Like Carnegie Learning, Inc.

closed 9/12/2011 via BNC Analysis

Apollo Group, Inc., acquired Carnegie Learning, Inc.

synopsis: Apollo Group, Inc. has acquired 100% of the stock of Carnegie Learning, Inc., a publisher of research-based math curricula including the adaptive Cognitive Tutor® math software. Carnegie Learning provides math instruction to more than 600,000 students in 3,000 schools nationwide.
buyer: Apollo Group, Inc. (APOL:$2,000.33)
Apollo Group, Inc. is one of the world's largest private education providers. The Company offers innovative and distinctive educational programs and services both online and on-campus at the undergraduate, master’s and doctoral levels through its subsidiaries. "
target: Carnegie Learning, Inc.
Carnegie Learning, Inc. is a leading publisher of innovative, research-based math curricula for middle school, high school, and post-secondary students. The company provides differentiated instruction in schools across the United States.
price ($mm)
$74
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/6/2018 via BusinessWire

Carnegie Learning, Inc. merged with New Mountain Learning,

synopsis: CIP Capital has completed an investment in Carnegie Learning, a leading provider of innovative, research-proven math products and services, and will be merging it with New Mountain Learning (NML), a leading provider of literacy, language and digital competency skills to create a comprehensive, dynamic, and progressive learning technology company.
buyer parent: CIP Capital
buyer: New Mountain Learning
New Mountain Learning is an education company that accelerates student, educator, and institutional success. Their “formula” for effective learning is simple—provide learning solutions that drive student achievement and improve educator effectiveness. "
target: Carnegie Learning, Inc.
Carnegie Learning is a transformational math education company focused on delivering better math learning to all teachers and students.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/3/2011 via PR Newswire

Kendall Hunt Publishing Co., purchased Six Mathematics Textbook Programs from Key Curriculum Press

synopsis: Key Curriculum Press has sold six high school mathematics textbook programs to Kendall Hunt Publishing. Key Curriculum Press develops effective, high-quality mathematics and science instructional materials and software. In addition, it offers professional development workshops, online courses and webinars.
buyer: Kendall Hunt Publishing Co.
Kendall Hunt Publishing Company publishes educational curricula for kindergarten, college, medical, and professional education. It offers curriculum programs, and professional and supplemental materials for teachers and other educators. "
seller parent: Cinven
seller: Key Curriculum Press
Key Curriculum Press develops effective, high-quality mathematics and science instructional materials and software. In addition, the company offers professional development workshops, online courses and webinars to educators.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/25/2013 via Market Wire

Amazon.com, Inc., acquired TenMarks Education

synopsis: Catamount Ventures and Birchmere Ventures announced that they have completed the sale of TenMarks, a company that is helping teachers and parents deliver innovative mathematics curriculum to students across the country, to Amazon.com, Inc.
buyer: Amazon.com, Inc. (AMZN:$280,522.00)
Amazon.com, Inc. is a Fortune 500 company based in Seattle. Amazon.com, Inc. seeks to be Earth’s most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. "
target: TenMarks Education
TenMarks's web-based math programs have been used by students across tens of thousands of schools and thousands of districts. Each day, students across the country use TenMarks to improve their math skills and confidence.
price ($mm)
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closed 5/19/2011 via PR Newswire

Sophia Learning, LLC, acquired Guaranteach

synopsis: Sophia, a first-of-its-kind online social teaching and learning platform that offers academic content to anyone, anywhere free of charge, announced that it has acquired Guaranteach, a Web-based service that provides tens of thousands of short-form tutorials along with assessment tools to students, teachers, colleges and schools.
buyer: Sophia Learning, LLC
Sophia is a first-of-its-kind social teaching and learning application that makes free, credible academic content available to anyone at anytime by harnessing the power of the Internet to enable everyone to participate in a worldwide learning community. "
target: Guaranteach
Founded in 2008, Guaranteach uses Web-based streaming videos to deliver customized math instruction. The company designs and builds innovative software, to change the way that computers are used in education, combining experience in teaching, parenting, entrepreneurship and technology.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/30/2018 via PR Newswire

Imagine Learning, Inc., acquired Reasoning Mind

synopsis: Weld North Education (WNE), a leading digital education technology company focused on developing digital curriculum and tools for grades pre-K–12, announced its Imagine Learning business acquired Texas-based Reasoning Mind, a leading innovative math curriculum organization addressing the early learning market.
buyer parent: Silver Lake Partners
buyer: Imagine Learning, Inc.
Imagine Learning delivers language, literacy, and mathematics solutions for pre-K–12 students. Students and teachers love Imagine Language & Literacy, Imagine Math, Imagine Math Facts, and Imagine Español because they are research- and evidence-based, data driven, and incredibly fun to use. "
target: Reasoning Mind
Founded in 2000, Reasoning Mind has established itself as one of the highest-quality blended learning organizations for mathematics in the United States, servicing nearly a million students and teachers over 18 years, across several states.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/25/2018 via Company Press Release

Activate Learning, acquired Conceptua Math, LLC

synopsis: Activate Learning, a leader in K-14 STEM curriculum, has acquired Conceptua Math, an innovator in mathematics curriculum for K-5 classrooms. Conceptua Math deploys online technology to enable multi-faceted classroom experiences. Students log into personalized lessons, receiving instant feedback while the program tracks granular data.
buyer parent: Palm Ventures, LLC
buyer: Activate Learning
Activate Learning is a leading provider of investigation-centered, K-14 mathematics and science curricula. The curricula were developed in partnership with leading universities through grants from the National Science Foundation and National Institutes of Health. "
target: Conceptua Math, LLC
Conceptua Math is an innovator in mathematics curriculum for K-5 classrooms. Conceptua Math deploys online technology to enable multi-faceted classroom experiences. Students log into personalized lessons, receiving instant feedback while the program tracks granular data.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/30/2016 via PR Newswire

McGraw-Hill Education, acquired Redbird Advanced Learning

synopsis: McGraw-Hill Education announced the acquisition of Redbird Advanced Learning, LLC, a leading digital personalized learning company that offers courses in K-12 math, language arts and writing and virtual professional development programs for educators. Terms of the transaction were not disclosed.
buyer parent: Apollo Global Management
buyer: McGraw-Hill Education
McGraw-Hill Education is a digital learning company that draws on its more than 100 years of educational expertise to offer solutions that improve learning outcomes around the world. "
target: Redbird Advanced Learning
Founded in 2013 and headquartered in Oakland, CA, Redbird Advanced Learning is a digital personalized learning company that offers courses in K-12 math, language arts and writing and virtual professional development programs for educators.
price ($mm)
rev ($mm)
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EV / EBITDA
closed 5/29/2015 via BusinessWire

Houghton Mifflin Harcourt, acquired Scholastic Educational Technology and Services

synopsis: Global learning company Houghton Mifflin Harcourt announced that it has completed its previously-announced acquisition of the Educational Technology and Services business of Scholastic Corporation. The EdTech segment of Scholastic provides digital intervention curriculum, products and services to schools and districts throughout the United States.
buyer: Houghton Mifflin Harcourt (HMHC:$1,387.60)
Houghton Mifflin Harcourt (HMH) is a leading provider of pre-K–12 education content, services, and cutting-edge technology solutions across a variety of media, HMH enables learning in a changing landscape. "
target parent: Scholastic Inc.
target: Scholastic Educational Technology and Services
The EdTech segment of Scholastic provides digital intervention curriculum, products and services to schools and districts throughout the United States as well as related implementation and assessment services and school consulting services.
price ($mm)
$575
rev ($mm)
$249
EBITDA ($mm)
$68
EV / rev
2.3x
EV / EBITDA
8.5x
closed 3/23/2010 via Company Press Release

