By SmartPros Ltd.

closed 12/22/2015 via BusinessWire

Kaplan, Inc., acquired SmartPros Ltd.

synopsis: Kaplan, Inc., the global education services company and largest subsidiary of Graham Holdings, has completed its acquisition of SmartPros, Ltd., a leading provider of accredited professional education and training, primarily in accountancy.
buyer parent: Graham Holdings Company
buyer: Kaplan, Inc.
Kaplan, Inc., is a leading international provider of educational and career services for individuals, schools and businesses. Kaplan serves students of all ages through a wide array of offerings including higher education, test preparation, professional training and programs for kids and schools. "
target: SmartPros Ltd. (SPRO:$13.51)
Founded in 1981, SmartPros Ltd. is an industry leader in the field of accredited professional education and corporate training. Its products and services are primarily focused in the accredited professional areas of corporate accounting, financial management, public accounting, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/14/2012 via GlobeNewswire

SmartPros Ltd., purchased 150+ E-Learning Courses and IP from Global Collaboration Partners LLC

synopsis: SmartPros Ltd. announced that it has purchased certain assets of online training company, Global Collaboration Partners LLC. The assets include more than 150 e-learning courses in the areas of environmental health, safety, human resources, and energy exploration markets, as well as certain intellectual property.
buyer: SmartPros Ltd. (SPRO:$13.51)
Founded in 1981, SmartPros Ltd. is an industry leader in the field of accredited professional education and corporate training. Its products and services are primarily focused in the accredited professional areas of corporate accounting, financial management, public accounting, and more. "
seller: Global Collaboration Partners LLC
Global Collaboration Partners is an e-learning company dedicated to creating the best possible online courseware for the global workforce. The company specializes in agile, accurate training.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/22/2015 via BusinessWire

Kaplan, Inc., acquired SmartPros Ltd.

synopsis: Kaplan, Inc., the global education services company and largest subsidiary of Graham Holdings, has completed its acquisition of SmartPros, Ltd., a leading provider of accredited professional education and training, primarily in accountancy.
buyer parent: Graham Holdings Company
buyer: Kaplan, Inc.
Kaplan, Inc., is a leading international provider of educational and career services for individuals, schools and businesses. Kaplan serves students of all ages through a wide array of offerings including higher education, test preparation, professional training and programs for kids and schools. "
target: SmartPros Ltd. (SPRO:$13.51)
Founded in 1981, SmartPros Ltd. is an industry leader in the field of accredited professional education and corporate training. Its products and services are primarily focused in the accredited professional areas of corporate accounting, financial management, public accounting, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/26/2021 via PR Newswire

KnowFully Learning Group, acquired Creative Educational Concepts

synopsis: KnowFully Learning Group, a leading provider of continuing professional education, exam preparation and digital learning, announced the acquisition of Creative Educational Concepts, an accredited provider of interprofessional continuing education for physicians, pharmacists, nurses, and related members of the interprofessional healthcare team.
buyer parent: NexPhase Capital
buyer: KnowFully Learning Group
KnowFully Learning Group is a leading provider of end-to-end professional education in the accounting, finance, and healthcare sectors. KnowFully's brands enable students and professionals to prepare for and pass professional licensure exams and satisfy required credit hours to maintain credentials."
target: Creative Educational Concepts
Creative Educational Concepts (CEC) designs, develops and delivers responsive continuing medical education initiatives for physicians, pharmacists, nurse, and related members of the interprofessional healthcare team. CEC educational modalities include live symposia, grand rounds, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/20/2019 via BNC Analysis

NexPhase Capital, acquired Surgent

synopsis: NexPhase Capital, a thematic and operationally-focused independent private equity firm that makes equity investments in lower middle market growth-oriented companies, acquired Surgent Professional Education, he largest independent provider of continuing education for CPAs and other financial professionals in the United States.
buyer: NexPhase Capital
NexPhase Capital is a thematic and operationally-focused independent private equity firm that makes equity investments between $25 million and $75 million in lower middle market growth-oriented companies in the healthcare, consumer and software and services sectors. "
target parent: Spire Capital Partners, L.P.
target: Surgent
Surgent Professional Education is the largest independent provider of continuing education for CPAs and other financial professionals in the United States. It has provided more than 5.6 million CPE credits to tens of thousands of accounting professionals across the U.S. and abroad.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/1/2016 via GlobeNewswire

