudi Arabia, by its client Al-Anwar Education Holding company.
buyer: Al-Anwar Education Holding Company
Al-Anwar Education Holding Co. provides world-class education in the colleges, as the University will have alliances with top notch American and British universities. Al-Anwar Education Holding Co.
target: Sebai Institutes
Sebai Institutes are one of the leading private academic institutions in Saudi Arabia that are dedicated to provide education and training in health specialties (Nursing, Pharmacy, Radiology, and Health administration).
price ($mm)
$36*
rev ($mm)
$10
EBITDA ($mm)
$3
price / rev
2.7
price / EBITDA
10.5
closed 3/7/2005 via Company Press Release
 
 
 
 
 
 
 
 

Huron Capital Partners LLC acquired Ross Learning LLC

synopsis: Huron Capital Partners LLC announced today that it has recapitalized Ross Learning LLC in partnership with Paul Mitchell, CEO of the Company. The transaction marks Huron’s sixth new platform investment within the last eight months and second significant platform investment in the post-secondary education industry.
buyer: Huron Capital Partners LLC
Huron Capital Partners LLC is a Midwest based equity investment firm focused on investing in growing, established and profitable companies. We specialize in partnering with management teams to facilitate corporate spin-offs, family succession transactions, recapitalizations and management buyouts.
target: Ross Learning LLC
Ross Education LLC is the owner of Ross Medical Education Center. Ross has offered short-term vocational and career training programs for over 30 years. Ross Medical Education Center operates in 14 communities in Michigan, Florida and Georgia.
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closed 2/23/2012 via PR Newswire
 
 
 
 
 
 
 
 

HCP & Company acquired Career Training Academy, Inc.

synopsis: HCP & Company, a middle-market private equity firm headquartered in Chicago, announced the acquisition of Career Training Academy, Inc., a nationally accredited, Associate's degree and diploma granting, career school providing students with professional skills for careers in allied health.
buyer: HCP & Company
HCP & Company is a private equity firm specializing in growth equity and buyout investments in companies with attractive growth prospects and revenue from $10 million to $100 million.
target: Career Training Academy, Inc.
Career Training Academy® is a career school offering programs in Medical and Dental Assisting, Medical Billing and Coding, and Massage Therapy. Its programs are developed with a focus on the career goals of each and every student.
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closed 6/22/2010 via Company Press Release
 
 
 
 
 
 
 
 

JLL Partners acquired Ross Learning LLC

synopsis: Huron Capital announced today that it has sold its portfolio company, Ross Education. Based in St. Clair, Michigan, Ross Education operates a group of 17 postsecondary schools that offer career-oriented training in allied health fields.
buyer: JLL Partners
Founded in 1988, JLL Partners is among the leading private equity investment firms in the country. Since inception, they have managed a series of private equity funds aggregating approximately $4 billion in committed capital.
target parent: Huron Capital Partners LLC
target: Ross Learning LLC
Ross Education LLC is the owner of Ross Medical Education Center. Ross has offered short-term vocational and career training programs for over 30 years. The Company operates a group of 17 postsecondary schools that offer career-oriented training in allied health fields.
price ($mm)
$232
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closed 2/21/2012 via PR Newswire
 
 
 
 
 
 
 
 

United Education Institute acquired Emergency Training Services, Inc.

synopsis: International Education Corporation, a leading national provider of career education and parent company of UEI College, has acquired Emergency Training Services (ETS), a leading emergency medical care training college in Santa Cruz, California. ETS provides training for Emergency Medical Technicians, Paramedics and First Responders.
buyer parent:International Education Corporation
buyer: United Education Institute
United Education Institute (UEI) serves as a top choice for career preparation and training. Students interested in entering a new career or training program to enhance their current occupation can consider a wide variety of UEI programs.
target: Emergency Training Services, Inc.
The mission of Emergency Training Services is to respond to the educational needs of individuals seeking a career as an EMT or Paramedic. It is structured to develop competencies and skills in students necessary to function responsibly as members of an emergency medical care team.
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*Price paid does not equal Enterprise Value as the buyer aqcuired less than 100% of target
closed 9/2/2010 via PR Newswire

Legacy Education LLC acquired High Desert Medical College, Inc.