School Specialty, Inc., purchased Think Math! from Houghton Mifflin Harcourt

synopsis: School Specialty announced it has acquired the rights to the Think Math!(TM) curriculum product from Houghton Mifflin Harcourt Publishing Company. Think Math! is a comprehensive K-5 curriculum that combines research-based methodologies and data-driven strategies to meet the needs of today's diverse classrooms.
buyer: School Specialty, Inc. (OTCPK:SCOO:$674.03)
School Specialty, Inc. is an education company serving the pre K-12 market with supplemental learning products, school furniture, children's publishing and specialized buying services. "
seller: Houghton Mifflin Harcourt (HMHC:$1,387.60)
Houghton Mifflin Harcourt publishes a comprehensive set of best-in-class pre-K–12 educational solutions, ranging from research-based textbook programs to instructional technology to standards-based assessments for students and educators
price ($mm)
$1.80
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/4/2008 via Company Press Release

John Wiley & Sons, Inc., purchased higher education titles from Key Curriculum Press

synopsis: Global publisher John Wiley & Sons, Inc. has acquired a list of higher education mathematics and statistics titles from Key College Publishing, the higher education division of Key Curriculum Press. Key Curriculum Press is a publisher of inquiry-based textbooks, software and supplemental materials for elementary, middle and high school students.
buyer: John Wiley & Sons, Inc. (NYSE:JW.A:$1,848.05)
John Wiley & Sons is a global publisher of print and electronic products, specializing in scientific, technical, and medical books and journals; professional and consumer books and subscription services; and textbooks and other educational materials for students as well as lifelong learners. "
seller parent: Cinven
seller: Key Curriculum Press
Key Curriculum Press specializes in print and electronic media for mathematics and is regarded in the USA as a pioneer in the effort to reform the mathematics curricula. The newly developed programs are aimed especially at the college and high school market.
price ($mm)
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EV / EBITDA
announced 8/11/2016 via BNC Analysis

Avantel Limited, will acquire Wonder Whizkids

synopsis: Avantel, a company that specializes in integrating technologies related to wireless front-end, Satellite Communication, Network management, Software development and more, is acquiring Wonderwhizkids (Wiki Kids Limited), an e-Learning portal for K-8 to K-12 math & science students.
buyer: Avantel Limited (BSE:532406:$3.69)
Avantel specializes in integrating technologies related to wireless front-end, Satellite Communication, Embedded systems, Signal Processing, Network management and Software development. They are based in Hyderabad, India. "
target: Wonder Whizkids
Wonderwhizkids (Wiki Kids Limited) is an e-Learning portal for K-8 to K-12 math & science students in India. The portal features math, biology, physics and chemistry concepts aligned with International Baccalaureate, Advanced Placements and NCERT standards.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/3/2020 via BNC Analysis

Aakash Educational Services Limited, will acquire Meritnation

synopsis: Aakash Educational Services Ltd, a leading educational institution in India, will acquire a 66% stake in Meritnation from Info Edge, India’s premier online classifieds company. Meritnation is an Indian company that develops study content and assessment modules for students of classes I - XII. Meritnatio offers content for math, science and English.
buyer: Aakash Educational Services Limited
Aakash is a leading educational institution in India. Aakash provides comprehensive test preparatory services to students preparing for medical and engineering entrance exams, school/board exams, KVPY, NTSE, Olympiads and other Foundation level exams. "
target parent: Info Edge
target: Meritnation
Meritnation is an Indian company that develops study content and assessment modules for students of classes I - XII. Meritnatio offers content for mathematics, science and English. They also offer online and offline test preparation modules for various undergraduate entrance examinations.
price ($mm)
$7.00*
rev ($mm)
$5
EBITDA ($mm)
EV / rev
2.2x
EV / EBITDA
closed 11/29/2019 via BNC Analysis

Sandbox & Co., acquired Hopster TV

synopsis: Sandbox and Co., UK's millennial learning company with a portfolio of digital products and services which help children learn while they play, has acquired Hopster, a company whose content helps develop kids’ literacy, numeracy and encourage exploring the world around them.
buyer: Sandbox & Co.
Sandbox and Co. is UK's millennial learning company with a portfolio of digital products and services which help children learn while they play. Their brands focus on globally relevant core subjects, encourage children to build on curiosity and help them develop 21st century skills. "
target: Hopster TV
By offering only developmental shows and then using them to power a carefully developed early years curriculum, UK's Hopster delivers a service parents can feel good about giving to their kids. Their content helps develop kids’ literacy, numeracy and encourage exploring the world around them.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/8/2019 via Company Press Release

Nearpod, acquired Flocabulary

synopsis: Nearpod, an all-in-one solution for the synchronized use of iPads in the classroom, has acquired Flocabulary, a learning program for all grades. Flocabulary uses educational hip-hop music to engage students and increase achievement across the curriculum. Their standards-based videos and instructional activities help develop core literacy skills.
buyer: Nearpod
Nearpod is an all-in-one solution for the synchronized use of iPads in the classroom. Nearpod makes lectures more engaging through interactive multimedia presentations. With Nearpod, teachers can create mobile presentations, engage students in class, and assess them in real time. "
target: Flocabulary
Flocabulary is a learning program for all grades. Flocabulary uses educational hip-hop music to engage students and increase achievement across the curriculum. Teachers use Flocabulary’s standards-based videos and instructional activities to supplement instruction and develop core literacy skills.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/25/2018 via BNC Analysis

Byju's, acquired Math Adventures

synopsis: Byju's, India's largest Ed-tech company and greater of a k12 learning app that offers highly adaptive, engaging, and effective learning programs for students, has acquired Math Adventures, a venture that offers math content for k-12 students, using short videos and activity-based approaches involving workbooks and tablets.
buyer: Byju's
Based in India, Byju’s is India’s largest Ed-tech company and the creator of India’s largest K12 learning app which offers highly adaptive, engaging and effective learning programs for students in classes 4-12 (K-12) and competitive exams like JEE, NEET, CAT, IAS, GRE and GMAT. "
target: Math Adventures
Math Adventures offers math-content for k-12 students using a combination of short videos and activity-based approach, involving workbooks and tablets. Math adventures can also be partnered with schools to incorporate into teachers' math program lesson plans.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/26/2016 via Company Press Release

Imagine Learning, Inc., acquired Think Through Math

synopsis: Imagine Learning, a leader in elementary language and literacy software solutions, announced its acquisition of Pittsburgh-based Think Through Learning Inc., provider of the Think Through Math supplemental online math program.
buyer parent: Weld North LLC
buyer: Imagine Learning, Inc.
Imagine Learning, Inc., a Utah-based company, was founded with one goal in mind: to teach English to the children of the world. Today Imagine Learning English is being used by tens of thousands of students in hundreds of schools across the United States and around the world. "
target: Think Through Math
Think Through Math is a leader in education technology innovation, and is transforming math education in schools with the adaptive learning technology. Think Through Math integrates state-certified teachers who tutor struggling students live to improve math understanding.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/10/2015 via Company Press Release