Wolters Kluwer Tax & Accounting US, acquired CPE Link

synopsis: Wolters Kluwer Tax & Accounting announced that it has signed and completed an agreement to acquire CPE Link, a leading online provider of continuing professional education (CPE) for accountants, tax preparers, and financial advisors. The acquisition will expand and complement Wolters Kluwer's existing learning portfolio.
buyer parent: Wolters Kluwer NV
buyer: Wolters Kluwer Tax & Accounting US
Wolters Kluwer Tax & Accounting US (CCHGroup.com) is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advice clients. "
target: CPE Link
CPE Link offers online Continuing Professional Education (CPE) for accounting and finance professionals via live webcasts, and multi-media, mobile friendly on-demand courses. CPE Link instructors are all tax professionals, who are experts in their fields and have many years of practical experience.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/19/2005 via BusinessWire

Becker Professional Review, acquired Gearty CPE

synopsis: Becker Professional Review, a division of DeVry Inc., today announced that it has entered the continuing professional education (CPE) business through the acquisition of Gearty CPE by a DeVry Inc. subsidiary.
buyer parent: DeVry Inc.
buyer: Becker Professional Review
Becker Professional Review is a professional education provider specializing in coursework for accounting and finance certification exams in more than 350 instructor-led classroom locations around the world, as well as via online and CD-ROM delivery. "
target: Gearty CPE
Gearty CPE is a provider of high quality continuing professional education programs and seminars in accounting and finance predominantly serving financial officers and controllers of Fortune 500 companies in the New York/New Jersey metro area.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/12/2017 via BusinessWire

American Institute of CPAS, acquired Accounting Pilot and Bridge Project

synopsis: The American Institute of CPAs announced that it has acquired the Accounting Pilot and Bridge Project (APBP), a program that trains high school educators to teach a higher level accounting curriculum. The APBP curriculum is comparable to what a college student would learn in an entry level accounting course.
buyer: American Institute of CPAS
The American Institute of CPAs (AICPA) is the world’s largest member association representing the accounting profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. "
target: Accounting Pilot and Bridge Project
The Accounting Pilot and Bridge Project (APBP) is a program that trains high school educators to teach a higher level accounting curriculum. After going through the APBP program, teachers will have the ability to teach a course that is substantially more advanced than the average high school level.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/19/2019 via BNC Analysis

Advantage Partners, acquired Abitus, Inc.

synopsis: Advantage Partners, a Japanese private equity firm, has acquired Abitus Inc, a vocational education firm providing qualification training in various overseas certifications. Abitus offers US Certified Public Accountant (CPA), Certified Internal Auditor (CIA), and Certified Information Systems Auditor (CISA) certifications.
buyer: Advantage Partners
Advantage Partners continues to be businesses’ optimal partner in Japan’s private equity market. They became the first in Japan to offer services for buyout funds in 1997. Advantage Partners maintains position as the gold standard in Japan for both investing in private companies as well as exits. "
target: Abitus, Inc.
Abitus is a vocational education firm in Japan. Abitus provides qualification training in various overseas certifications, such as the US Certified Public Accountant (CPA), Certified Internal Auditor (CIA), and Certified Information Systems Auditor (CISA) certifications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/5/2012 via BusinessWire

John Wiley & Sons, Inc., acquired CPAexcel

synopsis: John Wiley & Sons, Inc., a global provider of content and workflow solutions supporting research; professional development; and education, announced that it has acquired Efficient Learning Systems (ELS), Inc, an e-learning system provider in areas like professional finance and accounting.
buyer: John Wiley & Sons, Inc. (NYSE:JW.A:$1,864.09)
John Wiley & Sons is a global publisher. Wiley and its acquired companies have published the works of more than 450 Nobel laureates in all categories: Literature, Economics, Physiology/Medicine, Physics, Chemistry and Peace. "
target: CPAexcel
Efficient Learning Systems, Inc. is a leader in computer-based exam review for students. As producers of CPAexcel CPA Exam Review, it produces online test preparation platforms that enrich the learning experience through the use of a unique presentation system.
price ($mm)
$24
rev ($mm)
$7
EBITDA ($mm)
EV / rev
3.4x
EV / EBITDA
announced 3/23/2016 via PR Newswire

China Distance Education Holdings Limited, will acquire Xiamen NetinNet Software Co., Ltd.

