Like Bureau ICE

closed 6/28/2012 via Reuters

Malmberg, acquired Bureau ICE

synopsis: Educational publisher Malmberg, part of Sanoma Learning has acquired and closed the acquisition of the testing and examination company Bureau ICE. Bureau ICE produces tests and exams for secondary and vocational education in the Netherlands. The acquisition is in line with Sanoma's strategy to focus on learning.
buyer parent: Sanoma Oyj
buyer: Malmberg
Malmberg is a leading educational publisher in the Netherlands and was founded in 1885. Malmberg publishes mixed media learning systems and educational tools for primary, secondary and vocational schools in the Dutch market. "
target: Bureau ICE
Bureau ICE is a testing and examination company. Bureau ICE produces tests and exams for secondary and vocational education in the Netherlands.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/4/2019 via GlobeNewswire

Transom Capital Group, acquired Scantron Corporation

synopsis: Transom Capital Group, an operations-focused middle-market private equity firm, has acquired Scantron Corporation, a global technology and services driven company whose experts provide comprehensive assessment and technology solutions. Scantron is a widely recognized brand world-wide with a history in delivering quality, accuracy, and reliability.
buyer: Transom Capital Group
Transom is an operations-focused private equity firm in the middle market with more than $500M in assets under management. The firm's methodology and industry expertise create improved operational efficiency, significant top-line growth, and distinctive outcomes. "
target parent: MacAndrews & Forbes Holdings Inc.
target: Scantron Corporation
Scantron Corporation is a global, diversified company that empowers growth through intelligent, mission-critical assessment, technology, and data capture solutions for business, education, certification, and government clients around the world.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/26/2018 via BNC Analysis

Unacademy, acquired WiFiStudy

synopsis: Unacademy, India's largest education platform, has acquired WiFiStudy, an online education and examination portal for students and job seekers in India. WiFiStudy provides online exam preparation material and sample tests for all major competitive exams. Their material covers SSC, banking, state police, railway, civil services and defence.
buyer: Unacademy
Unacademy is India's largest education platform. Unacademy offers over 2,400 online video lessons and specialized courses. The platform provides lessons and courses for test preparation, language, programming, job preparation, CBSE, engineering, Indian history, world history and more. "
target: WiFiStudy
Founded in 2013, WiFiStudy is an online education and examination portal for students and job seekers in India. WiFiStudy provides online exam preparation material and sample tests for all major competitive exams. Their material covers SSC, banking, state police, railway, civil services and defence.
price ($mm)
$10
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/6/2011 via Capital IQ

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

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)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/28/2017 via BNC Analysis

Telegraph Media Group, acquired Gojimo

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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/13/2017 via BNC Analysis

Aksia Group SGR, acquired Alpha Test Srl

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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/31/2017 via PR Newswire

ST Unitas Co. Ltd., acquired The Princeton Review

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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/10/2015 via BNC Analysis

Embibe, acquired 100 Marks

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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/21/2012 via

Charlesbank Capital Partners LLC, acquired Princeton Review Higher Education Readiness

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 3/18/2020 via BNC Analysis

Interspace Co.,Ltd., will acquire Unite Project Inc.

synopsis: Interspace Co., Ltd., a Japanese company mainly engaged in advertisement and media businesses, will acquire Unite Project Inc., a Japanese company focused on cram schools. Unite Project operates Jukushiru, a comparison website for cram schools. The platform covers cram schools for students in elementary school to high school.
buyer: Interspace Co.,Ltd. (TSE:2122:$246.92)
Interspace is a Japanese company mainly engaged in advertisement and media businesses. Interspace's ACCESSTRADE is one of the largest affiliate service networks in Japan. ACCESSTRADE offers a network of over 500,000 affiliate partner sites. "
target: Unite Project Inc.
Unite Project Inc. is a Japanese company focused on cram schools. Unite Project operates Jukushiru, a comparison website that provides detailed information about cram schools all over Japan. The platform covers cram schools for students in elementary school to high school.
price ($mm)
rev ($mm)
$0
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 11/14/2012 via PR Web

Bell Curves LLC, will acquire Acceptional, Inc.

synopsis: Bell Curves, LLC, a privately held test preparation company based in New York City, announced that it has signed a definitive agreement to acquire the assets of Acceptional, Inc, a provider of college admissions essay writing resources.
buyer: Bell Curves LLC
Bell Curves is a socially responsible test prep and educational services company based in New York City. Since its inception, it has developed a diverse clientele comprised of non-profit organizations, educational institutions, young professionals, and college and graduate school-bound students. "
target: Acceptional, Inc.
Acceptional, Inc. provides college admissions essay writing resources. A student at one of Acceptional's target schools uploads the personal statement or college admission essay that got her into college. Every time someone reads that sample college essay, the author gets paid.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/30/2015 via PR Newswire