synopsis: Career educational institution Legacy Education has acquired High Desert Medical College, Inc. The medical training school prepares aspiring medical professionals for careers that include ultrasound technician, massage therapist, medical assistant and full and part time vocational nurse.
buyer: Legacy Education LLC
Legacy Education, LLC is a career institution situated on the leading edge of vocational private postsecondary institutions. Legacy develops progressive programs to serve both growing and emerging industries.
target: High Desert Medical College, Inc.
High Desert Medical College, Inc. main campus is located in the heart of Lancaster, California, with a satellite campus in Bakersfield, California, offering students comprehensive training for today's fastest growing medical careers.
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closed 9/2/2010 via PR Newswire

Legacy Education LLC acquired High Desert Medical College, Inc.

synopsis: Career educational institution Legacy Education has acquired High Desert Medical College, Inc. The medical training school prepares aspiring medical professionals for careers that include ultrasound technician, massage therapist, medical assistant and full and part time vocational nurse.
buyer: Legacy Education LLC
Legacy Education, LLC is a career institution situated on the leading edge of vocational private postsecondary institutions. Legacy develops progressive programs to serve both growing and emerging industries.
target: High Desert Medical College, Inc.
High Desert Medical College, Inc. main campus is located in the heart of Lancaster, California, with a satellite campus in Bakersfield, California, offering students comprehensive training for today's fastest growing medical careers.
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closed 5/22/2006 via PR Newswire
 
 
 
 
 
 
 
 

Lincoln Educational Services acquired New England Institute of Technology at Palm Beach, Inc.

synopsis: Lincoln Educational Services Corporation announced that it has completed its acquisition of New England Institute of Technology at Palm Beach, Inc. for $34.5 million in cash plus the assumption of a $7.2 million mortgage. The institution will be re-branded as Lincoln College of Technology.
buyer: Lincoln Educational Services
Lincoln Educational Services Corporation is a leading and diversified for-profit provider of career-oriented post-secondary education. Lincoln offers recent high school graduates and working adults degree and diploma programs in five areas of study.
target: New England Institute of Technology at Palm Beach, Inc.
Founded in 1982, NET is the oldest and largest proprietary career college in Palm Beach County, Florida, one of the nation's fastest growing markets. NET currently serves over 1,200 students through two divisions, New England Tech and the Florida Culinary Institute.
price ($mm)
$42
rev ($mm)
$19
EBITDA ($mm)
price / rev
2.2
price / EBITDA
closed 6/1/2006 via PR Newswire
 
 
 
 
 
 
 
 

Providence Equity Partners Inc., GS Capital Partners acquired Education Management Corp

synopsis: Education Management Corporation, a leading provider of post-secondary education, announced that Providence Equity Partners and Goldman Sachs Capital Partners have completed their acquisition of the Company in a transaction valued at approximately $3.4 billion.
buyer: Providence Equity Partners Inc.
buyer: GS Capital Partners
Providence Equity Partners Inc. is a private investment firm specializing in equity investments in communications and media companies around the world. The principals of Providence Equity manage funds with approximately $21 billion in equity commitments.
target: Education Management Corp
Education Management is a provider of post-secondary education in North America, based on student enrollment and revenue.
price ($mm)
$3,400
rev ($mm)
$1,684
EBITDA ($mm)
$373
price / rev
2
price / EBITDA
9.1
closed 2/8/2006 via PR Newswire
 
 
 
 
 
 
 
 

Gemini Investors, LLC, Quad Ventures acquired Dorsey Schools

synopsis: Dorsey Schools, founded in Detroit in 1934 and owned by Dennis and Sandra Stockemer since 1985, was recently sold to two private investment companies. The Stockemers sold Dorsey Schools, consisting of four campuses in Madison Heights, Roseville, Southgate and Wayne, to Quad Ventures, New York, NY and Gemini Investors, Wellesley, MA.
buyer: Gemini Investors, LLC
buyer: Quad Ventures
Gemini Investors and its predecessor entity have been making investments in middle market companies since 1993. The firm has invested in over 50 middle market companies since 1995.
target: Dorsey Schools
Dorsey Schools, founded in Detroit in 1934, consists of four campuses in Madison Heights, Roseville, Southgate and Wayne. Dorsey Schools is one of the area's oldest postsecondary career training institutions offering business, computer, legal and healthcare curriculum.
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closed 1/11/2005 via Company Press Release
 
