Like The Princeton Review

closed 3/31/2017 via PR Newswire

ST Unitas Co. Ltd., acquired The Princeton Review

See 83 Comparable Transactions
synopsis: Match Group announced that it has completed its previously announced sale of all of its Non-dating business, which operates under the umbrella of The Princeton Review, to ST Unitas, a global education technology company. The Princeton Review is a leading tutoring, test prep and college admission services company.
buyer: ST Unitas Co. Ltd.
ST Unitas started in 2010 as an EduTech company with only 4 employees. ST Unitas provides effective learning contents and programs to assist preparation for university entrance exams or job searching to achieve people’s goals quicker. "
 target parent: IAC
target: The Princeton Review
The Princeton Review is a leading tutoring, test prep and college admission services company. It helps millions of college- and graduate school-bound students achieve their education and career goals through online and in-person courses delivered by a network of more than 4,000 teachers and tutors.
price ($mm)
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closed 2/26/2018 via Company Press Release

Création Capital, Inc., acquired Vivid Co., Ltd

See 54 Comparable Transactions
synopsis: Création Capital, Inc., a private equity firm in Japan, has acquired Vivid Co., Ltd, a company in Japan that operates and manages cram schools. Vivid Co., Ltd operates Tsubota Juku, a comprehensive school that helps junior high school and high school students get into their high school and college of choice.
buyer parent: Création Group, Inc.
buyer: Création Capital, Inc.
Création Capital, Inc. is a private equity firm in Japan that specializes in buyout investments, PIPES, and mezzanine investments. The company does not have any restrictions in the industry it invests in. They seek to make investments in companies in the East Asia region with a focus on China. "
 target: Vivid Co., Ltd
Vivid Co., Ltd is a company in Japan that operates and manages cram schools. The company operates Tsubota Juku, a comprehensive school that helps students bring out their full potential. The school helps junior high school and high school students get into their high school and college of choice.
price ($mm)
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closed 6/3/2014 via PR Newswire

Chegg, Inc., acquired InstaEDU, Inc.

See 51 Comparable Transactions
synopsis: Chegg, The Student Hub, announced that it has agreed to acquire InstaEDU, a leading on-demand tutoring marketplace. InstaEDU's platform connects students with on-demand tutors in more than 2,500 subjects, ranging from high school and standardized test prep, all the way through advanced college concepts for as little as $0.40 per minute.
buyer: Chegg, Inc. (CHGG:$445.11)
Chegg, the social education platform, is transforming the way millions of students learn by connecting them to the people and tools needed to succeed in college. Students use Chegg for homework help, course selection, note taking, textbook and e-textbook rentals and Daily deals. "
 target: InstaEDU, Inc.
InstaEDU makes it easy for any student to instantly connect with a top tutor in an online lesson space. The website combines the effectiveness of face-to-face private tutoring with the convenience and affordability of an online service. InstaEDU was founded in 2011.
price ($mm)
$30
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/21/2012 via

Charlesbank Capital Partners LLC, acquired Princeton Review Higher Education Readiness

See 83 Comparable Transactions
synopsis: In May 2012, Charlesbank purchased The Princeton Review with significant coinvestment from the management team. The Princeton Review is a leading provider of test preparation courses and materials for prospective undergraduate and graduate students.
buyer: Charlesbank Capital Partners LLC
Charlesbank Capital Partners is a middle-market private equity investment firm managing more than $2 billion of capital. Charlesbank focuses on management-led buyouts and growth capital financings, typically investing $50 million to $150 million per transaction. "
 target parent: Princeton Review Inc.
target: Princeton Review Higher Education Readiness
The Princeton Review Higher Education Readiness Division is a division of The Princeton Review, Inc. The Division has a leading share of test preparation books in the US and is known for its in-person and online test preparation courses, delivered through a network of over 5,000 teachers and tutors.
price ($mm)
$32
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/28/2008 via PR Newswire

New Oriental Education & Technology Group, will acquire Tongwen Gaokao Test Preparation School

See 15 Comparable Transactions
synopsis: New Oriental Education & Technology Group Inc., the largest provider of private educational services in China, announced it signed a definitive agreement on July 26, 2008 to acquire Tongwen Gaokao Test Preparation School.
buyer: New Oriental Education & Technology Group (EDU:$771.72)
New Oriental provides a comprehensive range of educational services and products to address the needs of students of all ages. From our POP Kids English program and summer camps to full primary and middle school education, lifelong education with New Oriental begins as early as age 5. "
 target: Tongwen Gaokao Test Preparation School
Tongwen Gaokao Test Preparation School is a Changchun-based private school that specializes in tutoring students who seek to retake the gaokao, or Chinese national entrance examination for students applying to colleges or universities in China.
price ($mm)
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announced 9/15/2017 via GlobeNewswire