Data Recognition Corporation, will acquire CTB/McGraw-Hill

synopsis: Data Recognition Corporation (DRC), a leading provider of educational assessment services, announced it has agreed to acquire key assets of the CTB assessment business of McGraw-Hill Education. CTB/McGraw-Hill is a leader in testing with recognized products for online interim and formative, adult, and language proficiency assessment.
buyer: Data Recognition Corporation
Data Recognition Corporation provides full-service educational testing and assessment programs, large-scale survey research and data collection, and comprehensive digital and mailing document solutions. "
target parent: Apollo Global Management
target: CTB/McGraw-Hill
CTB/McGraw-Hill has over an 85-year record of excellence in assessment, and serves more than 18 million students in all 50 states and 49 countries. CTB/McGraw-Hill is a leader in testing with recognized products for online interim and formative, adult, and language proficiency assessment.
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 10/18/2010 via BusinessWire

Triumph Learning, acquired Educational Tools, Inc.

synopsis: Triumph Learning, the market leader in state-specific, standards-focused education material that supports student instruction, said that it has acquired Educational Tools, Inc., the developer of the industry leading iCORE digital curriculum product for state-aligned and Common Core standards instruction.
buyer parent: Haights Cross Communications, LLC
buyer: Triumph Learning
Triumph Learning, a subsidiary of Haights Cross Communications, is the market leader in state-specific, standards-focused education material that supports student instruction. The company’s mission is to assist teachers in their goal to raise student achievement. "
target: Educational Tools, Inc.
Educational Tools, Inc. is the creator and developer of iCORE, an industry leading digital curriculum tool for K-12 teachers nationwide. iCORE provides individualized instruction that is fully aligned to state specific standards for math, science, reading and social studies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/28/2018 via BusinessWire

Asteria Education, Inc., acquired ECS Learning Systems, Inc.

synopsis: ECS Learning Systems, a leading integrated test prep company in Texas, announced Asteria Education, Inc. has acquired substantially all of the assets of ECS Learning Systems, Inc. ECS Learning Systems is the Integrated Standards Prep™ company publishing STAAR MASTER®, TestSMART® and Novel Units®.
buyer: Asteria Education, Inc.
The mission of Asteria Education, Inc. is to provide affordable high quality learning solutions to help all students achieve academic success. Asteria was created in 2017 and is actively pursuing acquisition opportunities in the education space. "
target: ECS Learning Systems, Inc.
Founded in 1982 in San Antonio, Texas, ECS Learning Systems is the Integrated Standards Prep™ company publishing STAAR MASTER®, TestSMART® and Novel Units®. From the beginning, their company mission has been to create quality, innovative K-12 resources that make teaching easier.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/4/2006 via BNC Analysis

Huveaux plc, acquired Letts Educational Limited

synopsis: Granada Learning has announced the sale of its market-leading revision publishing divisions, Letts Educational Limited and Leckie & Leckie Limited, to Huveaux PLC, the publishing and media group.
buyer: Huveaux plc (GB:DODS.GB:$26.72)
Huveaux was formed with the objective of building a substantial, high-quality publishing and media group. It is now twenty fold the size when it first listed on AIM. The Group consists of the Political, Learning and Healthcare Divisions, each of which has strong brands and market-leading positions. "
target parent: Veronis Suhler Stevenson
target: Letts Educational Limited
Letts and Lonsdale publish accessible and manageable revision guides and other revision resources for pupils preparing for tests and exams.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/13/2014 via BusinessWire

Link-Systems International, acquired ComFit Learning

synopsis: Link-Systems International, Inc., a market leader in integrated, technology-based solutions for educators, announced that, through its wholly owned subsidiary CF Learning, LLC, it has completed its acquisition of the Comfit™ online learning business from Comfit, LLC, a Connecticut-based education company.
buyer: Link-Systems International
Link-Systems International, Inc. (LSI) is a market-leading software company that helps academic institutions create effective digital solutions for teaching and learning. LSI has created several unique and powerful software platforms that facilitate the sharing of content over the Internet. "
target: ComFit Learning
ComFit Learning is an Internet-based education company that develops technology-supported instructional resources specifically designed to help educators reverse the increasingly worrisome trend of declining retention and graduation rates.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/12/2018 via BusinessWire