Digischool, acquired L'île des Mathématiques

synopsis: digiSchool, an online education community, acquired L'île des Mathématiques (IleMaths.net), a leading website for online mathematics which brings together more than 1.7 million users a month and has over 500,000 registered members.
buyer: Digischool
Digischool is the leading online community for the 15-25 year old demographic, uniting young people around the access and sharing of knowledge. Digischool was founded by Thierry Debarnot and Anthony Kuntz in 2011 with the belief that education and teaching were undergoing a digital revolution. "
target: L'île des Mathématiques
L'île des Mathématiques (ILEmaths.net) was founded in 1999 by Tom Pascal and his wife, a mathematics teacher. ILEmaths.net offers students online resources that are free and easily searchable.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/2/2012 via PR Newswire

McGraw-Hill Education, acquired Key Curriculum Press

synopsis: McGraw-Hill Education, a division of The McGraw-Hill Companies, Inc., announced the acquisition of Key Curriculum, a privately held developer of mathematics learning technology in the K-12 and higher education markets. Key Curriculum will contribute to the development of McGraw-Hill Education's math technologies.
buyer parent: The McGraw-Hill Companies, Inc.
buyer: McGraw-Hill Education
McGraw-Hill Education is a leading global provider of educational materials, information and solutions for the Pre-K through 12th grade, Assessment, Higher Education and Professional markets. "
target parent: EQT Partners AB
target: Key Curriculum Press
Key Curriculum Press develops effective, high-quality mathematics instructional materials and software.It offers professional development workshops, online courses and webinars to provide educators with the training, experience and support they need to incorporate effective teaching strategies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/13/2010 via PR Newswire

Scholastic Inc., acquired Math Solutions

synopsis: Scholastic, the global children's publishing, education, and media company, announced that it has acquired Math Solutions, a leading authority on K-12 mathematics instruction, providing teachers with the highest quality professional development services, publications and resources.
buyer: Scholastic Inc. (SCHL:$1,679.40)
Scholastic is a global children’s publishing and media company in both education and entertainment. Scholastic’s 78 year reputation for quality, learning and fun is based on a long-term relationship with teachers, parents and children, and its unique ability to understand what kids want and need. "
target: Math Solutions
Founded in 1984 by renowned educator Marilyn Burns, Math Solutions is dedicated to improving the teaching of mathematics by providing professional development and resources of the highest quality to K–8 teachers and administrators.
price ($mm)[EV]
$9.30 [$8.00]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/6/2018 via BusinessWire

Carnegie Learning, Inc. merged with New Mountain Learning,

synopsis: CIP Capital has completed an investment in Carnegie Learning, a leading provider of innovative, research-proven math products and services, and will be merging it with New Mountain Learning (NML), a leading provider of literacy, language and digital competency skills to create a comprehensive, dynamic, and progressive learning technology company.
buyer parent: CIP Capital
buyer: New Mountain Learning
New Mountain Learning is an education company that accelerates student, educator, and institutional success. Their “formula” for effective learning is simple—provide learning solutions that drive student achievement and improve educator effectiveness. "
target: Carnegie Learning, Inc.
Carnegie Learning is a transformational math education company focused on delivering better math learning to all teachers and students.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/13/2017 via BusinessWire

Carnegie Learning, Inc., acquired Globaloria

synopsis: Carnegie Learning, Inc., a research-proven leader of mathematics technology, curriculum, and services, has announced that it has acquired Globaloria, a nationally recognized provider of computer science courses and pathways that engage students in learning computer science, applied software engineering, and coding.
buyer: Carnegie Learning, Inc.
Carnegie Learning is a transformational mathematics education company focused on delivering better mathematics learning to all teachers and students. Through research-proven software, textbooks, and professional learning and data analysis services, Carnegie Learning is helping students to succeed. "
target: Globaloria
Globaloria is a leading national provider of computer science education. Its blended-learning platform, course catalog for students, and comprehensive teacher-training courses enable PreK-12 students to become socially-minded, innovative change-makers through computer science learning programs.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/12/2011 via BNC Analysis

Apollo Group, Inc., acquired Carnegie Learning, Inc.

synopsis: Apollo Group, Inc. has acquired 100% of the stock of Carnegie Learning, Inc., a publisher of research-based math curricula including the adaptive Cognitive Tutor® math software. Carnegie Learning provides math instruction to more than 600,000 students in 3,000 schools nationwide.
buyer: Apollo Group, Inc. (APOL:$2,000.33)
Apollo Group, Inc. is one of the world's largest private education providers. The Company offers innovative and distinctive educational programs and services both online and on-campus at the undergraduate, master’s and doctoral levels through its subsidiaries. "
target: Carnegie Learning, Inc.
Carnegie Learning, Inc. is a leading publisher of innovative, research-based math curricula for middle school, high school, and post-secondary students. The company provides differentiated instruction in schools across the United States.
price ($mm)
$74
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/6/2017 via BusinessWire

Kaplan Professional, acquired College For Financial Planning

synopsis: Kaplan Professional, a unit of global education provider Kaplan, Inc., has closed its transaction with Apollo Education Group, Inc., to acquire the College for Financial Planning (CFFP). CFFP provides financial education and training to individuals through comprehensive programs of study that lead to licensing or certification.
buyer parent: Graham Holdings Company
buyer: Kaplan Professional
Kaplan Professional helps professionals obtain in-demand certifications, licensing and designations that enable them to advance and succeed in their careers. "
target parent: Apollo Education Group Inc.
target: College For Financial Planning
Founded in 1972, the College for Financial Planning provides accessible and flexible degree, non-degree, and continuing professional education programs to students nationwide.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
announced 11/8/2017 via BNC Analysis

Oakley Capital Investments Limited, will acquire Career Partner GmbH

synopsis: Oakley Capital Investments said one of its private equity funds has agreed to acquire Career Partner Group from Apollo Education Group. Career Partner offers an extensive selection of educational programmes for school and university graduates, in many different formats and with the largest number of specializations in all areas of management.
buyer parent: Oakley Capital Limited
buyer: Oakley Capital Investments Limited (AIM:OCL:$108.70)
Oakley Capital Investments Limited ("OCI"), an AIM listed company, seeks to provide investors with long term capital appreciation, through its investment in the Funds of Oakley Capital Private Equity and through co-investment opportunities. "
target parent: Apollo Education Group Inc.
target: Career Partner GmbH
Career Partner Group (CPG) is Germany’s leading provider of private education and personnel development. CPG offers academic state-approved study programs, certified trainings, and innovative continuous education programs for experts and managers of all industries.
price ($mm)
$99*
rev ($mm)
$71
EBITDA ($mm)
$12
EV / rev
1.7x
EV / EBITDA
10.4x
announced 10/13/2017 via BNC Analysis

Brimstone Investment Corporation Limited, Curro Holdings Limited, will acquire Milpark Education Ltd

synopsis: Curro Holdings, through its subsidiary Stadio Holdings, and Brimstone Investment Corporation have agreed to acquire 100% of Milpark Education. Curro will acquire a 70% stake in Milpark, and Brimstone will acquire a 30% stake. Milpark was established in 1997 as one of the first private providers of higher education in South Africa.
buyer: Curro Holdings Limited (JSE:COH:$184.43)
buyer: Brimstone Investment Corporation Limited (JSE:COH:$209.63)
Curro Holdings Limited acquires, develops, and manages private schools in South Africa. Their mission is to make quality independent school education accessible to more learners. Curro also provides full-time teacher education qualifications, as well as in-service training for practising teachers. "
target parent: Apollo Education Group Inc.
target: Milpark Education Ltd
Milpark Education was one of the first private providers of higher management education in South Africa and is a leading provider of Higher Education and Further Education and Training qualifications. Milpark's MBA has been rated in the Top 10 of Accredited Business Schools in South Africa.
price ($mm)
$23
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/1/2017 via BusinessWire