 
 
 
 
 
 
 

Lincoln Educational Services acquired New England Technical Institute

synopsis: Lincoln Educational Services Corporation announced today that they have completed the acquisition of New England Technical Institute, the first private technical school founded in the state of Connecticut.
buyer: Lincoln Educational Services
Lincoln Educational Services Corporation is a leading and diversified for-profit provider of career-oriented post-secondary education. Lincoln offers recent high school graduates and working adults degree and diploma programs in five areas of study.
target: New England Technical Institute
After more than 60 years, New England Technical Institute has earned the reputation of being a solid, stable and supportive Connecticut technical school where individuals get trained to start jobs in as little time as possible. We are accredited by the Accrediting Commission of Career Schools and Co
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closed 10/31/2006 via PR Newswire
 
 
 
 
 
 
 
 

GE Commercial Finance purchased a minority stake in Education Management Corp

synopsis: Education Management Corporation announced that GE Commercial Finance, a division of General Electric Company, has made an investment in Education Management Corporation, a provider of post-secondary education in North America.
buyer parent:General Electric Company
buyer: GE Commercial Finance
GE Commercial Finance, offers businesses of all sizes an array of financial services and products worldwide. With a particular expertise in the mid-market segment, GE Commercial Finance provides loans, operating leases, financing programs and other services.
target parent: Providence Equity Partners Inc.
target: Education Management Corp
Education Management is a provider of post-secondary education in North America, based on student enrollment and revenue.
price ($mm)
rev ($mm)
$1,208
EBITDA ($mm)
$214
price / rev
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closed 10/9/2006 via BusinessWire
 
 
 
 
 
 
 
 

Kaplan Test Prep and Admissions acquired Aspect Education Limited

synopsis: Kaplan, Inc., the international education firm, announced today that is has acquired Aspect Education Limited, a major provider of English language instruction with 19 schools located in the U.K., Ireland, Australia, New Zealand, Canada and the U.S. The price of the transaction was not disclosed.
buyer parent:The Washington Post Company
buyer: Kaplan Test Prep and Admissions
Kaplan Test Prep and Admissions, a division of Kaplan, Inc., is a premier provider of educational and career services for individuals, schools and businesses. Established in 1938, Kaplan is the world leader in the test prep industry.
target: Aspect Education Limited
Aspect Education Limited is a provider of educational programs and services to students from over 100 countries worldwide.
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closed 9/11/2006 via
 
 
 
 
 
 
 
 

Champs Private Equity acquired Study Group International Ltd.

synopsis: Newspaper publisher Daily Mail & General Trust has agreed to sell its English language and academic courses business, Study Group International, for about 72 million pounds. The firm is selling the unit to funds advised by Australia's Champ Private Equity and Petersen Investments.
buyer parent:Castle Harlan Inc.
buyer: Champs Private Equity
Champ Private Equity is a joint venture between Castle Harlan Inc. and Australian Mezzanine Investments Pty Ltd.
target parent: Daily Mail and General Trust plc
target: Study Group International Ltd.
Study Group helps over 35,000 international students fulfil their ambitions every year. We are global leaders in international education and training, providing a complete range of educational opportunities for students from over 120 countries.
price ($mm)
$141
rev ($mm)
$179
EBITDA ($mm)
price / rev
.8
price / EBITDA
closed 5/15/2006 via BusinessWire
 
 
 
 
 
 
 
 

Gryphon Colleges Corporation acquired Delta Educational Systems, Inc.

synopsis: Gryphon Investors announced that it has completed the acquisition of Delta Educational Systems (Delta) through Gryphon's post-secondary education platform, Gryphon Colleges Corporation (GCC). Terms of the deal were not disclosed.
buyer: Gryphon Colleges Corporation
Gruppo, Levey & Co. is a boutique investment bank that focuses on direct marketing industry. The company’s services include sales and divestitures, mergers and acquisitions, raising equity capital, and debt restructuring. Gruppo, Levey was founded 1992 and is headquartered in New York City.
target parent: Huron Capital Partners LLC
target: Delta Educational Systems, Inc.
Delta operates 16 accredited career colleges located in Georgia, Louisiana, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia. The schools offer students courses in allied health, business, cosmetology, information technology, legal, and vocational trades.
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announced 9/25/2007 via Thomson Financial
 