RISE Education Cayman Ltd., will acquire The Edge Learning Center

See 83 Comparable Transactions
synopsis: RISE Education entered into a definitive agreement to acquire The Edge Learning Center. The Edge is a Hong Kong-based consulting firm that provides young students after-class tutoring, test preparation, and admission consulting services. They offer educational services spanning from SAT and IB Test Prep to teacher training.
buyer parent: Bain Capital
buyer: RISE Education Cayman Ltd. (REDU:$126.04)
RISE Education is a junior English Language Training provider based in China. They pioneered the application of subject-based learning philosophy in China, which uses language arts and social science to teach English in an immersive way that helps students learn to speak like a native speaker. "
 target: The Edge Learning Center
The Edge is a leading Hong Kong-based consulting firm that provides students aged 12 years old or above with after-class tutoring, test preparation, and admission consulting services. They offer a broad range of educational services spanning from SAT and IB Test Prep to teacher training.
price ($mm)
$4.22
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/9/2015 via BNC Analysis

Gateforum Educational Services Private Limited, acquired Yukti Educational Services Private Limited

See 78 Comparable Transactions
synopsis: Thinkcell Learning Solutions, an educational services provider, has acquired the YUKTI brand in order to kickstart its 8-12 science division, with the primary focus being the 12th Board exams and Engineering and Medical Entrance exams like JEE, MHT-CET and AIPMT.
buyer parent: ASK Pravi Capital Advisors Pvt. Ltd
buyer: Gateforum Educational Services Private Limited
Thinkcell Learning Solutions Pvt. Ltd. (formerly Gateforum Educational Services Pvt. Ltd.) is an educational services provider. It offers test preparatory tools for graduate aptitude tests in engineering courses. They are the number 1 institute for preparation for the GATE Exam. "
 target: Yukti Educational Services Private Limited
Yukti Educational Services Private Limited provides training and guidance to students seeking to get into engineering and medical institutes in India. The company was founded in 2003 and is based in Mumbai, India.
price ($mm)
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closed 10/30/2014 via PR Newswire

MPW, acquired Justin Craig Education

See 71 Comparable Transactions
synopsis: Mander Portman Woodward Limited (MPW), a portfolio company of Levine Leichtman Capital Partners., has successfully completed the strategic acquisition of Justin Craig Education, one of the United Kingdom's leading exam preparation and tutoring businesses. Justin Craig Education provides revision courses that offers AS/A2 levels and GCSE exams.
buyer parent: Levine Leichtman Capital Partners Inc.
buyer: 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. "
 target parent: Piper Private Equity Limited
target: Justin Craig Education
Justin Craig Education provides revision courses that offers AS/A2 levels and GCSE exams. They provide classes for subjects including mathematics core, mechanics, statistics, English language and literature, biology, chemistry, physics, geography, history, politics, religious studies, and computing.
price ($mm)
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closed 3/5/2008 via Company Press Release

Piper Private Equity Limited, acquired Justin Craig Education

See 71 Comparable Transactions
synopsis: Piper Private Equity has completed the MBO of Justin Craig Education, one of the UK’s leading and best established providers of specialist GCSE, AS and A2 revision courses, making a £3m investment.
buyer: Piper Private Equity Limited
Piper Private Equity invests in UK companies valued up to £25 million through management buyouts, management buyins, and other transactions. The company invests primarily in businesses residing in the retail, leisure, consumer products, and travel markets. "
 target: Justin Craig Education
Justin Craig Education provides revision courses that offers AS/A2 levels and GCSE exams. They provide classes for subjects including mathematics core, mechanics, statistics, English language and literature, biology, chemistry, physics, geography, history, politics, religious studies, and computing.
price ($mm)
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announced 9/11/2019 via Reuters

21st Century Education Group, will acquire Peijian Education

See 55 Comparable Transactions
synopsis: 21st Century Education, a Chinese provider of education services, will acquire a 51% stake in Peijian Education, a Chinese training company. Peijian Education provides training to middle and high school students. They offer courses for college self-enrollment, college entrance examinations, and high school entrance examinations.
buyer: 21st Century Education Group (SEHK:1598:$30.87)
21st Century Education is a Chinese provider of education services. 21st Century Education offers preschool education, primary and secondary education, higher education, and vocational education services through their various schools. "
 target: Peijian Education
Peijian Education is a Chinese training company. Peijian Education provides training to middle and high school students. They offer courses for college self-enrollment, college entrance examinations, and high school entrance examinations.
price ($mm)
$5.51*
rev ($mm)
EBITDA ($mm)
EV / rev
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announced 4/4/2018 via Reuters

Meiko Network Japan Co. Ltd., will acquire K.Line Co., Ltd.