Apollo Global Management, Najafi Companies, The Vistria Group, acquired Apollo Education Group Inc.

synopsis: Apollo Education Group, Inc., one of the world’s largest private education providers, announced the completion of its acquisition by a consortium of investors including The Vistria Group, LLC and funds affiliated with Apollo Global Management, LLC.
buyer: Apollo Global Management (NYSE:APO:$2,833.48)
buyer: The Vistria Group
buyer: Najafi Companies
The Vistria Group, LLC is a private equity firm specializing in mid-market buyouts. Apollo Global Management are contrarian, value-oriented investors in private equity, credit and real estate. Najafi Companies is an International private investment firm. "
target: Apollo Education Group Inc. (APOL:$2,000.33)
Apollo Education Group, Inc. is one of the world’s largest private education. Through its subsidiaries Apollo Global, University of Phoenix, and more, it offers innovative and distinctive educational programs and services, online and on-campus, at the undergraduate, masters and doctoral levels.
price ($mm)[EV]
$1,140 [$578]
rev ($mm)
$2,328
EBITDA ($mm)
$263
EV / rev
0.3x
EV / EBITDA
2.2x
closed 12/10/2015 via BusinessWire

Apollo Global, Inc., acquired Career Partner GmbH

synopsis: Apollo Global, a company that make investments primarily in the international education services sector, acquired Career Partner GmbH (“CPG”). CPG is one of the largest proprietary postsecondary education providers in Germany and provides on-campus and online bachelor and master programs in business and tourism, and corporate training programs.
buyer parent: Apollo Education Group Inc.
buyer: Apollo Global, Inc.
Apollo Global is an education company specializing in helping students transform both their personal future and that of their communities through education at a variety of levels. Apollo Global institutions are universities, colleges and schools committed to enhancing student learning. "
target: Career Partner GmbH
Career Partner is Germany’s leading full-service provider of human resource development and private higher education. Career Partner offers solutions for every personal learning style in the form of classroom, blended or online learning for optimal achievement of objectives.
price ($mm)
$107
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/5/2014 via BusinessWire

Apollo Global, Inc., acquired Faculdade da Educacional da Lapa

synopsis: Apollo Education Group, Inc. announced its wholly-owned subsidiary Apollo Global, Inc. acquired a majority interest in Sociedade Técnica Educacional da Lapa S.A., which offers educational programs under the name Faculdade da Educacional da Lapa (“FAEL”). FAEL allows access to quality education through innovative distance teaching methodology.
buyer parent: Apollo Education Group Inc.
buyer: Apollo Global, Inc.
Apollo Global was formed to make investments primarily in the international education services sector. Apollo Global provides business and technology management, consulting and training and operational services in the fields of higher education and education administration to its network of schools."
target: Faculdade da Educacional da Lapa
FAEL was established in 1998 to allow access to knowledge and quality education through innovative distance teaching methodology. FAEL is focused on providing blended learning offerings in the top three high-demand knowledge fields, including business, education, and technology.
price ($mm)
$29*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/20/2014 via BusinessWire

Apollo Global, Inc., acquired Milpark Education Ltd

synopsis: Apollo Education Group, Inc. announced its wholly-owned subsidiary Apollo Global, Inc. closed on the acquisition of an 81% consolidated interest in Milpark Education (Pty) Ltd., one of South Africa's leading private tertiary education providers.
buyer parent: Apollo Education Group Inc.
buyer: Apollo Global, Inc.
Apollo Global was formed to make investments primarily in the international education services sector. Apollo Global provides business and technology management, consulting and training and operational services in the fields of higher education and education administration to its network of schools."
target: Milpark Education Ltd
Milpark Education was one of the first private providers of higher management education in South Africa and is a leading provider of Higher Education and Further Education and Training qualifications. It is one of South Africa's leading private tertiary education providers
price ($mm)
$25*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/17/2013 via BusinessWire

Apollo Group, Inc., will acquire Open Colleges

synopsis: Apollo Global, Inc., provider of business and technology management to the higher education sector, has agreed to acquire Open Colleges Australia Pty Ltd, one of Australia's oldest and largest providers of distance learning. Open Colleges is a leader in online learning in Australia delivering more than 130 courses.
buyer: Apollo Group, Inc. (APOL:$2,000.33)
Apollo Group, Inc., through its subsidiaries, University of Phoenix, Apollo Global, Carnegie Learning, College for Financial Planning, and Institute for Professional Development, is a provider of higher education programs for working adults. "
target: Open Colleges
Open Colleges is a leader in online learning in Australia delivering more than 130 courses, including nationally recognized qualifications, in disciplines such as health care, community services, business and management, finance and accounting, technology and design.
price ($mm)
$98*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/18/2012 via PR Newswire

Levine Leichtman Capital Partners Inc., acquired MPW

synopsis: Levine Leichtman Capital Partners, a Los Angeles-based private equity firm, announced that it has partnered with management to complete the acquisition of Mander Portman Woodward Limited. MPW is a leading provider of high quality private education for students in their crucial transition from secondary school into UK universities.
buyer: Levine Leichtman Capital Partners Inc.
Levine Leichtman Capital Partners is a Los Angeles, California-based investment firm that manages approximately $5.0 billion of institutional investment capital through private equity partnerships, distressed debt and leveraged loan funds. "
target parent: Apollo Group, Inc.
target: MPW
MPW is a leading provider of high quality private education for students in their crucial transition from secondary school into UK universities. It provides educational offerings to both domestic and international students who plan to continue their education at prominent universities in the UK.
price ($mm)
$85
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/12/2011 via BNC Analysis

Apollo Group, Inc., acquired Carnegie Learning, Inc.

synopsis: Apollo Group, Inc. has acquired 100% of the stock of Carnegie Learning, Inc., a publisher of research-based math curricula including the adaptive Cognitive Tutor® math software. Carnegie Learning provides math instruction to more than 600,000 students in 3,000 schools nationwide.
buyer: Apollo Group, Inc. (APOL:$2,000.33)
Apollo Group, Inc. is one of the world's largest private education providers. The Company offers innovative and distinctive educational programs and services both online and on-campus at the undergraduate, master’s and doctoral levels through its subsidiaries. "
target: Carnegie Learning, Inc.
Carnegie Learning, Inc. is a leading publisher of innovative, research-based math curricula for middle school, high school, and post-secondary students. The company provides differentiated instruction in schools across the United States.
price ($mm)
$74
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/2/2011 via BusinessWire

Apollo Group, Inc., will purchase eLearning Technology from Carnegie Mellon University

synopsis: Apollo Group, Inc. announced that it has agreed to acquire eLearning Technology from Carnegie Mellon University. The acquisition allows Apollo to accelerate its efforts to incorporate adaptive learning into its academic platform and to provide tools to help raise student achievement in mathematics.
buyer: Apollo Group, Inc. (APOL:$2,000.33)
Apollo Group, Inc. is one of the world's largest private education providers. The Company offers innovative and distinctive educational programs and services both online and on-campus at the undergraduate, master’s and doctoral levels through its subsidiaries. "
seller: Carnegie Mellon University
Carnegie Mellon University is an educational and research institution. The university was founded in 1900 and is based in Pittsburgh, Pennsylvania. It has endowment assets worth $756 million.
price ($mm)
$22
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/25/2011 via Wall Street Journal