Alpine Investors, LP, will purchase Riverside Clinical and Standardized Testing from Houghton Mifflin Harcourt

synopsis: Alpine Investors, a software and services focused private equity firm, is to acquire the Riverside Clinical and Standardized Testing Portfolio of Houghton Mifflin Harcourt. This portfolio includes, among others, the well-regarded brands Cognitive Abilities Test (CogAT), Iowa Assessments, Woodcock Johnson, and Battelle Developmental Inventory (BDI).
buyer: Alpine Investors, LP
Alpine Investors is a software and services focused private equity firm that differentiates itself through its PeopleFirst strategy. It’s PeopleFirst strategy includes a CEO-in-Residence (CIR) program, where Alpine partners with CEOs first and places them into companies as part of the transaction. "
seller: Houghton Mifflin Harcourt (HMHC:$1,387.60)
The acquisition includes the Riverside Clinical and Standardized Testing Portfolio of Houghton Mifflin Harcourt. This portfolio includes, among others, the well-regarded brands Cognitive Abilities Test (CogAT), Iowa Assessments, Woodcock Johnson, and Battelle Developmental Inventory (BDI).
price ($mm)
$140
rev ($mm)
$80
EBITDA ($mm)
EV / rev
1.8x
EV / EBITDA
closed 5/29/2013 via BNC Analysis

Perfection Learning Corporation, acquired AMSCO School Publications, Inc.

synopsis: AMSCO School Publications has sold certain assets to Perfection Learning, a leading publisher of teacher and student curriculum materials. In its 78 year history, AMSCO has served major school districts with its quality supplemental instructional materials that not only provided customer value but also assisted students in passing their exams.
buyer: Perfection Learning Corporation
Perfection Learning is a leading publisher of teacher and student curriculum materials for grades K-12. Perfection Learning provides high-quality, innovative curriculum solutions to K-12 schools across the country and internationally. "
target: AMSCO School Publications, Inc.
AMSCO provides high quality, inexpensive textbooks and support materials to the educational community. Their course texts, review, and test prep books reflect national and state standards for curriculum and assessment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/20/2021 via BNC Analysis

UOL EdTech, acquired Passei Direto

synopsis: UOL EdTech, the largest edtech company in Brazil, has acquired Passei Direto, an online study platform in Brazil. Passei Direto connects university students with each other, enabling them to share study materials and ask each other questions. Their platform offers shared learning content from over 5 million students.
buyer: UOL EdTech
UOL EdTech is the largest edtech company in Brazil. UOL EdTech develops technology platforms and digital learning experiences for corporate education and educational institutions. Their learning management systems transform the way schools and companies teach and train. "
target: Passei Direto
Passei Direto is an online study platform in Brazil. Passei Direto connects university students with each other, enabling them to share study materials and ask each other questions. Their platform offers shared learning content from over 5 million students.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/28/2012 via Reuters

Malmberg, acquired Bureau ICE

synopsis: Educational publisher Malmberg, part of Sanoma Learning has acquired and closed the acquisition of the testing and examination company Bureau ICE. Bureau ICE produces tests and exams for secondary and vocational education in the Netherlands. The acquisition is in line with Sanoma's strategy to focus on learning.
buyer parent: Sanoma Oyj
buyer: Malmberg
Malmberg is a leading educational publisher in the Netherlands and was founded in 1885. Malmberg publishes mixed media learning systems and educational tools for primary, secondary and vocational schools in the Dutch market. "
target: Bureau ICE
Bureau ICE is a testing and examination company. Bureau ICE produces tests and exams for secondary and vocational education in the Netherlands.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/28/2012 via Reuters

Malmberg, acquired Bureau ICE

synopsis: Educational publisher Malmberg, part of Sanoma Learning has acquired and closed the acquisition of the testing and examination company Bureau ICE. Bureau ICE produces tests and exams for secondary and vocational education in the Netherlands. The acquisition is in line with Sanoma's strategy to focus on learning.
buyer parent: Sanoma Oyj
buyer: Malmberg
Malmberg is a leading educational publisher in the Netherlands and was founded in 1885. Malmberg publishes mixed media learning systems and educational tools for primary, secondary and vocational schools in the Dutch market. "
target: Bureau ICE
Bureau ICE is a testing and examination company. Bureau ICE produces tests and exams for secondary and vocational education in the Netherlands.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/28/2012 via Reuters

Malmberg, acquired Bureau ICE

synopsis: Educational publisher Malmberg, part of Sanoma Learning has acquired and closed the acquisition of the testing and examination company Bureau ICE. Bureau ICE produces tests and exams for secondary and vocational education in the Netherlands. The acquisition is in line with Sanoma's strategy to focus on learning.
buyer parent: Sanoma Oyj
buyer: Malmberg
Malmberg is a leading educational publisher in the Netherlands and was founded in 1885. Malmberg publishes mixed media learning systems and educational tools for primary, secondary and vocational schools in the Dutch market. "
target: Bureau ICE
Bureau ICE is a testing and examination company. Bureau ICE produces tests and exams for secondary and vocational education in the Netherlands.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/16/2018 via BusinessWire