See 48 Comparable Transactions
synopsis: Meiko Network Japan Co. Ltd., an owner and operator of tutoring cram schools in Japan, will acquire K.Line Co., Ltd., a company in Japan that owns and operates cram schools. K.Line Co., Ltd's schools are dedicated teaching students how to be self-reliant, to learn how to effectively study alone.
buyer: Meiko Network Japan Co. Ltd. (TSE:4668:$174.92)
Meiko Network Japan Co. Ltd. owns and operates tutoring cram schools in Japan. Their schools offer inexpensive individual tutoring for self-motivated learning and supplementary studies for students with average scores. Meiko Network Japan has schools located in every prefecture in Japan. "
 target: K.Line Co., Ltd.
K.Line Co., Ltd. is a company in Japan that owns and operates cram schools. The schools are dedicated teaching students how to be self-reliant, to learn how to effectively study alone. The habits learned from the schools allow students to improve their grades and get into the schools they aim for.
price ($mm)
$5.70
rev ($mm)
$12
EBITDA ($mm)
EV / rev
0.5x
EV / EBITDA
closed 8/16/2017 via Company Press Release

Pu-Xin Education, acquired Global Education & Technology Group Limited

See 75 Comparable Transactions
synopsis: Pearson is announcing that it has completed the sale of Global Education (GEDU) to Puxin Education. GEDU is a leading provider of English language training and test preparation for Chinese students wishing to study abroad.
buyer: Pu-Xin Education
Puxin Education is a private education company providing tutorial program for K-12 education, overseas test prep and college admission counselling services in China. It offers comprehensive programs for kindergarten to Grade 12 on many subjects including English, Chinese and all Science subjects. "
 target parent: Pearson plc
target: Global Education & Technology Group Limited (GEDU:$52.36)
Global Education (GEDU) is a leading education company focused on English language training and test preparation for students wishing to study abroad, providing a range of world-class products and services including pre-test trainings on IELTS and TOEFL, as well as some international curriculums.
price ($mm)
$80
rev ($mm)
$100
EBITDA ($mm)
EV / rev
0.1x
EV / EBITDA
closed 9/7/2016 via PR Newswire

TAL Education Group, acquired accessat

See 50 Comparable Transactions
synopsis: TAL Education Group announced the full acquisition of ACESSAT, a training institution for overseas study. ACESSAT is dedicated in providing training services for teenagers in China to study abroad. The business covers SSAT, ACT, SAT, TOEFL, and systematic courses of the western culture.
buyer: TAL Education Group (TAL:$2,340.52)
TAL Education Group is a leading K-12 after-school tutoring services provider in China. They offer their comprehensive tutoring services to students from pre-school to the twelfth grade through three flexible class formats: small classes, personalized premium services, and online courses. "
 target: accessat
Founded in 2012, ACESSAT is dedicated in providing training services for teenagers in China to study abroad. The business covers SSAT, ACT, SAT, TOEFL, and systematic courses of the western culture.
price ($mm)
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closed 7/31/2015 via BNC Analysis

ESM Group, acquired Tutorpedia

See 78 Comparable Transactions
synopsis: Sacramento-based ESM Group has completed the purchase of San Francisco based tutoring company, Tutorpedia. Both companies specialize in preparing high school students for college entrance exams. ESM bought the name, assets and brand of Tutorpedia.
buyer: ESM Group
ESM Group is a Sacramento-based tutoring company. Launched in 1999, ESM offers college admissions counseling for high school students, as well as tutoring and test preparation. "
 target: Tutorpedia
Tutorpedia serves the private and public tutoring needs of families and individuals throughout the Bay Area. They are a personal, comprehensive tutoring resource that connects students in grades K-12 to tutors for academic help.
price ($mm)
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closed 12/21/2011 via GlobeNewswire

Pearson plc, acquired Global Education & Technology Group Limited

See 75 Comparable Transactions
synopsis: Global Education & Technology Group, a provider of educational courses and test preparation services in the People's Republic of China for students who are working towards internationally-recognized English language assessments, has merged with international education and media company Pearson plc.
buyer: Pearson plc (LSE:PSON:$4,926.49)
Pearson is an international education and media company with world-leading businesses in education, business information and consumer publishing. "
 target: Global Education & Technology Group Limited (GEDU:$52.36)
Global Education & Technology Group Ltd. is a leading provider of educational courses and test preparation services in the People's Republic of China for students who are working towards internationally-recognized English language assessments.
price ($mm)[EV]
$286 [$149]
rev ($mm)
$65
EBITDA ($mm)
$8
EV / rev
2.3x
EV / EBITDA
18.4x
closed 4/28/2017 via BNC Analysis

Telegraph Media Group, acquired Gojimo

See 44 Comparable Transactions
synopsis: The Telegraph Media Group (TMG), the publisher of The Daily Telegraph and The Sunday Telegraph newspapers, has acquired exam preparation and revision app Gojimo in a move to reach out to and further engage a younger audience. Available on iOS, Android and the web, Gojimo claims to be the UK’s number one exam preparation app.
buyer: Telegraph Media Group
Telegraph Media Group (TMG) is a multi-media news publisher of the world-renowned, agenda-setting content found in its titles: The Daily Telegraph, The Sunday Telegraph, The Telegraph website and The Telegraph weekly world edition. "
 target: Gojimo
Gojimo is the leading test prep app for students in the UK and US. Students can access textbooks, study guides, and quizzes from the world's lead educational publishers on their mobile device or tablet.
price ($mm)
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closed 3/13/2017 via BNC Analysis