Kaplan Virtual Education, acquired Insight Schools

synopsis: Kaplan Virtual Education, which provides online education for grades six through 12, bought Insight Schools Inc. from Apollo Group Inc.
buyer parent: The Washington Post Company
buyer: Kaplan Virtual Education
Kaplan Virtual Education (KVE) is a subsidiary of Kaplan, Inc. In partnership with school districts and charter schools, KVE operates online public schools in eight states for students in grades 6-12 and also operates online private schools serving similar grades. "
target parent: Apollo Group, Inc.
target: Insight Schools
Insight Schools partners with local communities and school districts to build and operate their schools. Insight School of Washington is a statewide, online public alternative high school; as a public school, the program is tuition-free to students resident in Washington.
price ($mm)
$6.30
rev ($mm)
$32
EBITDA ($mm)
EV / rev
0.3x
EV / EBITDA
closed 7/29/2009 via BusinessWire

Apollo Group, Inc., acquired BPP Holdings Plc

synopsis: Apollo Group, Inc. announced that its majority-owned subsidiary Apollo Global, Inc. has completed the previously announced acquisition of UK-based BPP Holdings plc. Founded in 1976 and based in London, England, BPP is a leading provider of education and training to professionals in the legal and finance industries.
buyer: Apollo Group, Inc. (APOL:$2,000.33)
Apollo Group, Inc. has been an education provider for more than 30 years, providing academic access and opportunity to students through its subsidiaries, University of Phoenix, College for Financial Planning, Western International University, Meritus University, Insight Schools and Apollo Global. "
target: BPP Holdings Plc
Founded in 1976 and based in London, England, BPP enjoys an excellent reputation among business and legal communities throughout Europe. The institution is organized into three business divisions: Professional Education, College of Professional Studies, and Mander Portman Woodward.
price ($mm)[EV]
$485 [$529]
rev ($mm)
$264
EBITDA ($mm)
$47
EV / rev
2.0x
EV / EBITDA
11.2x
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:$2,000.33)
Apollo Group, Inc. has been an education provider for more than 30 years, providing academic access and opportunity to students through its subsidiaries, University of Phoenix, College for Financial Planning, Western International University, Meritus University, Insight Schools and Apollo Global. "
target parent: The Carlyle Group
target: Universidad Latinoamericana S.C.
Founded in 1975, Universidad Latinoamericana is renowned for its dentistry, medicine and communications programs accredited by the Ministry of Public Education (Secretaría de Educación Publica, SEP) in Mexico.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/1/2008 via

Apollo Group, Inc., acquired Universidad de Artes, Ciencias y Comunicación

synopsis: Apollo Group, Inc. announced that its consolidated subsidiary, Apollo Global, Inc., has agreed to acquire Universidad de Artes, Ciencias y Comunicación, an accredited, private arts and communications university in Chile, as well as its related entities.
buyer: Apollo Group, Inc. (APOL:$2,000.33)
Apollo Group, Inc. has been an education provider for more than 30 years, providing academic access and opportunity to students through its subsidiaries, University of Phoenix, College for Financial Planning, Western International University, Meritus University, Insight Schools and Apollo Global. "
target: Universidad de Artes, Ciencias y Comunicación
Universidad de Artes, Ciencias y Comunicación is one of the leading arts and communications universities in Latin America and is renowned for its faculty and state-of-the-art technology. Accredited by the Chilean Council of Higher Education, UNIACC offers 18 bachelor’s and two master’s programs.
price ($mm)[EV]
$22 [$42]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/30/2007 via BusinessWire

Apollo Group, Inc., acquired Aptimus, Inc.

synopsis: Apollo Group, Inc. completed its acquisition of Aptimus, an online advertising network. The acquisition aids in the furtherance of Apollo’s broader efforts to position the Company to best monitor, manage and control its marketing investments and brands, with the goal of increasing awareness of and access to quality and affordable education.
buyer: Apollo Group, Inc. (APOL:$2,000.33)
Apollo Group, Inc. has been an education provider for more than 30 years, providing academic access and opportunity to students through its subsidiaries, University of Phoenix, College for Financial Planning, Western International University, Meritus University, Insight Schools and Apollo Global. "
target: Aptimus, Inc.
Aptimus' unique performance-based advertising network delivers qualified customer leads through presenting offers at the points of download, log-in, registration, and other active locations across a diverse set of major publishers such as AOL, Tickle, DriverGuide, and PictureTrail.
price ($mm)[EV]
$46 [$44]
rev ($mm)
$17
EBITDA ($mm)
EV / rev
2.7x
EV / EBITDA
closed 1/10/2007 via AP - Associated Press

Apollo Group, Inc., acquired Insight Schools

synopsis: Apollo Group, Inc. has acquired Insight Schools, an innovator in online high school education. Insight Schools, based in Portland, Oregon, is led by a management team with significant experience in the area of K-12 online education.
buyer: Apollo Group, Inc. (APOL:$2,000.33)
Apollo Group, Inc. has been an education provider for more than 30 years, providing academic access and opportunity to students through its subsidiaries, University of Phoenix, College for Financial Planning, Western International University, Meritus University, Insight Schools and Apollo Global. "
target: Insight Schools
Insight Schools partners with local communities and school districts to build and operate their schools. Insight School of Washington is a statewide, online public alternative high school; as a public school, the program is tuition-free to students resident in Washington.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/6/2020 via PR Newswire

EDIC College, Inc. merged with Columbia Central University,

synopsis: Renovus Capital Partners, a Philadelphia-area investment firm, announced that its portfolio company, EDIC College, a Caguas Puerto Rico based health sciences college has merged with Columbia Central University ("CCU"). EDIC College is a post-secondary educational institution that provides degree programs aimed at high-demand areas of health care.
buyer: Columbia Central University
Columbia Central University was founded in 1966, as Caguas City College. It is a non-sectarian, proprietary institution of higher education committed to an environment of academic excellence and quality services. "
target parent: Renovus Capital
target: EDIC College, Inc.
EDIC College is a post-secondary educational institution that provides degree and diploma programs aimed at high-demand areas of health care. With a solid academic background that combines theory and practice as a primary method of learning, EDIC is committed to preparing competent professionals.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/1/2020 via BNC Analysis

Anima Educacao, will acquire UniFG

synopsis: Anima Educacao, one of Brazil’s largest private higher education organizations, will acquire a 55% stake in UniFG, a higher education institution in Brazil. UniFG offers 25 undergraduate and 30 postgraduate courses for social science, healthcare, humanities, and engineering.
buyer: Anima Educacao (BOVESPA:ANIM3:$232.75)
Anima Educacao is one of Brazil’s largest private higher education organizations, both in terms of revenue and the number of enrolled students. It has at least 79,000 students enrolled in classroom courses at 18 campuses located in the states of Minas Gerais and São Paulo. "
target: UniFG
UniFG is a higher education institution in Brazil. UniFG offers 25 undergraduate and 30 postgraduate courses for social science, healthcare, humanities, and engineering. UniFG's mission is to help students become knowledgeable professionals that are dedicated to improving their communities.
price ($mm)
$13*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/10/2020 via BNC Analysis

YDUQS, will acquire Athenas Grupo Educacional

synopsis: YDUQS, Brazil's second largest private higher education organization, will acquire Athenas Grupo Educacional, one of the largest educational groups in Brazil. Athenas operates 5 higher education institutions in Brazil. Their schools serve over 9,000 students and offers over 60 undergraduate and graduate courses.
buyer: YDUQS
YDUQS is Brazil's second largest private higher education organization. YDUQS offers graduate, masters, technical courses, and other related programs. YDUQS serves over 570 thousand students through their 10 university centers and 37 higher education schools. "
target: Athenas Grupo Educacional
Athenas Grupo Educacional is one of the largest educational groups in Brazil. Athenas operates 5 higher education institutions in Brazil. Their schools serve over 9,000 students and offers over 60 undergraduate and graduate courses.
price ($mm)
$24
rev ($mm)
$19
EBITDA ($mm)
$3
EV / rev
3.2x
EV / EBITDA
20.0x
announced 6/4/2020 via Company Press Release

