Like Study Group International Ltd.

announced 2/21/2019 via Company Press Release

Ardian, will acquire Study Group International Ltd.

synopsis: Ardian, France's world-leading private investment house, announced it has reached an agreement to acquire a majority stake in Study Group, the leading provider of international education based in the UK, from Providence Equity Partners, a premier global asset management firm.
buyer: Ardian
Headquartered in France, Ardian is a world-leading private investment house with assets of $90bn managed or advised in Europe, the Americas and Asia. Ardian focuses on delivering excellent investment performance to its global investor base. "
target parent: Providence Equity Partners Inc.
target: Study Group International Ltd.
Study Group is a leading provider of international education. With 48 university partners around the world, it enables students to succeed at any degree level, by helping them develop the necessary study and language skills to which they may not have had access in their local education systems.
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closed 12/5/2019 via BNC Analysis

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

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

Emerson College, will acquire Marlboro College

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

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

synopsis: Henderson State University, a public university with a strong liberal arts heritage, will be merged with the Arkansas State University System, an organization that serves 22,238 students on campuses in Arkansas and Queretaro, Mexico, and globally online with a total operating budget of $285 million.
buyer: Arkansas State University System
The Arkansas State University System, based in Little Rock, serves 23,310 students in Arkansas and Queretaro, Mexico. The ASU System includes ASU, with an instructional site in Paragould and degree centers in Beebe, Mountain Home, Blytheville, Forrest City, and West Memphis. "
target: Henderson State University
Founded as a private institution in 1890, Henderson State University has a strong liberal arts heritage that is the base of more than 65 undergraduate and graduate programs, earning the university its status as Arkansas’s public liberal arts university.
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announced 10/24/2019 via BNC Analysis

Swindon College will be merged with New College Swindon,

synopsis: Swindon College, a further education college offering courses primarily in work related areas, is to merge with New College Swindon, another further and higher education institution. Both colleges are located in Swindon, UK.
buyer: New College Swindon
New College Swindon is a further and higher education institution, founded in 1983 and located in Swindon, England. New College is one of the largest institutions of its type in the country, with around 3,300 16–18-year olds and 2,500 over–19s enrolled in December 2014. "
target: Swindon College
Swindon College is a further education college operating mainly from one site near the town centre. The college offers courses primarily in work related areas and has industry standard facilities in a number of these, including hospitality, construction and engineering.
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announced 10/23/2019 via BNC Analysis

Athlone Institute of Technology will be merged with Limerick College Of Technology,

synopsis: Ireland-based Athlone Institute of Technology and Limerick Institute of Technology will merge. Athlone Institute of Technology (AIT) offers a wide variety of programmes at undergraduate and postgraduate level. Limerick Institute of Technology (LIT), twice named ‘Sunday Times University Guide’ Institute of the Year. has five campuses in Ireland.
buyer: Limerick College Of Technology
Limerick Institute of Technology (LIT), twice named ‘Sunday Times University Guide’ Institute of the Year, is home to over 6,500 students across five vibrant campuses in Limerick City, Thurles, Clonmel and Ennis in Ireland. "
target: Athlone Institute of Technology
An educational powerhouse defined by a commitment to academic excellence, Athlone Institute of Technology (AIT) has enjoyed considerable successes in the academic arena. AIT offers a wide variety of programmes at undergraduate and postgraduate level, delivered on a full-time and part-time basis.
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announced 10/23/2019 via BusinessWire

YDUQS, will acquire Adtalem Educacional do Brasil

synopsis: Adtalem Global Education, a leading workforce solutions provider, announced it has signed an agreement to sell its Brazilian portfolio, Adtalem Educacional do Brasil, a global education provider, to YDUQS, the second largest education company in Brazil.
buyer: YDUQS
YDUQS is Brazil's second largest private higher education organization. YDUQS offers graduate, masters, technical courses, and other related programs. YDUQS serves over 570 thousand students through their 10 university centers and 37 higher education schools. "
target parent: Adtalem Global Education Inc.
target: Adtalem Educacional do Brasil
Adtalem Educacional do Brasil is a global education provider. The organization's purpose is to empower students to achieve their goals, find success and make inspiring contributions to our global community. Adtalem Educacional do Brasil currently operates 13 educational institutions nationwide.
price ($mm)
$472
rev ($mm)
$215
EBITDA ($mm)
$47
EV / rev
2.2x
EV / EBITDA
10.1x
announced 9/18/2019 via BNC Analysis

Starcrest Education The Belt & Road Limited, will acquire The London School of Science and Technology Limited

synopsis: Starcrest Education The Belt & Road Limited, the international developer and operator of education services in Europe, has signed a non-legally binding heads of terms to acquire 60% of The London School of Science and Technology Limited, a private management school that offers an open and inclusive education experience in London and the midlands.
buyer: Starcrest Education The Belt & Road Limited (LSE:OBOR:$0.00)
Starcrest Education The Belt & Road Limited is an international developer and operator of education services in Europe. The newly formed entity has been established to seek relevant acquisitions in the international education sector. "
target: The London School of Science and Technology Limited
London School of Science & Technology is a private management School and it was founded in 2003. They are proud to offer an open and inclusive education experience, which is free from barriers to learning, to learners of all levels and backgrounds, with about 2,500 students currently studying.
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announced 9/13/2019 via BNC Analysis

YDUQS, will acquire UniToledo

synopsis: YDUQS, Brazil's second largest private higher education organization, will acquire UniToledo, a Brazilian college. UniToledo provides higher education services to over 5,300 students in Araçatuba, Brazil. UniToledo offers undergraduate and postgraduate courses for architecture, engineering, business, education, hospitality, and more.
buyer: YDUQS
YDUQS is Brazil's second largest private higher education organization. YDUQS offers graduate, masters, technical courses, and other related programs. YDUQS serves over 570 thousand students through their 10 university centers and 37 higher education schools. "
target: UniToledo
UniToledo is a Brazilian college. UniToledo provides higher education services to over 5,300 students in Araçatuba, Brazil. UniToledo offers undergraduate and postgraduate courses for architecture, engineering, business, education, hospitality, and more.
price ($mm)
$29
rev ($mm)
$11
EBITDA ($mm)
$3
EV / rev
2.8x
EV / EBITDA
9.6x
announced 9/4/2019 via Company Press Release