Aksia Group SGR, acquired Alpha Test Srl

See 56 Comparable Transactions
synopsis: Independent private equity firm Aksìa Group has acquired 70 per cent of Alpha Test, a Milan-based professional education company, specialising in books and courses for preparation for university admission tests.
buyer: Aksia Group SGR
Aksìa Group SGR S.p.A. is an asset management company specialized in private equity investments in mature and healthy companies. "
 target: Alpha Test Srl
Alpha Test is a Milan-based professional education company, specialising in books and courses for preparation at university admission tests.
price ($mm)
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closed 3/10/2015 via BNC Analysis

Embibe, acquired 100 Marks

See 45 Comparable Transactions
synopsis: Leading education portal to prepare for competitive entrance tests Embibe.com announced the take-over of 100Marks, a student guidance platform for Indian Institute of Information Technology Joint Entrance Examination and All India Engineering Entrance Examination.
buyer: Embibe
Embibe.com is the flagship brand of Mumbai based company - Individual Learning Pvt Ltd., an education analytics consumer tech start-up. Embibe is a leading education portal to prepare for competitive entrance tests in India. "
 target: 100 Marks
100Marks is aiming to be one stop shop for education material online. 100Marks is a place where users can get access to free customized study plans and free preparation material for Indian Institute of Information Technology Joint Entrance Examination and All India Engineering Entrance Examination.
price ($mm)
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closed 10/6/2011 via Capital IQ

Cambium Learning Group, Inc., acquired Class.com, Inc.

See 150 Comparable Transactions
synopsis: Cambium Learning Group, Inc., a leading educational company focused primarily on serving the needs of at-risk and special student populations, announced that the Company has purchased the assets of Class.com, an industry-leading provider of online learning solutions.
buyer parent: Veronis Suhler Stevenson
buyer: Cambium Learning Group, Inc. (ABCD:$159.46)
Cambium Learning Group is the leading educational company focused primarily on serving the needs of at-risk and special student populations. The company operates three core divisions: Voyager, Sopris, and Cambium Learning Technologies. "
 target: Class.com, Inc.
Class.com equips educators with the tools to help every student succeed by providing schools and organizations with high-quality, research-based, online learning solutions that cater to the needs of 21st-century learners.
price ($mm)
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announced 1/3/2020 via BNC Analysis

Aakash Educational Services Limited, will acquire Meritnation

See 122 Comparable Transactions
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
Pages:  
closed 3/31/2017 via PR Newswire

ST Unitas Co. Ltd., acquired The Princeton Review

See 83 Comparable Transactions
synopsis: Match Group announced that it has completed its previously announced sale of all of its Non-dating business, which operates under the umbrella of The Princeton Review, to ST Unitas, a global education technology company. The Princeton Review is a leading tutoring, test prep and college admission services company.
buyer: ST Unitas Co. Ltd.
ST Unitas started in 2010 as an EduTech company with only 4 employees. ST Unitas provides effective learning contents and programs to assist preparation for university entrance exams or job searching to achieve people’s goals quicker. "
 target parent: IAC
target: The Princeton Review
The Princeton Review is a leading tutoring, test prep and college admission services company. It helps millions of college- and graduate school-bound students achieve their education and career goals through online and in-person courses delivered by a network of more than 4,000 teachers and tutors.
price ($mm)
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EBITDA ($mm)
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closed 5/21/2012 via

Charlesbank Capital Partners LLC, acquired Princeton Review Higher Education Readiness

See 83 Comparable Transactions
synopsis: In May 2012, Charlesbank purchased The Princeton Review with significant coinvestment from the management team. The Princeton Review is a leading provider of test preparation courses and materials for prospective undergraduate and graduate students.
buyer: Charlesbank Capital Partners LLC
Charlesbank Capital Partners is a middle-market private equity investment firm managing more than $2 billion of capital. Charlesbank focuses on management-led buyouts and growth capital financings, typically investing $50 million to $150 million per transaction. "
 target parent: Princeton Review Inc.
target: Princeton Review Higher Education Readiness
The Princeton Review Higher Education Readiness Division is a division of The Princeton Review, Inc. The Division has a leading share of test preparation books in the US and is known for its in-person and online test preparation courses, delivered through a network of over 5,000 teachers and tutors.
price ($mm)
$32
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/31/2017 via PR Newswire