Cambium Learning Group merged with Veritas Capital Partners,

synopsis: Cambium Learning Group, Inc., a leading educational technology solutions company committed to helping all students reach their full potential, announced that it has completed its previously announced sale to certain affiliates of Veritas Capital, a leading private equity investment firm.
buyer: Veritas Capital Partners
Veritas Capital is a leading private equity firm that invests in companies that provide critical products and services, primarily technology and technology-enabled solutions, to government and commercial customers worldwide. "
target parent: Veronis Suhler Stevenson
target: Cambium Learning Group (ABCD:$159.46)
Cambium Learning Group, Inc. is an award-winning educational technology solutions leader dedicated to helping all students reach their potential through individualized and differentiated instruction.
price ($mm)[EV]
$686 [$703]
rev ($mm)
$161
EBITDA ($mm)
$30
EV / rev
4.5x
EV / EBITDA
24.4x
closed 8/27/2014 via BNC Analysis

Bayard USA, acquired Peter Li, Inc.

synopsis: Peter Li Inc. of Dayton has been acquired by Bayard Inc. Peter Li, Inc. is a national educational publishing and media company exclusively serving the K-12 and higher education market. Its two divisions include the Peter Li Education Group, College Planning & Management, School Planning & Management, and Today's Catholic Teacher.
buyer parent: Bayard Presse
buyer: Bayard USA
Bayard is present in the US in the publishing industry mainly through the trademark Twenty-Third. This trademark is extremely strong among American parishes. Its catalogue includes all facets of the pastoral and provides tools to those who want to understand and develop their faith. "
target: Peter Li, Inc.
Peter Li, Inc. is a national educational publishing and media company exclusively serving the K-12 and higher education market. Its two divisions include the Peter Li Education Group, College Planning & Management, School Planning & Management, and Today's Catholic Teacher.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/22/2010 via Company Press Release

Pearson plc, will purchase Learning Systems Business from Sistema Educacional Brasileiro

synopsis: Pearson PLC, an education company, and Sistema Educacional Brasileiro, a Brazilian education company, announced a strategic partnership to develop educational products and services for the fast-growing Brazilian education market. Under the terms of the agreement, Pearson will acquire SEB's school learning systems business.
buyer: Pearson plc (LSE:PSON:$4,926.49)
Pearson is an international education and media company with world-leading businesses in education, business information and consumer publishing. "
seller: Sistema Educacional Brasileiro
Sistema Educacional Brasileiro's learnings systems include curriculum design, teacher support and training, print and digital materials, technology and assessment services.
price ($mm)
$286
rev ($mm)
$246
EBITDA ($mm)
$31
EV / rev
1.2x
EV / EBITDA
9.1x
closed 3/19/2010 via BNC Analysis

Harper Collins Publishers Limited, acquired Letts and Londsdale

synopsis: Huveaux Plc. confirmed that it has completed the sale to Harper Collins Publishers Limited of the entire share capital of Letts Educational Limited and Leckie & Leckie Limited and of the business and assets of Lonsdale or together the "Education Division" for a cash consideration of £10.0 million.
buyer parent: News Corporation
buyer: Harper Collins Publishers Limited
HarperCollins Publishers is one of the world’s leading English-language publishers. HarperCollins is a broad-based publisher with strengths in literary and commercial fiction, business books, children’s books, cookbooks, and mystery, romance, reference, religious, and spiritual books. "
target parent: Huveaux plc
target: Letts and Londsdale
Letts and Lonsdale publish accessible and manageable revision guides and other revision resources for pupils preparing for tests and exams.
price ($mm)
$15
rev ($mm)
$24
EBITDA ($mm)
$5
EV / rev
0.6x
EV / EBITDA
2.9x
closed 12/9/2009 via PR Newswire

Voyager Learning Company merged with Cambium Learning,

synopsis: Cambium Learning Group, Inc., announced it has completed the merger of Cambium Learning, Inc., a company serving the needs of at-risk and special student populations, and Voyager Learning Company, a provider of educational solutions.
buyer parent: Veronis Suhler Stevenson
buyer: Cambium Learning (ABCD:$159.46)
Cambium Learning is an education company that provides research-based, culturally responsive and proven instructional materials, services and technology to help educators raise the achievement level of those pre K through grade 12 students underserved by existing instructional materials. "
target: Voyager Learning Company
Voyager Learning Company is a leading provider of K-12 curriculum products, in-school core reading programs, reading and math intervention programs, and professional development programs for school districts throughout the United States.
price ($mm)
rev ($mm)
$102
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 1/31/2007 via Company Press Release