Cruzeiro do Sul Educacional S.A., will acquire Brazcubas Educação

synopsis: The fifth largest educational group in Brazil, Cruzeiro do Sul Educacional, will purchase Brazcubas. Created 79 years ago, Brazcubas is an important education center located in Greater São Paulo, promoting excellence in teaching with 23 in-person and 28 distance-learning undergraduate courses, as well as over 150 postgraduate courses.
buyer: Cruzeiro do Sul Educacional S.A.
Cruzeiro do Sul Educacional, established by professors in 1965, in São Paulo, is a Brazilian post-secundary player with strong presence in a high-growth segment, being one of the most diversified and efficient players in Brazil, with extensive market knowledge and strategically located facilities. "
target: Brazcubas Educação
Created 79 years ago, Brazcubas is an important education center located in Greater São Paulo, promoting excellence in teaching with 23 in-person and 28 distance-learning undergraduate courses, as well as over 150 postgraduate courses.
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closed 8/7/2019 via BNC Analysis

University of the Highlands and Islands, acquired Centre for Health Science

synopsis: The University of the Highlands and Islands, an educational institution that provides local access to learning and research relevant to their needs and to those of local employers, has acquired Centre for Health Science, an education institution that offers research, education, training, patient care, and business development in healthcare.
buyer: University of the Highlands and Islands
Based in the UK, University of Highlands and Islands (UHI) provides access to university education through a distinctive educational partnership of colleges and research institutions. UHI provides local access to learning and research relevant to their needs and to those of local employers. "
target parent: Highlands and Islands Enterprise
target: Centre for Health Science
Based in the UK, Centre for Health Science is an education institution that offers research, education, training, patient care, and business development in diabetes and cardiovascular science, proteomics, lipidomics, genetics, and immunology.
price ($mm)
$12
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closed 8/7/2019 via BNC Analysis

Anima Educacao, acquired ReAGES

synopsis: Anima Educacao, one of Brazil’s largest private higher education organizations, has acquired ReAGES, a higher education network in Brazil. ReAGES aims to promote the development of the region and to improve the quality of life through education. ReAGES provides education to 5.6 thousand students at 6 facilities throughout Brazil.
buyer: Anima Educacao (BOVESPA:ANIM3:$280.27)
Anima Educacao is one of Brazil’s largest private higher education organizations, both in terms of revenue and the number of enrolled students. It has at least 79,000 students enrolled in classroom courses at 18 campuses located in the states of Minas Gerais and São Paulo. "
target: ReAGES
ReAGES is one of the most important higher education networks in Brazil. ReAGES aims to promote the development of the region and to improve the quality of life through education. ReAGES provides education to 5.6 thousand students at 6 facilities throughout Brazil.
price ($mm)
$39
rev ($mm)
$15
EBITDA ($mm)
$2
EV / rev
3.6x
EV / EBITDA
21.7x
closed 7/24/2019 via BNC Analysis

China YuHua Education Corporation Limited, acquired Shandong Yingcai University

synopsis: YuHua Education, an operator of private schools in China, has acquired a 90% stake in Shandong Yingcai University, one of the largest private universities in China. Shandong Yingcai University provides education to 40,000 students from over 200 cities. They offer 30 undergraduate and 40 diploma courses.
buyer: China YuHua Education Corporation Limited (SEHK:6169:$214.86)
China YuHua Education Corporation Limited has been operating private schools in Henan province of China for over 15 years and is one of the leading private school operators in central China in terms of student enrollment. "
target: Shandong Yingcai University
Shandong Yingcai University is one of the largest private universities in China. Shandong Yingcai University provides education to 40,000 students from over 200 cities. They offer 30 undergraduate and 40 diploma courses, including early childhood education, nursing, computer sciences, and more.
price ($mm)
$217*
rev ($mm)
$67
EBITDA ($mm)
EV / rev
3.6x
EV / EBITDA
closed 7/17/2019 via BNC Analysis

BG Investments Ltd, acquired Asia Pacific Institute of Information Technology Lanka (Private) Limited

synopsis: BG Investments, a Sri Lankan-based investor, has acquired the Asia Pacific Institute of Information Technology Lanka (APIIT Sri Lanka) from Ekuinas, a Malaysian private equity firm. APIIT Sri Lanka is a leading private higher education institute in Sri Lanka. APIIT Sri Lanka offers degree programmes in Computing, Business Management and Law.
buyer: BG Investments Ltd
BG Investments is a Sri Lankan-based investor with exposure in industries such as financial services, marine, education, and healthcare. "
target parent: Ekuiti Nasional Bhd
target: Asia Pacific Institute of Information Technology Lanka (Private) Limited
Asia Pacific Institute of Information Technology Lanka (APIIT Sri Lanka) is a leading private higher education institute in Sri Lanka. APIIT Sri Lanka offers Staffordshire University degree programmes in Computing, Business Management and Law.
price ($mm)
$9.97
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closed 7/3/2019 via BNC Analysis

Cumberland County College merged with Rowan College at Gloucester County,

synopsis: Rowan College at Gloucester County and Cumberland County College formally joined forces, creating the first such community college in New Jersey. The new entity will be called Rowan College of South Jersey. The colleges will maintain their campuses in Sewell and Vineland.
buyer: Rowan College at Gloucester County
Rowan College at Gloucester County, formerly Gloucester County College, is an accredited public community college located in Sewell, NJ. They were founded in 1966. "
target: Cumberland County College
Cumberland County College is a community college in Vineland, Cumberland County, New Jersey, United States. The college enrolls approximately 4,000 students and offers 87 programs leading to Associate in Arts, Associate in Fine Arts, Associate in Science, and Associate in Applied Science degrees.
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announced 4/17/2019 via BNC Analysis

CI Capital Holding S.A.E., will acquire Taleem Educational Services and Consultations

synopsis: CI Capital Holding announced it has signed a contract to acquire an indirect stake of 60% stake in Taleem Educational Services and Consultations (TESC). TESC is an investment joint venture owned by a number of global investment institutions and international funds that operates Nahda University in Beni Suif, Egypt that has over 5,200 students.
buyer: CI Capital Holding S.A.E. (CASE:CICH:$95.24)
CI Capital is a diversified financial services group and Egypt’s leading provider of leasing, microfinance, and investment banking products and services. CI Capital leverages its full-fledged investment banking platform to provide market leading capital raising and M&A advisory. "
target: Taleem Educational Services and Consultations
Taleem Educational Services and Consultations (TESC) is an investment joint venture owned by a number of global investment institutions and international funds that operates Nahda University in Beni Suif, Egypt that has over 5,200 students.
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closed 3/27/2019 via BNC Analysis