ST Unitas Co. Ltd., acquired The Princeton Review

See 83 Comparable Transactions
synopsis: Match Group announced that it has completed its previously announced sale of all of its Non-dating business, which operates under the umbrella of The Princeton Review, to ST Unitas, a global education technology company. The Princeton Review is a leading tutoring, test prep and college admission services company.
buyer: ST Unitas Co. Ltd.
ST Unitas started in 2010 as an EduTech company with only 4 employees. ST Unitas provides effective learning contents and programs to assist preparation for university entrance exams or job searching to achieve people’s goals quicker. "
 target parent: IAC
target: The Princeton Review
The Princeton Review is a leading tutoring, test prep and college admission services company. It helps millions of college- and graduate school-bound students achieve their education and career goals through online and in-person courses delivered by a network of more than 4,000 teachers and tutors.
price ($mm)
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closed 8/21/2014 via Market Wire

Noel-Levitz, Inc. merged with RuffaloCODY,

See 14 Comparable Transactions
synopsis: RuffaloCODY announced the acquisition of Noel-Levitz. Noel-Levitz is a nationally recognized consulting firm specializing in higher education strategic enrollment planning, student marketing and recruitment, financial aid, student retention, and market research. RuffaloCODY is the leading provider of enrollment management and fundraising services.
buyer: RuffaloCODY
RuffaloCODY is the leading provider of enrollment management and fundraising services and specializes in strategic oversight, outreach, and engagement services and software platforms all designed to foster the organizational/constituent relationship. "
 target parent: Quad Partners
target: Noel-Levitz, Inc.
A trusted partner to higher education, Noel-Levitz helps campuses and systems reach and exceed their goals for enrollment, marketing, and student success. During our 30-year history, more than 1,800 campuses have invited Noel-Levitz to collaborate with them.
price ($mm)
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closed 1/21/2015 via BNC Analysis

Orion Edutech Private Limited, acquired Brainvalley Software Private Limited

See 73 Comparable Transactions
synopsis: Skill development company Orion Edutech announced acquisition of 67 per cent stake in Chennai-based Brain Valley Software Pvt Ltd, an independent assessment solution for corporates and education institutes. They have delivered over 1.4 million tests to date for an array of competitive exams and employers.
buyer: Orion Edutech Private Limited
Orion Edutech is the largest vocational training institute in the country. Since their inception in 2005, they have secured the future of more than 60,000 students by providing them with jobs in top companies across India. Their vocational training courses are industry-oriented and skill based. "
 target: Brainvalley Software Private Limited
Brainvalley Software specializes in assessment solutions for students, coaching institutes, corporates or colleges. They have delivered over 1.4 million tests to date for an array of competitive exams and employers.
price ($mm)
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closed 1/10/2017 via BusinessWire

PSI Services LLC, acquired Software Secure, Inc.

See 69 Comparable Transactions
synopsis: PSI Services, a testing services provider to corporations, government agencies, professional associations, and certifying bodies, announced that they have acquired Software Secure, a recognized leader in cloud-based online testing and a pioneer in record & review remote proctoring solutions for higher education, K-12 & certification organizations.
buyer parent: Waud Capital Partners, LLC
buyer: PSI Services LLC
PSI Services LLC (PSI) has 70 years of experience providing worldwide testing solutions to corporations, Federal and State government agencies, professional associations and certifying bodies. PSI offers a comprehensive solutions approach from test development to delivery to results processing. "
 target: Software Secure, Inc.
Software Secure, Inc., creator of Securexam, is the pioneer in educational testing software development. Their software designers and technical support people are committed to helping the academic community experience computerized testing at its best.
price ($mm)
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closed 10/21/2020 via BusinessWire

Turnitin, acquired ExamSoft Worldwide, Inc.

See 97 Comparable Transactions
synopsis: Turnitin, a leading provider of academic integrity and assessment solutions, has acquired ExamSoft, a software-based assessment platform, from Spectrum Equity. ExamSoft empowers educational institutions and certification and licensure programs to protect exam integrity, streamline assessment processes, and improve learning outcomes.
buyer parent: Advance, Inc.
buyer: Turnitin
Turnitin is dedicated to ensuring the integrity of education and research and supporting the development of original thinking skills. Its products are used by educators to guide their students towards higher standards of integrity and by students and researchers to do their best, original work. "
 target parent: Spectrum Equity
target: ExamSoft Worldwide, Inc.
ExamSoft is an education technology company that builds scalable software solutions that provide the highest level of exam security and integrity to education and certification institutions across a variety of verticals, settings, and modalities.
price ($mm)
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closed 2/7/2019 via PR Newswire

TAL Education Group, acquired Ready4, Inc.