Veronis Suhler Stevenson, will acquire Cambium Learning

synopsis: Veronis Suhler Stevenson, a leading private equity investor announced the signing of a definitive agreement to acquire Cambium Learning, Inc., a leading education company that provides intervention solutions for literacy and mathematics. Terms of the purchase from J.H.Whitney & Co. were not disclosed.
buyer: Veronis Suhler Stevenson
Veronis Suhler Stevenson is a private equity and mezzanine capital fund management company dedicated to investing in the media, communications, information and education industries in North America and Europe. "
target parent: Whitney & Co. LLC
target: Cambium Learning (ABCD:$159.46)
Cambium Learning is an education company that provides research-based, culturally responsive and proven instructional materials, services and technology to help educators raise the achievement level of those pre K through grade 12 students underserved by existing instructional materials.
price ($mm)
$325
rev ($mm)
$100
EBITDA ($mm)
EV / rev
3.3x
EV / EBITDA
closed 8/7/2011 via PR Web

Alphabest Education, Inc., acquired School-Age Notes

synopsis: AlphaBEST Education, Inc., a leader in after-school programming, announced it has completed the acquisition of School-Age NOTES, a publisher of timely and innovative resources for after-school professionals. With this acquisition, AlphaBEST Education is expanding its commitment to serve the after-school field.
buyer: Alphabest Education, Inc.
AlphaBEST Education, Inc. designs and operates academically focused extended day programs that offer opportunities for elementary school students to learn, develop, explore, and have fun beyond the normal school day in a safe, educational environment. "
target: School-Age Notes
School-Age Notes is a publisher and vendor of resources for those that care for children. It publishes and sells resources in a variety of formats on different topics. It also publishes a newsletter for afterschool professionals.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/18/2020 via BNC Analysis

Interspace Co.,Ltd., will acquire Unite Project Inc.

synopsis: Interspace Co., Ltd., a Japanese company mainly engaged in advertisement and media businesses, will acquire Unite Project Inc., a Japanese company focused on cram schools. Unite Project operates Jukushiru, a comparison website for cram schools. The platform covers cram schools for students in elementary school to high school.
buyer: Interspace Co.,Ltd. (TSE:2122:$246.92)
Interspace is a Japanese company mainly engaged in advertisement and media businesses. Interspace's ACCESSTRADE is one of the largest affiliate service networks in Japan. ACCESSTRADE offers a network of over 500,000 affiliate partner sites. "
target: Unite Project Inc.
Unite Project Inc. is a Japanese company focused on cram schools. Unite Project operates Jukushiru, a comparison website that provides detailed information about cram schools all over Japan. The platform covers cram schools for students in elementary school to high school.
price ($mm)
rev ($mm)
$0
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 12/2/2010 via PR Newswire

Brown Publishing Network merged with Six Red Marbles,

synopsis: Six Red Marbles, an educational technology pioneer and Brown Publishing Network, a nationally recognized leader in full-service development of educational materials for pre-K through post-secondary, announced their merger.
buyer: Six Red Marbles
Six Red Marbles is an award-winning provider of educational solutions for the pre-K through higher-ed market. Founded in 1996, the company has developed hundreds of multi-media educational materials for leading publishers including McGraw-Hill, Houghton Mifflin Harcourt, and Pearson. "
target: Brown Publishing Network
Brown Publishing Network is a premier full-service developer to the educational publishing industry, specializing in all disciplines, pre-K through post-secondary, for the past twenty-seven years.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/29/2017 via BNC Analysis

NRCCUA, acquired Admittedly

synopsis: The National Research Center for College & University Admissions (NRCCUA), a leading provider of data and analytics solutions to public and private colleges and universities, announced that it has acquired Admittedly, a web and mobile platform education company that specializes in helping students plan their college searches on the go.
buyer: NRCCUA
National Research Center for College & University Admissions (NRCCUA) is the most trusted source for advancing higher education recruitment. They build educational bridges between college-bound high school students, high school educators and college admissions officers. "
target: Admittedly
Admitted.ly is the ultimate online college advisory tool for high school students, their parents, and guidance counselors. They collect over 500 data points per student and use that data to show students which schools they should be applying to.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/7/2021 via Yahoo, Inc.