Vietravel, acquired Kent International College

synopsis: Vietravel, a leading tourism company in Vietnam, has acquired a 66% stake in Kent International College (KIC), a leading college in Vietnam that provides practical, academic-focused education. KIC offers a series of majors, including business administration, marketing management, human resource management, IT, fashion design, and more.
buyer: Vietravel
Vietravel is a leading tourism company in Vietnam. Vietravel provides professional and advanced tour packages. They offer packages for domestic locations such as Ha Noi, Ha Long, and Lao Cai. The company also offer Vietnamese travellers exciting and unique tours to Thailand, Korea, Brazil, and more."
target: Kent International College
Kent International College (KIC) is a leading college in Vietnam that provides practical, academic-focused education. KIC offers a series of majors, including business administration, marketing management, human resource management, information technology, fashion design, and more.
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announced 3/27/2019 via BNC Analysis

Universidad Internacional de la Rioja (UNIR), will acquire Marconi International University, Inc.

synopsis: UNIR, will acquire 100% of the Marconi International University in Florida, United States. UNIR owned 15% of the shares of this company and an agreement has been signed to acquire the remaining 85%. Marconi International University-MIU is a US university based in Miami that offers official undergraduate and graduate degrees.
buyer: Universidad Internacional de la Rioja (UNIR) (BME:PRO:$124.27)
Founded in 2007 and based in La Rioja, Spain, UNIR (Proeduca Group) is the leading online university for the Spanish language in the world. UNIR caters for more than 32,000 students. UNIR has a presence in Spain and in Argentina, Bolivia, Colombia, Ecuador, Mexico and Peru. "
target: Marconi International University, Inc.
Marconi International University-MIU is a US university based in Miami that offers official undergraduate and graduate degrees, both in-person and online. Among the degrees offered are the degrees in Business Administration, Computer Engineering and Master's degrees such as MBA.
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closed 3/20/2019 via Company Press Release

RareJob Inc., acquired Geos Language Centre Singapore

synopsis: RareJob, the top online English school in Japan, acquired all shares of Geos Language Center. GEOS Language Centre, located in Singapore, is a school that provides English language classes to the public. Their classes are designed to cater to all kinds of students, including tourists, kids and businessmen.
buyer: RareJob Inc. (TSE:6096:$30.81)
RareJob is the top online English school in Japan. In almost a decade, they have provided over 10,000,000 lessons and have helped over 10,000 Filipino tutors. They aim to provide the best learning experience to students and the most ideal working environment for tutors. "
target parent: GEOS
target: Geos Language Centre Singapore
GEOS Language Centre, located in Singapore, is a school that provides English language classes to the public. Their classes are designed to cater to all kinds of students, including tourists, kids and businessmen.
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closed 3/14/2019 via BNC Analysis

American InterContinental University, acquired Trident University International LLC

synopsis: American InterContinental University (AIU), a for-profit university that offers online and on-campus education, has acquired Trident University International (TUI) from Summit Partners, a global alternative investment firm. TUI is an online university offering regionally accredited degrees at the doctoral, masters, bachelors, and associates levels.
buyer parent: Career Education Corporation
buyer: American InterContinental University
Founded in 1970, American InterContinental University (AIU) is a for-profit university that offers online and on-campus education. AIU provides over 45 Associate, Bachelor’s, and Master’s degree programs and specializations that students can choose from. "
target parent: Summit Partners
target: Trident University International LLC
Trident University International (TUI) is an online university offering regionally accredited degrees at the doctoral, masters, bachelors, and associates levels. TUI provides an exceptional online educational experience for adult learners and members of the military family.
price ($mm)
$37
rev ($mm)
$46
EBITDA ($mm)
$9
EV / rev
0.8x
EV / EBITDA
4.1x
announced 2/21/2019 via Company Press Release

Ardian, will acquire Study Group International Ltd.

synopsis: Ardian, France's world-leading private investment house, announced it has reached an agreement to acquire a majority stake in Study Group, the leading provider of international education based in the UK, from Providence Equity Partners, a premier global asset management firm.
buyer: Ardian
Headquartered in France, Ardian is a world-leading private investment house with assets of $90bn managed or advised in Europe, the Americas and Asia. Ardian focuses on delivering excellent investment performance to its global investor base. "
target parent: Providence Equity Partners Inc.
target: Study Group International Ltd.
Study Group is a leading provider of international education. With 48 university partners around the world, it enables students to succeed at any degree level, by helping them develop the necessary study and language skills to which they may not have had access in their local education systems.
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announced 11/28/2018 via BNC Analysis

EC English Language Centres, will acquire Embassy English

synopsis: EC English Language Centres, a chain of English learning schools based in Malta, will acquire Embassy English from Study Group, a global education company. Embassy English is one of the World's leading English language schools. Embassy English teaches thousands of students from over 160 countries to speak, write and live English.
buyer: EC English Language Centres
EC English Language Centres (EC) is a chain of English learning schools based in Malta. EC has over 20 schools in 5 different countries. They help over 40,000 students from over 120 countries to learn and improve their English language skills. "
target parent: Providence Equity Partners Inc.
target: Embassy English
Embassy English is one of the World's leading English language schools. Embassy English teaches thousands of students from over 160 countries to speak, write and live English in their 15 study centres throughout Europe, North America, Australia, and New Zealand.
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closed 3/19/2015 via AP - Associated Press