See 100 Comparable Transactions
synopsis: Tomorrow Advancing Life Education Group (TAL), a leading education and technology enterprise in China, has acquired Ready4, Inc., the world's most advanced mobile learning platform. Ready4 provides high-quality, AI-powered live and on demand test prep courses for GMAT, GRE, SAT, ACT, PSAT, and MCAT.
buyer: TAL Education Group (TAL:$2,340.52)
Tomorrow Advancing Life (TAL) is a leading education and technology enterprise in China. Since its establishment, TAL is committed to integrating technologies and the Internet into education, to deliver a better study experience for children through K-12. "
 target: Ready4, Inc.
Ready4 is the world's most advanced mobile learning platform. Ready4 provides high-quality, AI-powered live and on demand test prep courses for GMAT, GRE, SAT, ACT, PSAT, and MCAT. Ready4 has helped more than 2 million students in over 150 countries improve their college admissions test scores.
price ($mm)
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EV / rev
EV / EBITDA
closed 8/30/2018 via BNC Analysis

Descomplica, acquired PaperX

See 42 Comparable Transactions
synopsis: Descomplica acquired PaperX, a startup focused on developing exercises and online evaluations as tests and simulations. With PaperX, students can prepare for exams with simulated tests to ensure a better performance in the college entrance examination.
buyer: Descomplica
Descomplica is the 1st largest digital education company in Brazil. Their history begins in 2011 as an online education startup helping students from all over Brazil improve at the ENEM. The ENEM is a Brazilian national exam, which evaluates high school students in Brazil. "
 target: PaperX
PaperX is a Brazilian startup focused on developing exercises and online evaluations as tests and simulations. With PaperX, students can prepare for exams with simulated tests to ensure a better performance in the college entrance examination.
price ($mm)
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announced 2/18/2021 via Reuters

Education Advisory Board, will acquire Starfish

See 77 Comparable Transactions
synopsis: Education company EAB has entered into a definitive agreement to acquire Hobsons’ student success platform, Starfish. Starfish helps colleges and universities achieve 2x increases in retention rate, exceed graduation rate goals, and set the standard for student success in higher education.
buyer parent: Vista Equity Partners
buyer: Education Advisory Board
The Education Advisory Board is a provider of research, technology, and consulting services to colleges and universities nationwide. Through the firm's innovative membership model, EAB partners with academic and administrative leaders at more than 1,900 institutions. "
 target parent: Daily Mail and General Trust plc
target: Starfish
Starfish helps colleges and universities achieve 2x increases in retention rate, exceed graduation rate goals, and set the standard for student success in higher education.
price ($mm)
$90
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/20/2019 via Company Press Release

Instructure, will acquire Portfolium Inc.

See 77 Comparable Transactions
synopsis: Instructure, Inc., the leading software-as-a-service technology company that helps people learn and develop through school and work, announced it has entered into an agreement to acquire Portfolium, the student success network built to showcase the achievements, projects, and competencies of dedicated students to potential employers.
buyer: Instructure (INST:$245.53)
Instructure is a technology company that helps people learn and develop, from their first day of school to their last day of work. Its software solutions include Canvas, the learning platform that simplifies teaching, and Bridge, the employee development and engagement solution. "
 target: Portfolium Inc.
Portfolium is a full-stack student success platform. Institutions use Portfolium to deploy robust ePortfolio networks as they manage and align learning outcomes assessment, digital badging, guided pathways, and career readiness programs.
price ($mm)
$43
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/17/2018 via Company Press Release

Technology Crossover Ventures, acquired Watermark

See 77 Comparable Transactions
synopsis: Watermark, the largest provider of assessment software for higher education institutions worldwide, has announced the close of its agreement with TCV to acquire a controlling interest in the company. TCV is one of the largest providers of capital to growth-stage private and public companies in the technology industry.
buyer: Technology Crossover Ventures
Technology Crossover Ventures, founded in 1995, is a leading provider of growth capital to technology companies, providing funds to later-stage private and public companies. "
 target: Watermark
Watermark’s mission is to put better data into the hands of administrators, educators, and learners. Through its innovative educational intelligence platform, Watermark supports institutions in developing an intentional approach to learning based on data they can trust.
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closed 11/15/2017 via BNC Analysis

Mimir, acquired Omnipointment Inc.

See 169 Comparable Transactions
synopsis: Indianapolis-based Mimir has acquired Omnipointment Inc., a tech company based in Chicago. Tthe acquisition of Omnipointment and its signature platform, Charter, will enhance Mimir Classroom. Charter is a group project tool that helps collegiate students arrange times to collaborate and gives instructors data to assess team performance.
buyer: Mimir
Mimir's main cloud-based software platform, Mimir Classroom, helps computer science teachers assess students' performance, strengths and weaknesses. "
 target: Omnipointment Inc.
Omnipointment is the tool of choice for group projects, student organizations, and service projects. Omnipointment helps students find time out their busy schedules to meet.
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closed 9/27/2016 via PR Newswire

Cengage Learning, acquired WebAssign

See 91 Comparable Transactions
synopsis: Cengage, an education and technology company, announced the acquisition of WebAssign, a leading provider of digital learning solutions for higher education. The acquisition strengthens Cengage's position as a market leader in science, technology and math offering three unique platforms for faculty and institutions.
buyer parent: Apax Partners
buyer: Cengage Learning (OTCPK:CNGO:$1,593.70)
Cengage is the education and technology company built for learners. The company serves the higher education, K-12, professional, library and workforce training markets worldwide. Cengage creates learning experiences that build confidence and momentum toward the future students want. "
 target: WebAssign
WebAssign is a flexible and fully customizable online instructional system that puts powerful tools in the hands of teachers, enabling them to deploy assignments, instantly assess individual student performance, and realize their teaching goals.
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closed 8/2/2016 via Company Press Release