 
 
 
 
 
 
 

Laureate Education will acquire INTI International Education Group

synopsis: Laureate Education has announced its first major foray into Asia. The company has made an offer to acquire 51 percent of the major shareholder in a company that owns the Malaysia-based university INTI International University College.
buyer parent:Kohlberg Kravis Roberts & Co.
buyer: Laureate Education
Laureate Education, Inc., together with its subsidiaries, provides higher education programs and services to students through a network of campus-based and online universities, and higher education institutions primarily in the Americas, Europe, and Asia.
target: INTI International Education Group
INTI International, which specializes in programs in hospitality, multimedia design, and mobile telecommunications, has eight colleges in Malaysia, as well as operations in China, Indonesia, and Thailand.
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closed 9/6/2007 via BusinessWire
 
 
 
 
 
 
 
 

Knowledge Investment Partners LLC acquired Schiller International University

synopsis: Knowledge Investment Partners Inc., an investment manager specializing in the education sector, is pleased to announce it has acquired Schiller International University which includes the American College of Switzerland and London City College.
buyer: Knowledge Investment Partners LLC
Knowledge Investment Partners invest in the securities of public and private education and information service businesses. KIP’s investment criteria emphasize market leading businesses that display the potential for high returns on invested capital and that offer tangible value for their clients.
target: Schiller International University
Schiller has long been known as "the" international university. Their reputation reflects in part their uniqueness, for they offer American degrees at campuses in Florida (USA), London (UK), Heidelberg (Germany), Paris and Strasbourg (France), Madrid (Spain), and Leysin and Engelberg (Switzerland).
price ($mm)
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price / rev
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closed 6/8/2007 via Company Press Release
 
 
 
 
 
 
 
 

Abrams Capital, Greenhill Capital Partners acquired FCC Holdings, Inc.

synopsis: Greenhill Capital Partners, LLC and Abrams Capital, LLC announced the completion of an investment in FCC Holdings, Inc., a leading accredited private career college, headquartered in Lauderdale Lakes, Florida. As part of the transaction, TA Associates, Inc., a leading growth private equity and buyout firm, sold its majority interest in FCC.
buyer: Abrams Capital
buyer: Greenhill Capital Partners
Abrams Capital LLC is a privately owned hedge fund sponsor. The firm provides its services to institutions. It manages hedge funds for its clients. The firm invests in the public equity, fixed income, and hedging markets of the United States. It primarily invests in warrants and bonds.
target parent: TA Associates
target: FCC Holdings, Inc.
FCC has seven campuses that operate under the name Florida Career College. Founded in 1982 as a business school focused on information technology training, Florida Career College now offers programs in the fields of allied health, massage therapy, information technology and business.
price ($mm)
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closed 3/30/2007 via PR Newswire
 
 
 
 
 
 
 
 

The Wicks Group of Companies, L.L.C. acquired Education Direct, Inc.

synopsis: The Wicks Group of Companies, L.L.C., a New York-based private equity firm, announced that its affiliate, Penn Foster Holdings, LLC , has completed the acquisition of Education Direct, Inc., a leading correspondence education provider from The Thomson Corporation. The terms of the transaction were not disclosed.
buyer: The Wicks Group of Companies, L.L.C.
The Wicks Group of Companies, L.L.C. is a New York based private equity firm that invests in selected segments of the communications, information and media industries.
target parent: Thomson Reuters
target: Education Direct, Inc.
Penn Foster Career School is one of the oldest and largest distance learning institutions in the world. The school provides programs and services that are designed to meet the lifelong learning needs of the adult learner. Programs of study lead to career-specific diplomas.
price ($mm)
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closed 3/18/2007 via Company Press Release
 
 
 
 
 
 
 
 

Leeds Equity Partners acquired National College of Business & Technology

synopsis: Leeds Equity Partners, the New York-based private equity firm, announced its acquisition of a postsecondary schools in Puerto Rico, the National College of Business & Technology. Financial details were not disclosed.
buyer: Leeds Equity Partners
Leeds Equity Partners, LLC, the New York-based private equity firm, manages the largest private equity fund in the United States focused on investments in the education, training and related business services and information industries ("Knowledge Industries").
target: National College of Business & Technology
National College of Business & Technology is a complementary educational institution that offers a range of associate’s and bachelor’s degree programs in healthcare, education, business and information technology. NCBT serves over 5,000 students through 3 campuses in Puerto Rico.
price ($mm)
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closed 3/18/2007 via Company Press Release
 