Study Group International Ltd., acquired Endeavour College of Natural Health

synopsis: Study Group International Ltd. announced its acquisition of Endeavour College of Natural Health, one of Australia's leading providers of higher education and vocational training in the health and wellness sector. They offer courses in Acupuncture, Naturopathy, Nutritional Medicine, Musculoskeletal Therapy, Homeopathy and Herbal Medicine.
buyer parent: Providence Equity Partners Inc.
buyer: Study Group International Ltd.
Study Group International Ltd. prepares students for life in a global society and success in a global economy. It is a leading international provider of higher education courses, career education and English language programmes. "
target parent: Vocation Limited
target: Endeavour College of Natural Health
Endeavour College of Natural Health is Australia's leading dual sector natural health education provider, offering nationally recognised and accredited Vocational (VET) and Higher Education courses from Certificate level through to Undergraduate programs.
price ($mm)
$50
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closed 7/1/2010 via Reuters

Providence Equity Partners Inc., acquired Study Group International Ltd.

synopsis: U.S. private equity firm Providence Equity Partners has acquired university programme provider Study Group from Australia's CHAMP Private Equity.
buyer: Providence Equity Partners Inc.
Providence Equity Partners is the leading global private equity firm specializing in equity investments in media, entertainment, communications and information companies around the world. The principals of Providence manage funds with over $22 billion in equity commitments. "
target parent: Champ Private Equity
target: Study Group International Ltd.
Study Group helps over 35,000 international students fulfil their ambitions every year. We are global leaders in international education and training, providing a complete range of educational opportunities for students from over 120 countries.
price ($mm)
$553
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closed 9/11/2006 via

Champs Private Equity, acquired Study Group International Ltd.

synopsis: Newspaper publisher Daily Mail & General Trust has agreed to sell its English language and academic courses business, Study Group International, for about 72 million pounds. The firm is selling the unit to funds advised by Australia's Champ Private Equity and Petersen Investments.
buyer parent: Castle Harlan Inc.
buyer: Champs Private Equity
Champ Private Equity is a joint venture between Castle Harlan Inc. and Australian Mezzanine Investments Pty Ltd. "
target parent: Daily Mail and General Trust plc
target: Study Group International Ltd.
Study Group helps over 35,000 international students fulfil their ambitions every year. We are global leaders in international education and training, providing a complete range of educational opportunities for students from over 120 countries.
price ($mm)
$141
rev ($mm)
$179
EBITDA ($mm)
EV / rev
0.8x
EV / EBITDA
announced 12/5/2019 via GlobeNewswire

TELUS International, will acquire Competence Call Center Group (CCC)

synopsis: TELUS Corporation, through TELUS International, a customer experience innovator that designs, builds and delivers next-generation digital solutions for global brands, has agreed to acquire Competence Call Center (CCC), a leading provider of higher-value-added business services with a focus on customer relationship management and content moderation.
buyer parent: TELUS Corporation
buyer: TELUS International
Based in Canada, TELUS International is a leading global business process and IT services company. TELUS International enables customer experience innovation through spirited teamwork, agile thinking, and a caring culture that puts customers first. The company serves clients in over 35 languages. "
target parent: Ardian
target: Competence Call Center Group (CCC)
Competence Call Center Group (CCC) is one of the leading BPO service providers in Europe. Founded in Austria in 1998, CCC is today headquartered in Berlin. and offers high-quality BPO solutions in 28 languages and serves more than 80 customers in Europe.
price ($mm)
$1,008
rev ($mm)
$340
EBITDA ($mm)
EV / rev
3.0x
EV / EBITDA
closed 7/30/2019 via GlobeNewswire

Dedalus France, acquired Web100T

synopsis: Dedalus France (formerly Medasys), a major publisher of medical software, has acquired Web100T, a company that designs and distributes software packages for the health industry, hospitals and clinics for medical records and the regulation of stays, operating rooms and beds. Both companies are based in France.
buyer parent: Ardian
buyer: Dedalus France (ENXTPA:MED:$38.05)
Dedalus France (formerly Medasys) is a major publisher of software solutions in the areas of patient records, care production, biology, pathology, genetics and medical imaging, enabling healthcare institutions public and private to optimize and make reliable medical processes more efficient. "
target: Web100T
Web100T has been designing and distributing software packages for the health industry, hospitals and clinics for medical records and the regulation of stays, operating rooms and beds since 2003. They are based in France.
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announced 2/21/2019 via Company Press Release

Ardian, will acquire Study Group International Ltd.

synopsis: Ardian, France's world-leading private investment house, announced it has reached an agreement to acquire a majority stake in Study Group, the leading provider of international education based in the UK, from Providence Equity Partners, a premier global asset management firm.
buyer: Ardian
Headquartered in France, Ardian is a world-leading private investment house with assets of $90bn managed or advised in Europe, the Americas and Asia. Ardian focuses on delivering excellent investment performance to its global investor base. "
target parent: Providence Equity Partners Inc.
target: Study Group International Ltd.
Study Group is a leading provider of international education. With 48 university partners around the world, it enables students to succeed at any degree level, by helping them develop the necessary study and language skills to which they may not have had access in their local education systems.
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closed 1/9/2018 via PE Hub

Corsair Capital, acquired RGI S.P.A.

synopsis: Ardian has sold RGI to Corsair Capital. RGI, of Milan, provides software products and technology services to the insurance industry. RGI is a provider of core systems to the insurance market, providing a comprehensive offering which addresses core insurance processes including policy administration, and market management.
buyer: Corsair Capital
Corsair Capital is one of the longest-standing private equity firms focused on investing in the financial services industry. Launched in 1992 in the aftermath of the U.S. savings and loan crisis, Corsair was the first fund of its size to invest in the financial services industry. "
target parent: Ardian
target: RGI S.P.A.
RGI, of Milan, provides software products and technology services to the insurance industry. RGI is a provider of core systems to the insurance market, providing a comprehensive offering which addresses core insurance processes including policy administration, and market management.
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announced 11/29/2017 via Company Press Release

Ardian, will acquire Competence Call Center Group (CCC)

synopsis: Ardian, the independent private investment company, has signed an agreement to acquire Competence Call Center Group (CCC), one of the leading BPO service providers in Europe.
buyer: Ardian
Ardian is a private investment house with assets of US$66bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. "
target parent: Silverfleet Capital
target: Competence Call Center Group (CCC)
Competence Call Center Group (CCC) is one of the leading BPO service providers in Europe. Founded in Austria in 1998, CCC is today headquartered in Berlin. and offers high-quality BPO solutions in 28 languages and serves more than 80 customers in Europe.
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closed 7/28/2017 via GlobeNewswire