Rethink Ed, will acquire Vizzle

synopsis: Rethink Ed, a division of Rethink First, announced that it has signed a definitive agreement to acquire Vizzle®, a K-12 web-based platform with ready-to-use lessons and activities that personalize to each student user while automatically collecting crucial student learning data.
buyer parent: K1 Investment Management
buyer: Rethink Ed
Rethink Ed was founded on a simple, yet powerful idea: To literally re-think education. Rethink Ed combines the power of technology and research to deliver innovative, scalable and evidence-based tools and resources to support the whole child. "
target: Vizzle
Vizzle® is a K-12 web-based platform with ready-to-use lessons and activities that personalize to each student user while automatically collecting crucial student learning data. Vizzle's library of visual and interactive learning resources gives educators access to a ready-to-use solution.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/28/2021 via PR Newswire

Verge Learning Inc., acquired XceptionalED

synopsis: Verge Learning Inc., a marketplace of special education tools and resources worldwide, has acquired XceptionalED, a professional development platform of online courses and conferences supporting disability-focused professionals, educators, advocates, and parents. XceptionalED will be integrated into Verge Learning's teletherapy platform.
buyer: Verge Learning Inc.
Verge Learning is a comprehensive marketplace of special education-focused technology and resources, including teletherapy, professional development, and student content management for therapists, clinics, and school districts. "
target: XceptionalED
XceptionalED is a professional development platform of online courses, conferences, and podcasts supporting disability-focused professionals, educators, advocates, and parents. XceptionalED offers high-quality, impactful, cost-effective online courses built on evidence-based foundations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/20/2021 via Company Press Release

A Pass Educational Group, LLC, acquired Victory Productions

synopsis: A Pass Educational Group, LLC (A Pass), a national leader in custom education content development, has acquired Victory Productions, another leading content development house for learning companies and organizations.
buyer: A Pass Educational Group, LLC
A Pass Educational Group, LLC works with educational publishers and other organizations to develop customized educational/training content. Their more than 2,000 contractors include writers, editors, subject matter experts, instructional designers, and artists. "
target: Victory Productions
Victory Productions was founded in 1995 by Victoria Porras. Victory creates integrated learning experiences, from designing and aligning curriculum to enhancing professional practice. Their combined expertise and close collaboration enable them to connect every phase of the learning continuum.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/29/2020 via GlobeNewswire

Arco Platform Limited, acquired Studos Software Ltda.

synopsis: Sao Paulo-based Arco has acquired Studos Software Ltda., a Brazilian technology provider for personalized student assessment, data-based academic performance diagnostics, and AI-powered adaptive learning and test prep. The acquisition is part of Arco's strategy to acquire technology companies that increase the value of its learning systems.
buyer: Arco Platform Limited (ARCE:$168.64)
Brazil-based Arco aims to transform the way students learn. The company's data-driven learning, interactive content, and scalable curriculum allows students to personalize their learning experience with high-quality solutions while enabling schools to provide a broader approach to education. "
target: Studos Software Ltda.
Studios is a Brazilian technology provider for personalized student assessment, data-based academic performance diagnostics, and AI-powered adaptive learning and test prep. Studios supplies K-12 schools with content and tools that enable teachers to create and grade online and offline assessments.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/2/2020 via PR Newswire

Squla, acquired scoyo

synopsis: Squla, a consumer education company in the Netherlands, has acquired Scoyo, an online learning platform for primary and secondary school students in Germany. Scoyo makes learning fun by providing content in a cartoon world. They offer e-learning content for German and English language learning, mathematics, biology, physics, chemistry, and art.
buyer parent: Levine Leichtman Capital Partners Inc.
buyer: Squla
Squla is the leading consumer education brand for parents and their children in the Netherlands. Squla provides interactive educational tools for primary school students. Squla is linked to the Dutch national curriculum and is designed to supplement a student’s education in a fun and adaptive way. "
target: scoyo
Scoyo is an online learning platform for primary and secondary school students in Germany. Scoyo makes learning fun by providing content in a playful cartoon world. Their platform offers e-learning content for German and English language learning, mathematics, biology, physics, chemistry, and art.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/27/2020 via BusinessWire

Edgenuity, Inc., acquired Purpose Prep

synopsis: Weld North Education announced it has acquired Purpose Prep, a leading technology-based online course provider focused on Social and Emotional Learning (SEL). Purpose Prep will become part of Edgenuity, a leading provider of online curriculum and instructional services for the K-12 market.
buyer parent: SilverLake
buyer: Edgenuity, Inc.
Edgenuity is a leading provider of online curriculum and instructional services for the K-12 market. Nationwide, Edgenuity is in use by more than 20,000 schools, including 20 of the 25 largest school districts, to meet academic goals and improve student outcomes. "
target: Purpose Prep
Purpose Prep is a leading technology-based online course provider focused on Social and Emotional Learning. The Purpose Prep curriculum focuses on personal, character, and leadership development as well as the development of healthy social and emotional skills and readiness for life beyond school.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/21/2020 via BusinessWire