 
 
 
 
 
 
 

Leeds Equity Partners acquired Instituto de Banca y Comercio

synopsis: Leeds Equity Partners, the New York-based private equity firm,announced its acquisition of the postsecondary school in Puerto Rico, Instituto de Banca y Comercio . Financial details were not disclosed.
buyer: Leeds Equity Partners
Leeds Equity Partners, LLC, the New York-based private equity firm, manages the largest private equity fund in the United States focused on investments in the education, training and related business services and information industries ("Knowledge Industries").
target: Instituto de Banca y Comercio
Instituto de Banca y Comercio is the largest for-profit postsecondary school in Puerto Rico.The school offers a variety of 8 month and 1 year diploma programs in such fields as business, information technology, healthcare, culinary and cosmetology.
price ($mm)
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closed 2/1/2007 via Company Press Release
 
 
 
 
 
 
 
 

National University acquired WestMed College

synopsis: National University has acquired WestMed College as the newest affiliate of the National University System, Dr. Jerry C. Lee, Chancellor of the National University System and President of National University, announced today.
buyer: National University
The National University System is uniquely aligned to connect a diverse population of students to a network of innovative educational programs that are relevant to their lives, careers, and the marketplace and are delivered in a format that respects competing life priorities.
target: WestMed College
WestMed College offers education and training for jobs and careers that are in high demand. WestMed is a team enterprise comprised of students, office staff, instructors, directors, and training partners in the community - all working together to provide quality, affordable training, and education.
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closed 11/23/2009 via BNC Analysis
 
 
 
 
 
 
 
 

Camden Learning Corporation merged with National American University

synopsis: Dlorah, Inc., a privately-held company doing business as National American University, and Camden Learning Corporation, jointly announced they have entered into an Agreement and Plan of Reorganization through which Dlorah and Camden will merge and the combined entity will be a publicly-held company.
buyer: Camden Learning Corporation(CAEL:$0.00)
Camden is a special purpose acquisition company formed in 2007 for the purpose of acquiring through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination one or more businesses or assets.
target: National American University
National American University is a private, regionally-accredited, multi-campus institution of higher learning committed to building a learning partnership with students locally, nationally and worldwide.
price ($mm)
$162
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announced 4/23/2009 via PR Newswire
 
 
 
 
 
 
 
 

ITT Educational Services, Inc. will acquire Daniel Webster College

synopsis: ITT Educational Services, Inc., a leading provider of technology- oriented postsecondary degree programs, reported that it has entered into a definitive purchase agreement to acquire Daniel Webster College.
buyer: ITT Educational Services, Inc.(ESI:$1,319.19)
ITT Technical Institute is the largest US provider of post-secondary technical education, and offers associate and bachelor degree programs to approximately 61,000 students through more than 100 campuses in 37 states.
target: Daniel Webster College
Daniel Webster College educates purposeful men and women for professional entry, advancement, and advanced studies in the fields of aviation, computer science, management, engineering, and social science. DWC currently serves approximately 1,200 students on its 52-acre campus in Nashua, NH.
price ($mm)
$21
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price / rev
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closed 4/1/2009 via Company Press Release
 
 
 
 
 
 
 
 

EduK Group acquired Florida Technical College

synopsis: EduK Group, the leading proprietary postsecondary institution in Puerto Rico, and its majority shareholder Leeds Equity Partners, the New York-based private equity firm, announced the acquisition of Florida Technical College.
buyer parent:Leeds Equity Partners
buyer: EduK Group
EduK Group is the largest for-profit provider of postsecondary education in Puerto Rico, and the 3rd largest postsecondary school system on the island. EduK provides education at 26 locations.
target parent: ForeFront Education, Inc.
target: Florida Technical College
Florida Technical College, founded in 1982, is a private, two-year junior college which offers post-secondary training in specialized business fields. It offers both associate degree programs and diploma programs in health care, design, business and technology related fields.
price ($mm)
$5.00
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closed 4/2/2009 via BusinessWire
 