Medasys, acquired Netika SAS

synopsis: Medasys, a company that offers software solutions to the Patient Records, care provision, Biology and Medical Imaging departments of private and public sector healthcare institutions, has acquired Netika, a company that specializes in software for quality assurance and management of laboratory information systems.
buyer parent: Ardian
buyer: Medasys (ENXTPA:MED:$38.05)
Medasys has been supporting the performance, quality and innovation of private and public healthcare institutions for almost 30 years, providing them with proven solutions in the Patient Records, care provision, Biology and Medical Imaging departments. "
target: Netika SAS
Netika is a French IT services provider, based in Strasbourg, dedicated to the medical sector since 2000. With more than 2,200 health institutions that trust it, Netika is a key player for medical laboratories, but is opening to new medical domains such as medical imaging and radiotherapy.
price ($mm)
$11
rev ($mm)
$7
EBITDA ($mm)
$1
EV / rev
1.6x
EV / EBITDA
9.8x
closed 6/16/2017 via Company Press Release

Gantner Technologies, acquired Syx Automations BVBA

synopsis: GANTNER Electronic Austria Holding GmbH, a high-tech company specializing in electronic access control and staff time recording systems, announced its acquisition of Syx Automations NV of Belgium, a market leader in the field of ticketing and leisure facility management software solutions in the Benelux countries.
buyer parent: Ardian
buyer: Gantner Technologies
Founded in 1982 and headquartered in Schruns, Austria, Gantner is a leading international manufacturer of contactless RFID and NFC access control and staff time recording systems facilitating automatic identification. "
target parent: Sofindev Management NV
target: Syx Automations BVBA
Syx Automations, with headquarters in Ypres (Belgium) and offices in Houten (Netherlands), London (UK) and Ahmedabad (India), has been providing ticketing and leisure management solutions for the arts and cultural sector, visitor attractions and leisure industry customers for 30 years.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/12/2017 via PE Hub

Forterro Inc., acquired Clip Industrie

synopsis: Forterro, a group of software companies that deliver strong operational ERP functionality to specialized geographical or vertical markets, has acquired Clip Industrie, a provider of computer-aided production management software for industrial small to medium-sized businesses.
buyer parent: Battery Ventures
buyer: Forterro Inc.
Forterro is a group of software companies that deliver strong operational ERP functionality to specialized geographical or vertical markets. The Forterro portfolio of ERP software solutions serves more than 3,000 customers around the world. "
target parent: Ardian
target: Clip Industrie
Clip Industrie is a leading publisher and integrator of computer-aided production management (CAPM) software for industrial SMEs. Its two vertical ERP software packages, Clipper and Helios, meet the needs of industrial companies in the aeronautics, automotive, medical, rail and watch making sectors.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/29/2016 via Company Press Release

RGI S.P.A., will acquire Kapia Solutions

synopsis: RGI, the EMEA leader in the provision of software products and technological services specifically for the insurance sector, is set to strengthen its position in the IT Insurance French market, and agreed to acquire the 100% of Kapia, a French Software Vendor leader in Life, Pension & Wealth Management.
buyer parent: Ardian
buyer: RGI S.P.A.
RGI Group is one of the most dynamic information and communications technology (ICT) companies in Italy, with a proven leadership position in the provision of software, consulting and outsourcing services specifically for the insurance industry. "
target: Kapia Solutions
Kapia Solutions provides knowledge asset solutions for professional insurance applications. It offers consulting and engineering tailor made solutions that include Kapia Enhanced Life Insurance Simulation, an insurance simulation solution that simulates, compares, analyzes, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/13/2016 via PE Hub

Ardian, GHO Capital, acquired Envision Pharma, Inc.

synopsis: Leading middle-market private equity firm, The Halifax Group, announced that it has sold Envision Pharma Group to Ardian and GHO Capital. Envision is a recognized strategic partner for Medical Affairs teams within biopharma, providing scientific data communication services and industry-leading technology solutions.
buyer: Ardian
buyer: GHO Capital
Ardian is an independent private investment company with assets of US$55bn managed or advised in Europe, North America and Asia. Global Healthcare Opportunities, or GHO Capital, was founded in 2014 as a specialist healthcare investment adviser based in London. "
target parent: Halifax Group
target: Envision Pharma, Inc.
Envision is a recognized strategic partner for Medical Affairs teams within biopharma, providing scientific data communication services and industry-leading technology solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/8/2016 via BNC Analysis

Ardian, acquired Dedalus S.p.A.

synopsis: Asset manager Ardian has acquired about 60% of Dedalus Holding, an international leader in providing healthcare IT software and solutions. Founded in 1990 in Florence, Italy, Dedalus encompasses 14 offices in Italy and 15 offices in Europe, Asia, Africa and the Americas.
buyer: Ardian
Ardian is an independent private investment company with assets of US$55bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and delivers investment performance to its global investors. "
target: Dedalus S.p.A.
Dedalus S.p.A. is an international leader in providing healthcare IT software and solutions. Founded in 1990 in Florence, Italy, Dedalus encompasses 14 offices in Italy and 15 offices in Europe, Asia, Africa and the Americas.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/4/2011 via BNC Analysis

Crédit Agricole SA, will acquire Skyrock

synopsis: AXA Private Equity, a unit of French insurer AXA SA, announced the sale of a 53% stake in radio station Skyrock to French bank Credit Agricole SA. Credit Agricole will team up with Pierre Bellanger, the founder of Skyrock, in a holding that will control the radio station.
buyer: Crédit Agricole SA
Retail bank leader in France, Crédit Agricole is a first-class partner for the economies in which it operates. The strength of its retail banks worldwide and the expertise of its specialised subsidiaries give Crédit Agricole an effective presence in all areas of banking and finance. "
target parent: AXA Group
target: Skyrock
Skyrock is a hip hop-oriented radio station based in Paris, France.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/19/2010 via Company Press Release