Quad Partners, acquired TaskStream

See 77 Comparable Transactions
synopsis: Taskstream, the leading provider of learning outcomes assessment technology and accreditation solutions for higher education, announced an investment by Quad Partners, a private investment firm focused exclusively on education, to deepen and broaden the company’s offerings.
buyer: Quad Partners
Quad Partners was founded in 2000 to make value-added private investments in the education industry. Today, Quad is one of the most active investors in privately-owned education companies in the United States. "
 target: TaskStream
Taskstream partners with institutions of higher education and national associations to improve student learning and institutional quality with proven, reliable, user-friendly, and cloud-based solutions for assessment management and e-portfolio solutions and supporting services.
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closed 2/23/2015 via Company Press Release

Hobsons Inc., acquired Starfish Retention Solutions, Inc.

See 77 Comparable Transactions
synopsis: Hobsons, the world’s leader in connecting learning to life, announced the acquisition of Starfish Retention Solutions, the leading provider of student success and advising systems for higher education institutions. The Starfish® Enterprise Success Platform™ will augment Hobsons’ existing advising and admissions tools.
buyer parent: Daily Mail and General Trust plc
buyer: Hobsons Inc.
Hobsons is the world’s leader in connecting learning to life. Through Hobsons’ unique advising and admissions products, they help more than 12 million students around the globe identify strengths, explore careers, create academic plans, and find the right college match. "
 target: Starfish Retention Solutions, Inc.
Starfish Retention Solutions is a leading provider of student success systems. The Starfish® Enterprise Success Platform™ builds on the company’s mission to help students finish what they start.
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closed 2/12/2015 via PR Newswire

Education Advisory Board, acquired GradesFirst

See 77 Comparable Transactions
synopsis: The Advisory Board Company announced that it has acquired GradesFirst and will include its functionality in the flagship Education Advisory Board (EAB) technology membership, the Student Success Collaborative. GradesFirst is a student success technology company that helps colleges and universities engage and support at-risk students.
buyer parent: The Advisory Board Company
buyer: Education Advisory Board
The Education Advisory Board is a provider of research, technology, and consulting services to colleges and universities nationwide. Through the firm's innovative membership model, EAB partners with academic and administrative leaders at more than 1,000 institutions. "
 target: GradesFirst
GradesFirst is a student success technology company that helps colleges and universities engage and support at-risk students. The company's user-friendly tools enhance the efficiency of student support teams by connecting campus services in a cloud-based platform.
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closed 12/17/2019 via PR Newswire

HackerRank, acquired Mimir

See 126 Comparable Transactions
synopsis: HackerRank, the world's leading developer skills company, has acquired Mimir, the cloud-based platform for computer science courses. Mimir's platform helps computer science teachers to assess their students' performance, strengths and weaknesses.
buyer: HackerRank
HackerRank is a developer skills platform that helps businesses evaluate software developers based on skill. HackerRank enables tech recruiters and hiring managers to objectively evaluate talent at every stage of the recruiting process, helping them to hire skilled developers and innovate faster. "
 target: Mimir
Mimir is a cloud-based platform for computer science courses. Mimir's platform helps computer science teachers to assess their students' performance, strengths and weaknesses. Mimir enables instructors to efficiently teach Computer Science courses of any scale without compromising education quality.
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closed 2/11/2020 via BusinessWire

Parchment Inc. merged with Credentials Solutions,

See 88 Comparable Transactions
synopsis: Parchment, a digital credential service that allows learners, academic institutions, and employers to request, verify, and share credentials, has merged with Credentials Solutions, a company that specializes in identifying labor-intensive administrative processes and replacing them with simplified, automated software solutions.
buyer: Credentials Solutions
Credentials Solutions specializes in identifying labor-intensive administrative processes at postsecondary institutions and replacing them with simplified, automated software solutions at a lower cost. They work with more than 800 institutions across their transcript automation product offerings. "
 target: Parchment Inc.
Parchment is the most widely adopted digital credential service, allowing learners, academic institutions, and employers to request, verify, and share credentials in simple and secure ways. The platform has helped millions of people exchange more than 30 million transcripts and credentials globally.
price ($mm)
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closed 10/27/2015 via PR Newswire

Cengage Learning, acquired Pathbrite

See 156 Comparable Transactions
synopsis: Cengage Learning, a leading educational content, technology and services company for the higher education and K-12, professional and library markets worldwide, announced its acquisition of Pathbrite's best-in-class ePortfolio solution. Pathbrite enables students to collect, track and showcase their work to demonstrate completion of assignments.
buyer parent: Apax Partners
buyer: Cengage Learning (OTCPK:CNGO:$1,593.70)
Cengage Learning is a leading educational content, technology and services company for the higher education and K-12, professional and library markets worldwide. The company provides superior content, personalized services and course-driven digital solutions that accelerate student engagement. "
 target: Pathbrite
Pathbrite was a venture-backed ed tech company based in San Francisco. Pathbrite has users at 900 schools, colleges, universities and organizations in the world. Pathbrite's portfolio platform is poised to revolutionize learning, teaching and assessment across the globe.
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closed 10/3/2012 via Company Press Release