 
 
 
 
 
 
 

DeVry Inc. acquired Faculdades Nordeste S.A.

synopsis: DeVry Inc., a global provider of educational services, announced that it has completed its acquisition of a majority stake in Fanor, a leading provider of private postsecondary education in northeastern Brazil.
buyer: DeVry Inc.(DV:$2,182.37)
DeVry Inc., is the holding company for DeVry University, Ross University and Becker Conviser Professional Review. DeVry University offers associate, bachelor's and master's degree programs in technology, business and management.
target: Faculdades Nordeste S.A.
Faculdades Nordeste S.A (Fanor) is a leading provider of postsecondary education in Brazil. Fanor operates four brands: Fanor, Area 1, FTE and Ruy Barbosa. These schools offer undergraduate and graduate degree programs in business, law and engineering and currently serve more than 10,000 students.
price ($mm)
$40*
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closed 4/28/2008 via BusinessWire
 
 
 
 
 
 
 
 

The Hamilton White Group, LLC acquired Potomac College

synopsis: Hamilton White Group, the New York-based investment and advisory firm, has acquired Potomac College for an undisclosed amount. Potomac College is highly regarded as an established Washington, DC based postsecondary institution with the Middle States Commission of Higher Education regional accreditation.
buyer: The Hamilton White Group, LLC
The Hamilton White Group is a New York based investment and advisory firm focused on the education services industry. Hamilton White Group and its principals have established a proven track record with acquisitions and management in education and services industries in both the U.S. and Europe.
target: Potomac College
Potomac College provides resources and develops programs that serve the educational needs of working adults. It is a regionally accredited postsecondary institution with locations in Washington, DC and Virginia.
price ($mm)
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*Price paid does not equal Enterprise Value as the buyer aqcuired less than 100% of target

Like High Desert Medical College, Inc.


High Desert Medical College, Inc.

MedVance Institute

MedTech College

Universidad Latina

Saba University School of Medicine

Concorde Career Colleges, Inc.

Javelin Technical Training Center

Universidad Latinoamericana S.C.

U.S. Education Corporation

American University of the Caribbean

South Texas Vocational Technical Institute

MedVance Institute

Camelot Healthcare Training Institute, Inc

Deaconess College of Nursing

Power Pilates

Sebai Institutes

Ross Learning LLC

Career Training Academy, Inc.

Ross Learning LLC

Emergency Training Services, Inc.

High Desert Medical College, Inc.

High Desert Medical College, Inc.

New England Institute of Technology at Palm Beach, Inc.

Education Management Corp

Dorsey Schools

New England Technical Institute

Education Management Corp

Aspect Education Limited

Study Group International Ltd.

Delta Educational Systems, Inc.

INTI International Education Group

Schiller International University

FCC Holdings, Inc.

Education Direct, Inc.

National College of Business & Technology

Instituto de Banca y Comercio

WestMed College

National American University

Daniel Webster College

Florida Technical College

Faculdades Nordeste S.A.

Potomac College

Geography
Matching Companies
Ticker:
 
 
 
 
 
 
 
 
Dade Medical College
Dade Medical College, through its four South Florida campuses, offers Associate and Bachelor of Science degrees in programs that include nursing, radiologic technology, cardiac sonography, diagnostic ultrasound, medical assistant, massage therapy and more.
year
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Ticker: DV
 
 
 
 
 
 
 
 
DeVry Inc.
DeVry Inc.
DeVry Inc. owns and operates DeVry University, Advanced Academics, Ross University, Chamberlain College of Nursing, Carrington College, Carrington College California, Chamberlain College of Nursing, DeVry Brasil, and several other educational institutions.
year
2011
rev ($mm)
$2,182.37
EBITDA ($mm)
$558.75
EBIT ($mm)
$494.18
Net Income ($mm)
$330.40
Employees
10262
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Ticker: CECO
 
 
 
 
 
 
 
 
Career Education Corporation
Career Education Corporation
Career Education Corporation is a dynamic educational services company committed to quality, career-focused learning and led by passionate professionals who inspire individual worth and lifelong achievement.
year
2011
rev ($mm)
$1,884.51
EBITDA ($mm)
$579.49
EBIT ($mm)
$494.99
Net Income ($mm)
$18.57
Employees
8672
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Ticker: COCO
 