Vose Seminary will be merged with Morling College,

synopsis: Vose Seminary, a Christian educational institution located in Bentley, Western Australia, has agreed to merge with Morling College, a Baptist theological college in Macquarie Park, New South Wales.
buyer: Morling College
Morling College is a Baptist theological college in Macquarie Park, New South Wales. It is an approved teaching institution of the Australian College of Theology and a registered teaching institution of the University of Divinity and is a member of the South Pacific Association of Bible Colleges. "
target: Vose Seminary
Vose Seminary, formerly the Baptist Theological College of Western Australia, is a Christian educational institution located in Bentley, Western Australia. They offer programs for undergraduate, graduate, research, and mission study.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/12/2020 via BNC Analysis

Anima Educacao, acquired Faseh

synopsis: Anima Educacao, one of Brazil’s largest private higher education organizations, has acquired Faculdade da Saude e Ecologia Humana (Faseh), which offers higher education courses related to medicine, nursing, physiotherapy, law, civil engineering, and production engineering. The company was founded in 1998 and is based in Brazil.
buyer: Anima Educacao (BOVESPA:ANIM3:$232.75)
Anima Educacao is one of Brazil’s largest private higher education organizations, both in terms of revenue and the number of enrolled students. It has at least 79,000 students enrolled in classroom courses at 18 campuses located in the states of Minas Gerais and São Paulo. "
target: Faseh
Faculdade da Saude e Ecologia Humana offers higher education courses related to medicine, nursing, physiotherapy, law, civil engineering, and production engineering. The company was founded in 1998 and is based in Brazil.
price ($mm)
$19
rev ($mm)
$11
EBITDA ($mm)
$1
EV / rev
1.7x
EV / EBITDA
13.6x
closed 3/11/2020 via Company Press Release

Roosevelt University, acquired Robert Morris University Illinois

synopsis: Roosevelt University, an independent, non-profit, metropolitan university, has acquired Robert Morris University Illinois (RMU), a not-for-profit associate, baccalaureate, and master’s degree-granting institution. RMU provides education that meets the demands of today’s business, graphic arts, health care, culinary and technical world.
buyer: Roosevelt University
Roosevelt University is an independent, non-profit, metropolitan university. Roosevelt University offers a broad array of academic programs, from the baccalaureate through doctoral levels, in a highly interactive environment where students can develop their unique abilities and interests. "
target: Robert Morris University Illinois
Robert Morris University Illinois (RMU) is a not-for-profit associate, baccalaureate, and master’s degree-granting institution. RMU serves over 4500 students interested in getting an education that meets the demands of today’s business, graphic arts, health care, culinary and technical world.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/6/2020 via BusinessWire

CPP Investment Board, Montagu Private Equity, will acquire Galileo Global Education

synopsis: Galileo Global Education, a leading international provider of higher education and Europe’s largest higher education group, is to be acquired by a consortium comprised of global long-term institutional investors, including Canada Pension Plan Investment Board and Montagu, alongside existing shareholders Téthys Invest and Bpifrance.
buyer: CPP Investment Board
buyer: Montagu Private Equity
The consortium is comprised of global long-term institutional investors, including Canada Pension Plan Investment Board, through its wholly-owned subsidiary, CPP Investment Board Europe S.à r.l., and Montagu, alongside existing shareholders Téthys Invest and Bpifrance. "
target parent: Providence Equity Partners Inc.
target: Galileo Global Education
Galileo Global Education is a post-secondary education group focused on providing students with access to higher education in the fields of applied arts, design, communication and management, in selected countries around the world.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/2/2020 via GlobeNewswire

Hope Education Group, will acquire INTI International University and Colleges

synopsis: Hope Education Group, a private higher education group in China, will acquire INTI International University and Colleges from Laureate Education, an international network of degree granting higher education institutions. INTI is a group of higher education institutions in Malaysia that offers undergraduate and graduate degrees in various sectors.
buyer: Hope Education Group (SEHK:1765:$157.53)
Hope Education Group is the second-largest private higher education group in China. Hope Education Group operates four independent colleges and five junior colleges in China. The group offers services for undergraduate, vocational college, and technical college. "
target parent: Kohlberg Kravis Roberts & Co.
target: INTI International University and Colleges
INTI International University and Colleges is a group of higher education institutions in Malaysia. INTI offers undergraduate and graduate degrees in business and law, computing and information technology, engineering and technology, languages and liberal arts, and applied sciences and mathematics.
price ($mm)
$140
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/25/2020 via BNC Analysis

Serba Dinamik Group Bhd, will acquire University Malaysia of Computer Science & Engineering

synopsis: Serba Dinamik is to acquire the entire business of University Malaysia of Computer Science & Engineering (UNIMY), which was owned and operated by Prestariang Education Sdn Bhd (PESB), from Prestariang. UNIMY offers a host of undergraduate and postgraduate programs in computer science.
buyer: Serba Dinamik Group Bhd (KLSE:SERBADK:$1,105.28)
Established in 1993, Serba Dinamik Holdings, through its subsidiaries, is an international energy services group providing integrated engineering solutions to the Oil & Gas, petrochemical, power generation industries, water & waste water and utilities. "
target parent: Prestariang Bhd
target: University Malaysia of Computer Science & Engineering
University Malaysia of Computer Science & Engineering (UNIMY) is the first ICT-focused Digital Technology University in Malaysia. UNIMY offers a host of undergraduate and postgraduate programs in computer science.
price ($mm)
$0.59
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/24/2020 via BNC Analysis

Carlos Tejera, Miguel Riaño and Alfredo Sáenz, acquired Schiller International University

synopsis: American The Palmer Group sold Schiller International University – which has one of its 4 campuses located in Madrid – to a group of Spanish investors including Carlos Tejera, founder of Gala Capital. Schiller International University was founded for the purpose of providing students worldwide an American study program in an international setting.
buyer: Carlos Tejera, Miguel Riaño and Alfredo Sáenz
The group of investors includes Carlos Tejera, Miguel Riaño and Alfredo Sáenz. Carlos Tejera is the founder of Gala Capital and Miguel Riaño is a lawyer. Alfredo Sáenz is the former vice-president of bank Santander. "
target parent: The Palmer Group
target: Schiller International University
Schiller International University was founded in 1964 by Dr. Walter Leibrecht for the purpose of providing students worldwide an American study program in a truly international setting. They have campuses in: Heidelberg, Germany; Madrid, Spain; Paris, France; and Tampa Bay, Florida, USA.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/21/2020 via GlobeNewswire

Afya Limited, acquired Centro Universitário São Lucas

synopsis: Afya Limited, a leading medical education group in Brazil, has acquired Centro Universitário São Lucas (UniSL), a post-secondary education institution in Brazil. UniSL offers undergraduate courses in medicine in the State of Rondônia. UniSL also offers other health related undergraduate degrees, including nursing, dentistry, nutrition, and more.
buyer: Afya Limited (NasdaqGS:AFYA:$144.94)
Afya is a leading medical education group in Brazil based on number of medical school seats, delivering an end-to-end physician-centric ecosystem that serves and empowers students to be lifelong medical learners from the moment they join us as medical students through their medical residency prep. "
target: Centro Universitário São Lucas
Centro Universitário São Lucas (UniSL) is a post-secondary education institution in Brazil. UniSL offers undergraduate courses in medicine in the State of Rondônia. UniSL also offers other health related undergraduate degrees, including nursing, dentistry, nutrition, and more.
price ($mm)[EV]
$47 [$14]
rev ($mm)
$53
EBITDA ($mm)
EV / rev
0.3x
EV / EBITDA
closed 1/29/2020 via PR Newswire