synopsis: China Distance Education Holdings Limited, a leading provider of online education in China focusing on professional education, announced it has signed a definitive agreement to acquire Xiamen NetinNet Software, a leading learning simulation software provider specializing in practical accounting-related learning solutions for China's college market.
buyer: China Distance Education Holdings Limited (DL:$223.74)
China Distance Education Holdings Limited is a leading provider of online education in China focusing on professional education. Their courses are designed to help professionals seeking to obtain and maintain professional licenses and to enhance job skills. "
target: Xiamen NetinNet Software Co., Ltd.
Xiamen NetinNet provides learning simulation software tailored for China's college market, and offers a suite of accounting-related learning products. Xiamen NetinNet is one of the leading providers of practical accounting-related learning solutions in China's college market.
price ($mm)
$33*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/22/2015 via BusinessWire

Kaplan, Inc., acquired SmartPros Ltd.

synopsis: Kaplan, Inc., the global education services company and largest subsidiary of Graham Holdings, has completed its acquisition of SmartPros, Ltd., a leading provider of accredited professional education and training, primarily in accountancy.
buyer parent: Graham Holdings Company
buyer: Kaplan, Inc.
Kaplan, Inc., is a leading international provider of educational and career services for individuals, schools and businesses. Kaplan serves students of all ages through a wide array of offerings including higher education, test preparation, professional training and programs for kids and schools. "
target: SmartPros Ltd. (SPRO:$13.51)
Founded in 1981, SmartPros Ltd. is an industry leader in the field of accredited professional education and corporate training. Its products and services are primarily focused in the accredited professional areas of corporate accounting, financial management, public accounting, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/26/2021 via PR Newswire

KnowFully Learning Group, acquired Creative Educational Concepts

synopsis: KnowFully Learning Group, a leading provider of continuing professional education, exam preparation and digital learning, announced the acquisition of Creative Educational Concepts, an accredited provider of interprofessional continuing education for physicians, pharmacists, nurses, and related members of the interprofessional healthcare team.
buyer parent: NexPhase Capital
buyer: KnowFully Learning Group
KnowFully Learning Group is a leading provider of end-to-end professional education in the accounting, finance, and healthcare sectors. KnowFully's brands enable students and professionals to prepare for and pass professional licensure exams and satisfy required credit hours to maintain credentials."
target: Creative Educational Concepts
Creative Educational Concepts (CEC) designs, develops and delivers responsive continuing medical education initiatives for physicians, pharmacists, nurse, and related members of the interprofessional healthcare team. CEC educational modalities include live symposia, grand rounds, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/20/2019 via BNC Analysis

NexPhase Capital, acquired Surgent

synopsis: NexPhase Capital, a thematic and operationally-focused independent private equity firm that makes equity investments in lower middle market growth-oriented companies, acquired Surgent Professional Education, he largest independent provider of continuing education for CPAs and other financial professionals in the United States.
buyer: NexPhase Capital
NexPhase Capital is a thematic and operationally-focused independent private equity firm that makes equity investments between $25 million and $75 million in lower middle market growth-oriented companies in the healthcare, consumer and software and services sectors. "
target parent: Spire Capital Partners, L.P.
target: Surgent
Surgent Professional Education is the largest independent provider of continuing education for CPAs and other financial professionals in the United States. It has provided more than 5.6 million CPE credits to tens of thousands of accounting professionals across the U.S. and abroad.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/1/2016 via GlobeNewswire

Wolters Kluwer Tax & Accounting US, acquired CPE Link

synopsis: Wolters Kluwer Tax & Accounting announced that it has signed and completed an agreement to acquire CPE Link, a leading online provider of continuing professional education (CPE) for accountants, tax preparers, and financial advisors. The acquisition will expand and complement Wolters Kluwer's existing learning portfolio.
buyer parent: Wolters Kluwer NV
buyer: Wolters Kluwer Tax & Accounting US
Wolters Kluwer Tax & Accounting US (CCHGroup.com) is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advice clients. "
target: CPE Link
CPE Link offers online Continuing Professional Education (CPE) for accounting and finance professionals via live webcasts, and multi-media, mobile friendly on-demand courses. CPE Link instructors are all tax professionals, who are experts in their fields and have many years of practical experience.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/19/2005 via BusinessWire

Becker Professional Review, acquired Gearty CPE

synopsis: Becker Professional Review, a division of DeVry Inc., today announced that it has entered the continuing professional education (CPE) business through the acquisition of Gearty CPE by a DeVry Inc. subsidiary.
buyer parent: DeVry Inc.
buyer: Becker Professional Review
Becker Professional Review is a professional education provider specializing in coursework for accounting and finance certification exams in more than 350 instructor-led classroom locations around the world, as well as via online and CD-ROM delivery. "
target: Gearty CPE
Gearty CPE is a provider of high quality continuing professional education programs and seminars in accounting and finance predominantly serving financial officers and controllers of Fortune 500 companies in the New York/New Jersey metro area.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/12/2017 via BusinessWire