 
 
 
 
 
 
 
Corinthian Colleges, Inc.
Corinthian Colleges, Inc.
Corinthian Colleges is one of the largest post-secondary education companies in North America, with annual revenues of $1.3 billion and a student population of over 86,000 students. The company's mission is to prepare students for careers in demand or for advancement in their chosen field.
year
2010
rev ($mm)
$1,763.80
EBITDA ($mm)
$305.55
EBIT ($mm)
$240.75
Net Income ($mm)
$145.97
Employees
11500
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Ticker:
 
 
 
 
 
 
 
 
Alta Colleges, Inc.
Alta Colleges, Inc., is headquartered in Denver, Colorado and is the parent company to Westwood College, Westwood College of Aviation Technology and Westwood Aviation Institute. Alta also owns Test Services, Inc. a franchisee of The Princeton Review, offering test preparation services students.
year
2009
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$350.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
15000
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Ticker:
 
 
 
 
 
 
 
 
National University
National University
The National University System is uniquely aligned to connect a diverse population of students to a network of innovative educational programs that are relevant to their lives, careers, and the marketplace and are delivered in a format that respects competing life priorities.
year
2009
rev ($mm)
$269.54
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
26363
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Ticker: BPI
 
 
 
 
 
 
 
 
Bridgepoint Education, Inc.
Bridgepoint Education was founded in 1999 to provide affordable, accelerated work-place related courses for adult students seeking a bachelor's degree. Bridgepoint's curriculum has helped more than 25,000 students earn a high-quality regionally accredited degree.
year
2008
rev ($mm)
$170.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
10718
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Ticker:
 
 
 
 
 
 
 
 
Brookline College
Brookline College is committed to providing students with the ultimate career focused education experience the way no other career education college can.
year
2008
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Employees
1393
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Ticker:
 
 
 
 
 
 
 
 
Florida State University
Florida State University is a comprehensive, national graduate research university that puts research into action for the benefit of our students and society.
year
2009
rev ($mm)
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Employees
40555
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Ticker:
 
 
 
 
 
 
 
 
University of Georgia
The University of Georgia, a land-grant and sea-grant university with state-wide commitments and responsibilities, is the state's flagship institution of higher education. It is also the state's oldest, most comprehensive and most diversified institution of higher education.
year
2009
rev ($mm)
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Employees
33831
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Ticker: ANEDL
 
 
 
 
 
 
 
 
Anhanguera Educacional Participacoes S.A.
Anhanguera Educacional Participações S.A., together with its subsidiaries, provides education services in Brazil. The company offers its courses in various formats, including on-site classes, lecture broadcast, printed materials, and virtual learning environment.
year
2011
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Ticker:
 
 
 
 
 
 
 
 
Faculdade Boa Viagem
Faculdade Boa Viagem serves about 5,800 students and offers undergraduate, graduate and master's degree programs in business, law, engineering, communication, culinary, hospitality, fashion design, and information technology at three campuses located in the city of Recife.
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Ticker:
 
 
 
 
 
 
 
 
Gateshead College
Gateshead College
Gateshead College is a medium to large general further education college. Gateshead College offers a fantastic range of courses whether you're a school leaver, an adult returning to education or a business looking to train your workforce, from entry level right up to degree level.
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Ticker:
 
 
 
 
 
 
 
 
Harrison Career Institute
Harrison Career Institute
Harrison Career Institute is a private, post-secondary technical school, State licensed in the 5 state area of Pennsylvania, New Jersey, Delaware, Maryland and Washington, D.C. HCI offers programs in some of the fastest growing fields, Medical and Business, with 15 convenient locations.
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Ticker:
 
 
 
 
 
 
 
 
IBT Education Ltd
IBT Education is an industry leader in providing pre-university and university pathway programs for domestic and overseas students, as well as Year 10-12, ELICOS and English preparatory courses, Foundation, Degree, Pre-Masters and Masters programs in a wide range of disciplines.
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Ticker:
 
 
 
 
 
 
 
 
Legacy Education LLC
Legacy Education, LLC is a career institution situated on the leading edge of vocational private postsecondary institutions. Legacy develops progressive programs to serve both growing and emerging industries.
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