Boxlight, acquired Robo

synopsis: Boxlight Corporation, a provider of interactive technology solutions for the global education market, has acquired Robo 3D, a leading 3D printer brand, and MyStemKits, the largest online collection of K-12 STEM curriculum for 3D printing. The acquisition supports Boxlight's expansion of solutions for K-12 classrooms and its focus on STEM education.
buyer: Boxlight (BOXL:$39.70)
Boxlight is a leading provider of technology solutions for the global education market. The company develops, sells, and services its integrated, interactive solution suite of software, classroom technologies, professional development, and support services. "
target: Robo (ASX:RBO:$4.43)
Robo is a leading brand of 3D printers, empowering 3D creation with its growing line of products in hardware, materials, and content. MyStemKits develops K-12 curriculum for standards-driven instruction and 3D-printable manipulatives to create an end-to-end STEM solution.
price ($mm)
$0.60
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/8/2020 via BusinessWire

Edgenuity, Inc., acquired LearnZillion

synopsis: Weld North Education has acquired LearnZillion, a leading provider of K-12 high-quality digital-first core curriculum. LearnZillion will become part of Edgenuity, a leading provider of online curriculum and instructional services for the K-12 market.
buyer parent: SilverLake
buyer: Edgenuity, Inc.
Edgenuity is a leading provider of online curriculum and instructional services for the K-12 market. Nationwide, Edgenuity is in use by more than 20,000 schools, including 20 of the 25 largest school districts, to meet academic goals and improve student outcomes. "
target: LearnZillion
LearnZillion curates and publishes the highest-quality core instructional materials, supported by exceptional professional development. LearnZillion is committed to helping educators plan and deliver powerful, lasting learning experiences.
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

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Matching Companies
Ticker: TSE:6049
 
 
 
 
 
 
 
 
ItoKuro Inc.
ItoKuro Inc.
Founded in 2006, ItoKuro is a Japanese company that operates comparison websites for cram schools and preparatory schools. Their websites covers schools for elementary school to high school students. The company also offers marketing services to the education industry.
year
2014
rev ($mm)
$26.36
EBITDA ($mm)
EBIT ($mm)
$5.90
Net Income ($mm)
$3.82
Employees
89
  • drill down
  • watch
Ticker: TSE:6049
 
 
 
 
 
 
 
 
ItoKuro Inc.
ItoKuro Inc.
Founded in 2006, ItoKuro is a Japanese company that operates comparison websites for cram schools and preparatory schools. Their websites covers schools for elementary school to high school students. The company also offers marketing services to the education industry.
year
2014
rev ($mm)
$26.36
EBITDA ($mm)
EBIT ($mm)
$5.90
Net Income ($mm)
$3.82
Employees
89
  • drill down
  • watch
Ticker: SCHL
 
 
 
 
 
 
 
 
Scholastic Inc.
Scholastic Inc.
Scholastic is the world’s largest publisher and distributor of children’s books, a leading provider of print and digital instructional materials for pre-K to grade 12, and a producer of educational and entertaining children’s media.
year
2019
rev ($mm)
$1,679.40
EBITDA ($mm)
$114.90
EBIT ($mm)
$75.50
Net Income ($mm)
$48.50
Employees
9000
  • drill down
  • watch
Ticker: LRN
 
 
 
 
 
 
 
 
K12, Inc.
K12, Inc.
K12 Inc., a technology-based education company, is America’s largest provider of proprietary curriculum and online education programs for students in kindergarten through high school.
year
2020
rev ($mm)
$1,154.60
EBITDA ($mm)
$93.43
EBIT ($mm)
$65.11
Net Income ($mm)
$46.90
Employees
4950
  • drill down
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Ticker: OTCPK:SCOO
 
 
 
 
 
 
 
 
School Specialty, Inc.
School Specialty, Inc.
School Specialty is a leading distributor of innovative and proprietary products, programs and services to the education marketplace. The Company designs, develops, and provides educators with the latest and very best school supplies, furniture and both curriculum & supplemental learning resources.
year
2017
rev ($mm)
$674.03
EBITDA ($mm)
$44.45
EBIT ($mm)
$32.04
Net Income ($mm)
$12.41
Employees
1156
  • drill down
  • watch
Ticker: KLSE:SASBADI
 
 
 
 
 
 
 
 
Sasbadi Holdings Berhad
Sasbadi Holdings Berhad
Sasbadi is a publisher of books and educational aids for the school-going children of Malaysia. Sasbadi is an essential guide for students and teachers in elite smart schools in the cities, as well as simple schools in the kampungs.
year
2018
rev ($mm)
$23.20
EBITDA ($mm)
$4.40
EBIT ($mm)
$3.38
Net Income ($mm)
$1.98
Employees
  • drill down
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Ticker: HMHC
 