AXA Private Equity, will acquire Go Voyages

synopsis: AXA Private Equity, the leading European diversified private equity firm, announces that it has signed an agreement to acquire GO Voyages, the French online leader in the sale of air tickets.
buyer parent: AXA Group
buyer: AXA Private Equity
AXA Private Equity independently manages and/or advises Private Equity funds. It focuses on investments in unlisted companies and its expertise spans all types of Private Equity: Direct Funds, Funds of Funds and Private Equity Management Mandates. "
target parent: European Capital
target: Go Voyages
GO Voyages is France’s leading online seller of air tickets. GO Voyages also sells holidays and a full range of travel products (dynamic packages, city breaks, hotels, car hire, cruises, etc.)
price ($mm)
$358*
rev ($mm)
$1,284
EBITDA ($mm)
EV / rev
0.4x
EV / EBITDA
closed 6/6/2007 via Market Wire

AXA Private Equity, acquired Welcome Real-time

synopsis: In a management buyout, AXA Private Equity has acquired the majority of the shares of Welcome Real-time, a global provider of payment software for financial institutions and payment networks. The remaining shares were purchased by the current management team.
buyer parent: AXA Group
buyer: AXA Private Equity
AXA Private Equity independently manages and/or advises Private Equity funds. "
target: Welcome Real-time
Welcome Real-time is the leader in card marketing enhancements that create added value at the moment of payment. Welcome Real-time adds value to the traditional payment transaction through an enhanced payment experience that provides benefits to cardholders, retailers and financial institutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/27/2006 via Company Press Release

AXA Private Equity, will acquire Orbus

synopsis: AXA Private Equity has just signed an acquisition agreement – in association with Pierre Bellanger, CEO of Group Skyrock - with Tamago, the company held by Morgan Grenfell Private Equity and Goldman Sachs, for an 80% stake in Skyrock Group.
buyer parent: AXA Group
buyer: AXA Private Equity
AXA Private Equity independently manages and/or advises Private Equity funds. "
target: Orbus
Orbus operates French radion station Skyrock and Europe's No. 1 blog site Skyblog.
price ($mm)
$96
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/30/2017 via BNC Analysis

Technische Werke Ludwigshafen AG, acquired WEBfactory GmbH

synopsis: Fidura Private Equity Fonds has sold their majority stake in the software company WEBfactory GmbH in Buchen (Odenwald) successfully to Technische Werke Ludwigshafen AG (TWL). WEBFactory provides standard software for the surveillance and control of machines and industrial systems and for the online analysis and assessment of production data.
buyer: Technische Werke Ludwigshafen AG
Technische Werke Ludwigshafen AG (TWL) is a local utility company based in Ludwigshafen am Rhein, Germany. TWL has for over 100 years supplied the city of Ludwigshafen with electricity, gas, refrigeration, water and district heating. "
target parent: Fidura Private Equity Fonds
target: WEBfactory GmbH
WEBfactory GmbH, headquartered in Baden-Württemberg, Buchen, provides standard software for the surveillance and control of machines and industrial systems and for the online analysis and assessment of production data.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/28/2016 via Market Wire

N. Harris Computer Corporation, acquired iMDsoft

synopsis: Constellation Software Inc., announced its wholly-owned subsidiary N. Harris Computer Corporation has acquired all of the shares of I.M.D. Soft Limited a leading international clinical information systems software provider.
buyer parent: Constellation Software, Inc.
buyer: N. Harris Computer Corporation
Harris has focused on providing feature-rich and robust turnkey solutions to Public Sector, Schools, Utility, and Health Care agencies throughout North America. Harris’ focus is on creating long-term relationships with its customers and ensuring that it meets the changing needs of its customers. "
target parent: TPG Capital
target: iMDsoft
iMDsoft is a leading provider of proven clinical information systems worldwide. The Company’s products are designed to enhance quality of care for critically ill patients and improve financial performance for healthcare providers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/9/2012 via PR Newswire

MetrixLab, acquired MarketTools Inc.

synopsis: MetrixLab, a global provider of online consumer research services, announced that it has acquired MarketTools Research Solutions Inc., a leader in services and software for market research, from TPG Growth. MarketTools is known for pioneering some of the first research technologies on the Internet.
buyer: MetrixLab
MetrixLab is a fast-growing global provider of online consumer research services. Its solutions are employed by over half of the Top 100 Global Brands such as Microsoft, Philips, Google and Heineken. The company is headquartered in Rotterdam, The Netherlands. "
target parent: TPG Capital
target: MarketTools Inc.
MarketTools is the leading provider of services and software for market research. Through the use of advanced respondent engagement techniques and comprehensive analytic tools, MarketTools helps clients innovate, optimize and execute programs that deliver high-value business impact.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/23/2019 via PR Newswire

Dynata, will acquire Reimagine Holdings Group

synopsis: Dynata, a global leader in first-party data and data services, announces it has reached an agreement to acquire Reimagine Holdings Group, a global leader in data creation and technology-enabled business intelligence headquartered in Westport, Connecticut.
buyer parent: Court Square Capital Partners
buyer: Dynata
Dynata is the premier global provider of data solutions and technology for consumer and B2B survey research. Dynata reaches participants in 90+ sample countries via internet, telephone, mobile/wireless and mixed-access offerings. "
target: Reimagine Holdings Group
Reimagine is a global leader in data creation for business intelligence, and has redefined the insights industry by acquiring and investing in growth-oriented, technology-enabled service companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/23/2018 via BNC Analysis

startup300 AG, acquired Pioneers.io

synopsis: startup300, an Austrian angel investor network and business accelerator, has acquired Pioneers.io, an international relationship builder in the tech and startup scene. Pioneers' flagship event, Pioneers Festival, brings together a global community of 2,500 founders, investors, and innovation executives to build partnerships and shape the future.
buyer: startup300 AG
startup300 is an Austrian angel investor network and business accelerator that offers their services to Austrian startups. The group consists of 142 angels and investors that help startups grow their businesses. They focus on startups that have scalable, innovative or disruptive business models. "
target: Pioneers.io
Pioneers.io is an international relationship builder in the tech and startup scene, offering events, consulting, and investment. Their Pioneers Festival event brings together a global community of 2,500 founders, investors, and innovation executives to build partnerships and shape the future.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/14/2017 via PR Newswire