Avow Systems, Inc. merged with Docufide,

See 75 Comparable Transactions
synopsis: Parchment Inc. announces the acquisition of Avow Systems, Inc., merging two of the leading electronic transcript platforms – Docufide® serving 30 percent of U.S. secondary schools and Avow Systems serving nearly 100 top postsecondary institutions.
buyer: Docufide
The Docufide platform is comprised of two inter-related modules: Docufide Sender® and Docufide Receiver®. These modules facilitate the request, capture, transformation and delivery of verified electronic education credentials linking schools, universities and other institutional stakeholders. "
 target: Avow Systems, Inc.
The Docufide platform is comprised of two inter-related modules: Docufide Sender® and Docufide Receiver®. These modules facilitate the request, capture, transformation and delivery of verified electronic education credentials linking schools, universities and other institutional stakeholders.
price ($mm)
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closed 3/6/2019 via Company Press Release

ExamSoft Worldwide, Inc., acquired LiftUpp Limited

See 75 Comparable Transactions
synopsis: ExamSoft, a secure testing and assessment platform company based in Dallas, announces the acquisition of leading UK-based clinical assessment company, Liftupp. Liftupp triangulates all assessment data to give a complete picture of student performance, professional competence and regulatory body compliance.
buyer parent: Spectrum Equity
buyer: ExamSoft Worldwide, Inc.
ExamSoft is a SaaS firm, providing a scalable and flexible assessment platform that gives educators actionable data and insights to improve student learning outcomes and academic achievement. "
 target: LiftUpp Limited
Liftupp provides assessment software developed by educators for educators. Liftupp triangulates all assessment data to give a complete picture of student performance, professional competence and regulatory body compliance.
price ($mm)
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closed 11/28/2018 via BNC Analysis

Wellspring International Education, acquired Quad Learning

See 66 Comparable Transactions
synopsis: D.C.–based Quad Learning was acquired by Illinois-based foreign student recruitment firm Wellspring International Education. Quad Learning is an edtech startup that created American Honors, a program that helps community college students transfer into four-year institutions.
buyer: Wellspring International Education
Wellspring recruits students from 35 countries globally to over 200 colleges, universities, high schools and language schools in the U.S., U.K., Canada, Australia and New Zealand. "
 target: Quad Learning
Quad Learning is an edtech startup that created American Honors, a program that helps community college students transfer into four-year institutions. Quad Learning drives institutional growth through international recruiting and expands student opportunities at leading universities.
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Ticker: TSE:4735
 
 
 
 
 
 
 
 
Kyoshin Co., Ltd.
Kyoshin Co., Ltd.
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EBITDA ($mm)
$12.17
EBIT ($mm)
$4.76
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$4.86
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1463
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Ticker: NSEI:CAREERP
 
 
 
 
 
 
 
 
Career Point Ltd.
Career Point Limited is a leading Indian education company with strong brand equity of providing quality education since 1993. With a strong foundation of academic excellence, Career Point caters to the needs of a student throughout the life cycle of a student (K.G. to PhD.)
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$6.02
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ItoKuro Inc.
ItoKuro Inc.
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$5.90
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New Oriental
New Oriental
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With Us Corp
With Us Corp
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EBITDA ($mm)
$9.21
EBIT ($mm)
$5.39
Net Income ($mm)
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CL Educate Limited
CL Educate Limited
CL Educate Limited (CL), is India’s leading education & knowledge services provider. CL Educate operates through two segments, which include Education and training program (including sale of study material) and Vocational training.
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Ticker: OTCQB:ELRN
 
 
 
 
 
 
 
 
Greenwood Hall Inc.
Greenwood Hall Inc.
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$8.56
EBITDA ($mm)
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EBIT ($mm)
($4.27)
Net Income ($mm)
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Ticker: OTCPK:AMCT
 
 
 
 
 
 
 
 
American Education Center
Leveraging its industry knowledge and technical expertise, American Education Center delivers customized services to capitalize on the increasing demand for quality education in the United States as well as training on operational compliance in China.
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EBITDA ($mm)
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Academies Australasia Pty Limited
Academies Australasia is an education provider that service through 10 separately colleges operating in Australia and Singapore. They offer English language, Senior High School, Singapore Government School Preparatory Certificate, Diploma, Advanced Diploma, Bachelor and Master degree courses.
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2013
rev ($mm)
$37.46
EBITDA ($mm)
$6.18
EBIT ($mm)
$5.53
Net Income ($mm)
$4.13
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47
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