Elder Research, Inc., acquired Statistics.com

synopsis: Elder Research, a results-driven data science consulting firm serving government agencies, has acquired Statistics.com, a leading pioneer in online analytics education with over 80 courses and over 15,000 students.
buyer: Elder Research, Inc.
Elder Research is a results-driven data science consulting firm serving government agencies. More than 80 expert data scientists and engineers specialize in focused analytics strategy development, deploying high-performance data science solutions, and skills training for their clients. "
target: Statistics.com
Statistics.com is a leading pioneer in online analytics education with over 80 courses and over 15,000 students. Statistics.com offers academic and professional education in statistics, analytics, and data science at beginner, intermediate, and advanced levels of instruction.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/27/2020 via BusinessWire

K12, Inc., will acquire Galvanize, Inc.

synopsis: K12 Inc., one of the nation’s preeminent tech-enabled education companies, announced that it has entered into a definitive agreement to acquire Galvanize Inc., a leader in developing talent and capabilities for individuals and corporations in technical fields such as software engineering and data science.
buyer: K12, Inc. (LRN:$888.17)
K12 Inc. takes a personalized approach to education by removing barriers to learning, reaching students where they are, and providing innovative, high-quality online and blended education solutions, curriculum, and programs to charter schools, public school districts, private schools and families. "
target parent: Catalyst Investors, L.P.
target: Galvanize, Inc.
Galvanize is a learning community for technology with eight physical campuses across the U.S. where innovative startups, aspiring students, and large enterprises benefit from a dynamic, unique technology ecosystem. Galvanize is an industry leader in technology education.
price ($mm)
$165
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/22/2020 via BNC Analysis

China Kepei Education Group Limited, will acquire Harbin Institute of Petroleum

synopsis: China Kepei Education Group Ltd., a leading provider of private higher education services in South China, will acquire Harbin Institute of Petroleum (HIP), a private general undergraduate college in China. HIP offers undergraduate courses for petroleum engineering, chemical engineering, oil and gas storage, environmental engineering, and more.
buyer: China Kepei Education Group Limited (SEHK:1890:$93.79)
China Kepei Education Group Limited is a leading provider of private higher education services in South China. China Kepei operates a science and technology vocational school and a polytechnic college. Their schools are committed to providing students with high-quality profession-oriented education."
target: Harbin Institute of Petroleum
Harbin Institute of Petroleum (HIP) is a private general undergraduate college in China. HIP offers undergraduate courses for petroleum engineering, chemical engineering, oil and gas storage, environmental engineering, and more. HIP was founded in 2003 and serves over 9,000 students.
price ($mm)
$210
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/24/2019 via BNC Analysis

Universidad Alas Peruanas S.A. will be merged with Universidad Norbert Wiener,

synopsis: Universidad Alas Peruanas (UAP) will merge with Universidad Norbert Wiener, a higher education institution in Peru. UAP is a higher education institution in Peru that aims to provide everyone with the opportunity to access quality education. UAP offers undergraduate and graduate programs for veterinary medicine, education, tourism, law, and more.
buyer: Universidad Norbert Wiener
Universidad Norbert Wiener is a higher education institution in Peru. Universidad Norbert Wiener aims to help students become professionals that are prepared to face the challenges of the world. They offer undergraduate and postgraduate courses for medicine, nursing, law, accounting, and more. "
target: Universidad Alas Peruanas S.A.
Universidad Alas Peruanas (UAP) is a higher education institution in Peru that aims to provide everyone with the opportunity to access quality education. UAP offers undergraduate and graduate programs for veterinary medicine, sports science, education, tourism, law, architecture, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/16/2019 via BNC Analysis

Groupe EDH SAS, acquired CESINE

synopsis: The EDH GROUP accelerates its international development by acquiring the CESINE school in Santander, Spain. CESINE is a Spanish private higher education institution, specializing in training in graphic design, fashion design, marketing and communication.
buyer: Groupe EDH SAS
Groupe EDH (Ecoles Denis Huisman) is a leader in private French higher education with schools that offer training programs in communication (EFAP), culture related businesses (ICART), and journalism (EFJ). Groupe EDH has locations in Paris, Lyon, Bordeaux, Lille and New York. "
target: CESINE
CESINE is a Spanish private higher education institution, specialized in training in graphic design, fashion design, marketing and communication. CESINE also offers online professional training in marketing, communication and management.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/13/2019 via BNC Analysis

Anima Educacao, acquired Unicuritiba

synopsis: Anima Educacao, one of Brazil’s largest private higher education organizations, has acquired Unicuritiba, a private higher education institution in Brazil. Unicuritiba offers several undergraduate and postgraduate courses for law, business administration, logistics, civil engineering, psychology, marketing, technology, and more.
buyer: Anima Educacao (BOVESPA:ANIM3:$232.75)
Anima Educacao is one of Brazil’s largest private higher education organizations, both in terms of revenue and the number of enrolled students. It has at least 79,000 students enrolled in classroom courses at 18 campuses located in the states of Minas Gerais and São Paulo. "
target: Unicuritiba
Unicuritiba is a private higher education institution in Brazil. Unicuritiba's mission is to educate and train people to become capable and committed to social development. They offer several undergraduate and postgraduate courses for law, business administration, logistics, psychology and more.
price ($mm)
$130
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/5/2019 via BNC Analysis

Cruzeiro do Sul Educacional S.A., acquired Universidade Positivo

synopsis: Universidade Positivo (UP) was sold to the São Paulo educational group Cruzeiro do Sul Educational. Universidade Positivo is a university established in 1988 in Brazil. Universade Positivo has expanded from five undergraduate courses to fifty Bachelor, Degree and Technology courses. 
buyer: Cruzeiro do Sul Educacional S.A.
Cruzeiro do Sul Educacional, established by professors in 1965, in São Paulo, is a Brazilian post-secondary player with strong presence in a high-growth segment, being one of the most diversified and efficient players in Brazil, with extensive market knowledge and strategically located facilities. "
target parent: Grupo Positivo
target: Universidade Positivo
Universidade Positivo is a university established in 1988 in Brazil. Universade Positivo has expanded from five undergraduate courses to fifty Bachelor, Degree and Technology courses.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/13/2019 via BNC Analysis

Emerson College, will acquire Marlboro College

synopsis: Emerson College will acquire Marlboro College and Marlboro students will be admitted to Emerson. Emerson is located in Boston, while Marlboro is located in Vermont. Marlboro College is a private liberal arts college with about 200 students and 35 professors, located on a picturesque 400-acre campus in rural Vermont.
buyer: Emerson College
Emerson is internationally recognized as a premier institution of higher learning devoted to liberal arts, communication, and the arts, with campuses in Boston, Los Angeles, and The Netherlands, and degree-granting programs in Paris, Barcelona, and, beginning Fall 2020, Lugano, Switzerland "
target: Marlboro College
Marlboro College is a private liberal arts college in Marlboro, Vermont. They're a college of about 200 students and 35 professors, located on a picturesque 400-acre campus in rural Vermont.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/30/2019 via BNC Analysis