The Shipyard, acquired TOMORRO\\\ LLC

synopsis: The Shipyard, an independent marketing firm, today announces the acquisition of TOMORRO\\\, an innovation consultancy led by marketing icon Jon Bond – combining the companies' strategic, creative and data-centric talents to address rising demand from businesses seeking to inoculate themselves against Disruption.
buyer: The Shipyard
The Shipyard is an independent marketing consultancy and the first "marketing engineering" firm. It is creating digital transformation for the world's most significant brands- where high velocity content creation meets big data, where competitive strategy meets creative and disruptive advertising. "
target: TOMORRO\\\ LLC
TOMORRO\\\ LLC is a consultancy designed to accelerate brand value through the adoption of the most forward-thinking marketing approaches and technologies. TOMORRO\\\ is an active investor and advisor in ad technology companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/31/2017 via BNC Analysis

Capiton AG, will acquire Gemaco N.V.

synopsis: Capiton has entered into an agreement on the acquisition of a majority stake in Gemaco Group with the current majority shareholder Saffelberg Investments. Gemaco Group based with its headquarters in Mechelen, Belgium is a leading provider of full-service merchandising and promotional marketing solutions for global industry.
buyer: Capiton AG
Capiton is an owner-managed financial investor that invests in large SMEs in Germany, Austria and Switzerland by means of MBOs and expansion financing. capiton's roots go back to the late 1970s. "
target parent: Saffelberg Investments
target: Gemaco N.V.
Gemaco Group based with its headquarters in Mechelen, Belgium is a leading provider of full-service merchandising and promotional marketing solutions for global industry and fast-moving consumer goods (FMCG) customers. The Group has 13 locations worldwide.
price ($mm)
rev ($mm)
$96
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 12/21/2016 via Company Press Release

New Hope Communications Inc., acquired Nutrition Capital Network

synopsis: New Hope, a company that helps suppliers, manufacturers & retailers bring healthy, organic & natural products to life, has acquired the assets of Nutrition Capital Network (NCN), a company that holds four annual investor meetings which focus on investment and acquisition opportunities in branded products, ingredients and technology.
buyer parent: Informa plc
buyer: New Hope Communications Inc.
New Hope Network is at the forefront of the healthy lifestyle products industry. With solutions for the complete supply chain from manufacturers, retailers/distributors and service providers, the network offers a robust portfolio of content, events, data, research and consultative services. "
target: Nutrition Capital Network
Nutrition Capital Network holds four annual investor meetings which focus on investment and acquisition opportunities in branded products, ingredients and technology. They facilitate financing for growing companies and introduce investors to the next generation of brands.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/3/2018 via PR Newswire

RMRM Holdings, Sound Point Capital Management, will acquire Relativity Media, LLC

synopsis: Relativity Media has agreed to sell all of its assets to UltraV Holdings LLC, a joint venture among funds managed by Sound Point Capital Management and RMRM Holdings. Relativity Media operates a portfolio of major studio quality film assets with the capabilities and infrastructure to produce and distribute high caliber, original content.
buyer: RMRM Holdings
buyer: Sound Point Capital Management
UltraV Holdings LLC is a joint venture among funds managed by Sound Point Capital Management, a New York-based asset management firm with approximately $17 billion of assets under management, and RMRM Holdings, which is led by David Robbins, Lex Miron and Larry Robbins. "
target: Relativity Media, LLC
Relativity Media operates a portfolio of major studio quality film assets with the capabilities and infrastructure to produce and distribute high caliber, original content. They are engaged in the production and distribution of movies, television, fashion, sports, digital and music.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/4/2018 via PR Newswire

SilverLake, will acquire Weld North Education

synopsis: Silver Lake, the global leader in technology investing, announced that it will acquire a majority stake in Weld North Education (WNE), a leading digital education technology company focused on developing digital curriculum and tools for preK-12th grade, from KKR.
buyer: SilverLake
Silver Lake is the global leader in technology investing, with about $39 billion in combined assets under management and committed capital and a team of approximately 100 investment and value creation professionals located in Silicon Valley, New York, London, Hong Kong and Tokyo. "
target parent: Kohlberg Kravis Roberts & Co.
target: Weld North Education
Weld North Education operates a platform of digital and SaaS educational solution businesses and makes control investments in high potential businesses in the education industry.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/14/2017 via BNC Analysis

Boubyan Petrochemical Company, will acquire Educational Holding Group

synopsis: Boubyan Petrochemicals, the first private-sector company in Kuwait that invested in the government-controlled petrochemical sector, is to acquire majority stake in Educational Holding Group, the first private educational investments organization in Kuwait. Boubyan Petrochemicals is looking to buy 32.8% stake and currently hold 21.12% stake.
buyer: Boubyan Petrochemical Company (KWSE:BPCC:$93.42)
Boubyan Petrochemical Company K.S.C., a Kuwaiti shareholding company listed on the Kuwait Stock Exchange, is the first private-sector company in Kuwait that invested in the government-controlled petrochemical sector. The company was established on February 12, 1995 "
target: Educational Holding Group (KWSE:EDU:$38.04)
Founded in 1982, Educational Holding Group was the first private educational investments organization in Kuwait. The group has grown manifold with a portfolio that covers the entire educational life-cycle, ranging from K-12, tertiary education and vocational training and development.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/8/2005 via BusinessWire

eLocalAccess, LLC merged with TradeMaven Group LLC,

synopsis: TradeMaven LLC and eLocal today jointly announced they have merged the two firms to form TradeMaven Group LLC (TMG). The merger is one of the most significant in the online trading industry, combining TradeMaven's leading technology for online trading with eLocal's exceptional retail and institutional execution and brokerage services.
buyer: TradeMaven Group LLC
TradeMaven was founded with the mission of providing high-performance and cost-effective trading software for experienced and new traders. TM is used by Futures, Forex & Bond Traders worldwide. "
target: eLocalAccess, LLC
eLOCAL was established and registered with the NFA and CFTC in July 2000 culminating in the merger of two large independent local clearing firms at the Chicago Board of Trade.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/2/2015 via BNC Analysis

Wealthsimple, will acquire ShareOwner

synopsis: Wealthsimple Financial Inc., Canada's leading online investing service, announced it has acquired Canadian ShareOwner Investments Inc., the country's first automated investment manager.
buyer: Wealthsimple
Wealthsimple is Canada's leading online investment manager, making smart and simple investing accessible to all Canadians with low minimums and low fees. Their on-demand financial planning services and investment advice educate clients and keep their investments on track. "
target: ShareOwner
ShareOwner (Canadian ShareOwner Investments) has been providing independent investment education and low-cost investing services to retail investors since 1987.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/3/2014 via BusinessWire