 
 
 
 
 
 
 
Houghton Mifflin Harcourt
Houghton Mifflin Harcourt
As a global leader in K–12 education, Houghton Mifflin Harcourt (HMH) provides comprehensive learning solutions to help all students achieve their maximum potential. HMH also delights readers throughout the world with award-winning children's books, novels, non-fiction, and reference titles.
year
2018
rev ($mm)
$1,387.60
EBITDA ($mm)
$78.43
EBIT ($mm)
($66.11)
Net Income ($mm)
Employees
3800
  • drill down
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Ticker: BSE:540497
 
 
 
 
 
 
 
 
S Chand Group
S. Chand is the leading publisher of education content and digital solutions in India with an established brand selling over 24 million books. They specialize in Children Books, School Books K-12, Higher Academics Books, Engineering, Professional & Technical Books and more.
year
2018
rev ($mm)
$113.05
EBITDA ($mm)
$26.14
EBIT ($mm)
$22.85
Net Income ($mm)
$13.47
Employees
2389
  • drill down
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Ticker: PCSV
 
 
 
 
 
 
 
 
PCS Edventures, Inc.
PCS Edventures, Inc.
PCS Edventures!.com, Inc. is a developer of STEM – science, technology, engineering and mathematics – education products for preschool through college students.
year
2013
rev ($mm)
$2.94
EBITDA ($mm)
($0.42)
EBIT ($mm)
($0.44)
Net Income ($mm)
Employees
19
  • drill down
  • watch
Ticker: NYSE:SPGI
 
 
 
 
 
 
 
 
S&P Global
S&P Global
S&P Global is a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. The Company’s divisions include S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices and S&P Global Platts.
year
2019
rev ($mm)
$6,501.00
EBITDA ($mm)
$3,256.00
EBIT ($mm)
$3,048.00
Net Income ($mm)
$2,093.00
Employees
21200
  • drill down
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Ticker: NYSE:JW.A
 
 
 
 
 
 
 
 
Wiley
Wiley
Wiley is a global provider of knowledge and knowledge-enabled services that improve outcomes in areas of research, professional practice and education. Wiley provides digital and print scientific, technical, medical, and scholarly journals, reference works, books, database services, and advertising.
year
2020
rev ($mm)
$1,864.09
EBITDA ($mm)
$311.04
EBIT ($mm)
$214.32
Net Income ($mm)
Employees
6900
  • drill down
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Ticker: LSE:BMY
 
 
 
 
 
 
 
 
Bloomsbury Publishing Plc
Bloomsbury Publishing Plc
Bloomsbury Publishing Plc is an independent publisher with offices in London, New York, New Delhi and Sydney. Bloomsbury has built a reputation for publishing works of excellence and originality. Bloomsbury has a valuable portfolio of content and rights based intellectual property assets.
year
2021
rev ($mm)
$261.90
EBITDA ($mm)
$28.60
EBIT ($mm)
$25.38
Net Income ($mm)
$19.38
Employees
722
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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
  • drill down
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Ticker: ENXTAM:BRILL
 
 
 
 
 
 
 
 
Brill
Brill
Founded in 1683, Brill is a publishing house with a rich history and a strong international focus. Brill’s publications focus on the Humanities and Social Sciences, International Law and selected areas in the Sciences.
year
2017
rev ($mm)
$39.83
EBITDA ($mm)
$5.32
EBIT ($mm)
$4.41
Net Income ($mm)
$2.92
Employees
133
  • drill down
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Ticker: TSE:9470
 
 
 
 
 
 
 
 
Gakken Co. Ltd.
Gakken Co. Ltd.
The Gakken Group is involved in the daily lives of people on many different levels through its broad scope of business activities. Gakken carries out wide-ranging publishing activities, provides various classrooms and preparatory schools, and other preschool- and school-related activities.
year
2015
rev ($mm)
$750.72
EBITDA ($mm)
$20.94
EBIT ($mm)
$8.16
Net Income ($mm)
Employees
3035
  • drill down
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Ticker: KROT3
 
 
 
 
 
 
 
 
Kroton Educacional S.A.
Kroton Educacional S.A.
Kroton is one of the largest private educational organizations in Brazil and worldwide, operating in the primary and secondary education segment for over 45 years and in the postsecondary education segment for more than 10 years.
year
2018
rev ($mm)
$1,443.80
EBITDA ($mm)
$484.88
EBIT ($mm)
$404.34
Net Income ($mm)
$463.09
Employees
15000
  • drill down
  • watch