Henderson State University will be merged with Arkansas State University System,

synopsis: Henderson State University, a public university with a strong liberal arts heritage, will be merged with the Arkansas State University System, an organization that serves 22,238 students on campuses in Arkansas and Queretaro, Mexico, and globally online with a total operating budget of $285 million.
buyer: Arkansas State University System
The Arkansas State University System, based in Little Rock, serves 23,310 students in Arkansas and Queretaro, Mexico. The ASU System includes ASU, with an instructional site in Paragould and degree centers in Beebe, Mountain Home, Blytheville, Forrest City, and West Memphis. "
target: Henderson State University
Founded as a private institution in 1890, Henderson State University has a strong liberal arts heritage that is the base of more than 65 undergraduate and graduate programs, earning the university its status as Arkansas’s public liberal arts university.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Employees
28000
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Ticker: COCO
 
 
 
 
 
 
 
 
Corinthian Colleges, Inc.
Corinthian Colleges, Inc.
Corinthian offers post-secondary education through its Everest, Heald College and WyoTech campuses, as well as online. Program areas include healthcare, business, criminal justice, transportation technology and maintenance, construction trades and information technology.
year
2014
rev ($mm)
$1,480.80
EBITDA ($mm)
$71.40
EBIT ($mm)
$23.50
Net Income ($mm)
Employees
12650
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Ticker: ATGE
 
 
 
 
 
 
 
 
DeVry Education Group
DeVry Education Group
The purpose of DeVry Education Group is to empower its students to achieve their educational and career goals. DeVry Group is a global provider of educational services, with institutions that offer a wide array of programs in healthcare, business, technology, accounting, finance and law.
year
2019
rev ($mm)
$1,231.21
EBITDA ($mm)
$278.74
EBIT ($mm)
$225.92
Net Income ($mm)
$33.77
Employees
7335
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Ticker: ESI
 
 
 
 
 
 
 
 
ITT Educational Services, Inc.
ITT Educational Services, Inc.
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.
year
2013
rev ($mm)
$1,069.98
EBITDA ($mm)
$196.56
EBIT ($mm)
$169.31
Net Income ($mm)
$59.38
Employees
7350
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Ticker: LOPE
 
 
 
 
 
 
 
 
Grand Canyon Education, Inc.
Grand Canyon Education (GCE) is a publicly traded shared services partner dedicated to serving colleges and universities. GCE supports partner institutions' students through operational functions that achieve organizational growth and student success. GCE is a pioneer of the hybrid campus model.
year
2018
rev ($mm)
$939.37
EBITDA ($mm)
$332.49
EBIT ($mm)
$286.95
Net Income ($mm)
$221.74
Employees
4000
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Ticker: ASX:NVT
 
 
 
 
 
 
 
 
Navitas Limited
Navitas Limited
Navitas is a leading global education provider that offers an extensive range of educational services through three major divisions to students and professionals including university programs, creative media education, professional education, English language training and settlement services.
year
2014
rev ($mm)
$750.17
EBITDA ($mm)
$123.97
EBIT ($mm)
$101.35
Net Income ($mm)
$37.50
Employees
1117
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Ticker: BOVESPA:ANIM3
 
 
 
 
 
 
 
 
Anima Educacao
Anima Educacao
Anima Educacao is one of Brazil’s largest private higher education organizations, both in terms of revenue and the number of enrolled students. It has 79,000 students enrolled in classroom courses at 18 campuses located in the states of Minas Gerais and São Paulo.
year
2020
rev ($mm)
$232.75
EBITDA ($mm)
$25.33
EBIT ($mm)
$14.39
Net Income ($mm)
Employees
0
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Ticker: SEHK:6169
 
 
 
 
 
 
 
 
China YuHua Education Corporation Limited
China YuHua Education Corporation Limited has been operating private schools in Henan province of China for over 15 years and is one of the leading private school operators in central China in terms of student enrollment.
year
2019
rev ($mm)
$214.86
EBITDA ($mm)
$124.39
EBIT ($mm)
$105.54
Net Income ($mm)
$95.80
Employees
6269
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Ticker: SEHK:1765
 
 
 
 
 
 
 
 
Hope Education Group
Hope Education Group
Hope Education Group is the second-largest private higher education group in China. Hope Education Group operates four independent colleges and five junior colleges in China. The group offers services for undergraduate, vocational college, and technical college.
year
2019
rev ($mm)
$157.53
EBITDA ($mm)
$61.04
EBIT ($mm)
$39.52
Net Income ($mm)
$39.91
Employees
5328
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Ticker: SEHK:1569
 
 
 
 
 
 
 
 
Minsheng Education Group
Minsheng Education Group
Minsheng Education Group Company Limited is an investment holding company. The Company is principally engaged in the provision of education services in China. The Company provides higher education with the focus on private education of nurturing professionals.
year
2019
rev ($mm)
$141.97
EBITDA ($mm)
$50.71
EBIT ($mm)
$40.58
Net Income ($mm)
$48.24
Employees
4626
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Ticker: BME:PRO
 
 
 
 
 
 
 
 
Universidad Internacional de la Rioja (UNIR)
Universidad Internacional de la Rioja (UNIR)
Founded in 2007 and based in La Rioja, Spain, UNIR (Proeduca Group) is the leading online university for the Spanish language in the world. UNIR caters for more than 32,000 students. UNIR has a presence in Spain and in Argentina, Bolivia, Colombia, Ecuador, Mexico and Peru.
year
2018
rev ($mm)
$124.27
EBITDA ($mm)
$26.62
EBIT ($mm)
$24.32
Net Income ($mm)
$15.64
Employees
1830
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Ticker: SEHK:1890
 
 
 
 
 
 
 
 
China Kepei Education Group Limited
China Kepei Education Group Limited
China Kepei Education Group Limited is a leading provider of private higher education services in South China. China Kepei operates a science and technology vocational school and a polytechnic college. Their schools are committed to providing students with high-quality profession-oriented education.
year
2019
rev ($mm)
$93.79
EBITDA ($mm)
$57.60
EBIT ($mm)
$49.34
Net Income ($mm)
$58.87
Employees
2122
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Ticker: CEDU
 
 
 
 
 
 
 
 
ChinaEdu
ChinaEdu
ChinaEdu Corporation's primary business is to provide comprehensive educational services to the online degree programs of leading Chinese universities, including academic program development, technology services, enrollment marketing, student support services and finance operations.
year
2013
rev ($mm)
$85.91
EBITDA ($mm)
$25.24
EBIT ($mm)
$20.53
Net Income ($mm)
$8.57
Employees
2116
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Ticker: PSE:STI
 
 
 
 
 
 
 
 
STI Education Services Group, Inc.
STI Education Services Group, Inc.
STI Education Services Group, Inc. is one of the largest network of schools in the Philippines providing a range of highly-relevant academic programs in the fields of Information & Communications Technology, Business, Engineering, Healthcare, and more.
year
2018
rev ($mm)
$54.75
EBITDA ($mm)
$17.89
EBIT ($mm)
$9.43
Net Income ($mm)
$7.29
Employees
2621
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Ticker: ASX:AKG
 
 
 
 
 
 
 
 
Academies Australasia Pty Limited
Academies Australasia is an education provider that service through 10 separately colleges operating in Australia and Singapore. They offer English language, Senior High School, Singapore Government School Preparatory Certificate, Diploma, Advanced Diploma, Bachelor and Master degree courses.
year
2013
rev ($mm)
$37.46
EBITDA ($mm)
$6.18
EBIT ($mm)
$5.53
Net Income ($mm)
$4.13
Employees
47
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