American Institute of CPAS, acquired Accounting Pilot and Bridge Project

synopsis: The American Institute of CPAs announced that it has acquired the Accounting Pilot and Bridge Project (APBP), a program that trains high school educators to teach a higher level accounting curriculum. The APBP curriculum is comparable to what a college student would learn in an entry level accounting course.
buyer: American Institute of CPAS
The American Institute of CPAs (AICPA) is the world’s largest member association representing the accounting profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. "
target: Accounting Pilot and Bridge Project
The Accounting Pilot and Bridge Project (APBP) is a program that trains high school educators to teach a higher level accounting curriculum. After going through the APBP program, teachers will have the ability to teach a course that is substantially more advanced than the average high school level.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/19/2019 via BNC Analysis

Advantage Partners, acquired Abitus, Inc.

synopsis: Advantage Partners, a Japanese private equity firm, has acquired Abitus Inc, a vocational education firm providing qualification training in various overseas certifications. Abitus offers US Certified Public Accountant (CPA), Certified Internal Auditor (CIA), and Certified Information Systems Auditor (CISA) certifications.
buyer: Advantage Partners
Advantage Partners continues to be businesses’ optimal partner in Japan’s private equity market. They became the first in Japan to offer services for buyout funds in 1997. Advantage Partners maintains position as the gold standard in Japan for both investing in private companies as well as exits. "
target: Abitus, Inc.
Abitus is a vocational education firm in Japan. Abitus provides qualification training in various overseas certifications, such as the US Certified Public Accountant (CPA), Certified Internal Auditor (CIA), and Certified Information Systems Auditor (CISA) certifications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/5/2012 via BusinessWire

John Wiley & Sons, Inc., acquired CPAexcel

synopsis: John Wiley & Sons, Inc., a global provider of content and workflow solutions supporting research; professional development; and education, announced that it has acquired Efficient Learning Systems (ELS), Inc, an e-learning system provider in areas like professional finance and accounting.
buyer: John Wiley & Sons, Inc. (NYSE:JW.A:$1,864.09)
John Wiley & Sons is a global publisher. Wiley and its acquired companies have published the works of more than 450 Nobel laureates in all categories: Literature, Economics, Physiology/Medicine, Physics, Chemistry and Peace. "
target: CPAexcel
Efficient Learning Systems, Inc. is a leader in computer-based exam review for students. As producers of CPAexcel CPA Exam Review, it produces online test preparation platforms that enrich the learning experience through the use of a unique presentation system.
price ($mm)
$24
rev ($mm)
$7
EBITDA ($mm)
EV / rev
3.4x
EV / EBITDA
announced 3/23/2016 via PR Newswire

China Distance Education Holdings Limited, will acquire Xiamen NetinNet Software Co., Ltd.

synopsis: China Distance Education Holdings Limited, a leading provider of online education in China focusing on professional education, announced it has signed a definitive agreement to acquire Xiamen NetinNet Software, a leading learning simulation software provider specializing in practical accounting-related learning solutions for China's college market.
buyer: China Distance Education Holdings Limited (DL:$223.74)
China Distance Education Holdings Limited is a leading provider of online education in China focusing on professional education. Their courses are designed to help professionals seeking to obtain and maintain professional licenses and to enhance job skills. "
target: Xiamen NetinNet Software Co., Ltd.
Xiamen NetinNet provides learning simulation software tailored for China's college market, and offers a suite of accounting-related learning products. Xiamen NetinNet is one of the leading providers of practical accounting-related learning solutions in China's college market.
price ($mm)
$33*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

By SmartPros Ltd.


read more

SmartPros Ltd.

Global Collaboration Partners LLC

read more

SmartPros Ltd.

Creative Educational Concepts

Surgent

CPE Link

Gearty CPE

Accounting Pilot and Bridge Project

Abitus, Inc.

CPAexcel

Xiamen NetinNet Software Co., Ltd.

read more

SmartPros Ltd.

Creative Educational Concepts

Surgent

CPE Link

Gearty CPE

Accounting Pilot and Bridge Project

Abitus, Inc.

CPAexcel

Xiamen NetinNet Software Co., Ltd.

Geography
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