Evercore Partners Inc., acquired ISI Group, Inc.

synopsis: Evercore announced that it has acquired the operating businesses of ISI International Strategy & Investment (“ISI”). ISI is a leading independent research-driven equity sales and agency trading firm. ISI is a full service broker-dealer offering macro and fundamental research, sales and trading.
buyer: Evercore Partners Inc. (EVR:$1,004.73)
Evercore Partners is a leading independent investment banking advisory firm. Evercore’s Investment Banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions. "
target: ISI Group, Inc.
ISI is a leading independent research-driven equity sales and agency trading firm. ISI strives to be the Street’s best investment research resource for their clients' money management performance. ISI is a full service broker-dealer offering macro and fundamental research, sales and trading.
price ($mm)
$132
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/1/2010 via BNC Analysis

FXCM Inc., acquired ODL Securities

synopsis: ODL Group Limited (“ODL”), a leading, independent forex, derivatives, equities and commodities broker, has been acquired by US-based FXCM Holdings LLC (“FXCM”), a leading global forex broker that caters to both retail and institutional markets.
buyer: FXCM Inc. (GLBR:$417.32)
FXCM Inc. is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers worldwide. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. "
target: ODL Securities
ODL Securities Limited (ODLS) commenced trading early in 1995. Initially it specialised in derivatives and equities but recently has seen significant growth in foreign exchange, equity CFDs, Corporate and Government bond trading and other over-the-counter (OTC) products.
price ($mm)
$55
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/24/2019 via BNC Analysis

VinaCapital Investment Management, acquired Smartly Pte Ltd

synopsis: VinaCapital, one of Vietnam’s leading investment management and real estate development firms, has acquired Smartly, a Singapore-based, financial technology company building a new-generation robo-advisor, providing a digital wealth management platform to retail investors.
buyer: VinaCapital Investment Management
Founded in 2003, VinaCapital is one of Vietnam’s leading investment management and real estate development firms, with a diversified portfolio of USD1.8 billion in assets under management. "
target: Smartly Pte Ltd
Smartly is a Singapore-based, financial technology company building a new-generation robo-advisor, providing a digital wealth management platform to retail investors.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/20/2019 via BNC Analysis

Lynx Vermogensbeheer BV, acquired TradersOnly BV

synopsis: LYNX, a Dutch specialist in online investing, has acquired TradersOnly, the number 1 online broker for active investors in the Netherlands. TradersOnly's advanced trading platform provides investors with real-time prices and relevant information. TradeOnly allows users to easily trade shares in 19 different countries and 63 different exchanges.
buyer: Lynx Vermogensbeheer BV
LYNX is a Dutch specialist in online investing. LYNX provides investors with access to more than 100 exchanges in 20 countries through its user-friendly trading platform. The company was founded in 2006 and has been active on the Dutch market since 2007. "
target: TradersOnly BV
TradersOnly is the number 1 online broker for active investors in the Netherlands. TradersOnly's advanced trading platform provides investors with real-time prices and relevant information. TradeOnly allows users to easily trade shares in 19 different countries and 63 different exchanges.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/11/2018 via BNC Analysis

MobiKwik, acquired Clearfunds

synopsis: MobiKwik, India's largest independent mobile payments network, has acquired Clearfunds, an online investment advisor that allows users to buy direct mutual funds from any Mutual Fund Company in India. Clearfunds' robo-advisory platform provides financial planning and investment recommendations via web and mobile to India’s mass affluent.
buyer: MobiKwik
MobiKwik is India's largest independent mobile payments network connecting 107 million users with more than 3 million direct merchants. MobiKwik allows users to load money into a digital wallet and make secure 1-tap payments for online or offline purchases. "
target: Clearfunds
Clearfunds is an online investment advisor that allows users to buy direct mutual funds from any Mutual Fund Company in India. Their robo-advisory platform provides financial planning and investment recommendations via web and mobile to India’s mass affluent.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/12/2018 via BNC Analysis

Niyogin Fintech Ltd., acquired Moneyfront

synopsis: Niyogin, a non-banking finance company in India, has acquired a 50.1% stake in Moneyfront, an online robo-advisory and investment platform in India. Moneyfront helps its users invest in mutual funds and other fixed-income instruments. Users can manage their investments through a customizable portfolio management system and earn superior returns.
buyer: Niyogin Fintech Ltd. (BSE:538772:$2.40)
Founded in 1988, Niyogin is a non-banking finance company in India. The company helps small businesses with their financial needs, whether it is collateral free access to credit for working capital, financing small projects, expanding businesses or purchasing inventory. "
target: Moneyfront
Moneyfront is an online robo-advisory and investment platform in India. Moneyfront helps its users invest in mutual funds and other fixed-income instruments. Users can manage their investments through a completely customizable portfolio management system and earn superior returns.
price ($mm)
$1.67*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/28/2018 via Company Press Release

Mohamed Radwan & Omar Radwan, acquired Arab Finance Brokerage Company

synopsis: Arab Finance Brokerage Co. announced a group of investors finalized the acquisition of 100% of Arab Finance. Among the new shareholders, were market experts Mohamed Radwan, Ex-Board member In Pharos Securities and Omar Radwan. Arab Finance is one of the most prestigious and well-known news websites in the financial sector.
buyer: Mohamed Radwan & Omar Radwan
Mohamed Radwan is the Ex-Board member In Pharos Securities and Omar Radwan is the former Head of Asset Management in HC Securities & Investment. "
target: Arab Finance Brokerage Company
Arab Finance is one of the most prestigious and well-known news websites in the financial sector. Arab Finance has one of the oldest news portal covering the Egyptian EGX and macroeconomic news. In addition, Arab Finance also provides its services as a brokerage house specialized in online trading.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Net Income ($mm)
$59.38
Employees
7350
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Ticker: LOPE
 
 
 
 
 
 
 
 
Grand Canyon Education, Inc.
Grand Canyon Education (GCE) is a publicly traded shared services partner dedicated to serving colleges and universities. GCE supports partner institutions' students through operational functions that achieve organizational growth and student success. GCE is a pioneer of the hybrid campus model.
year
2018
rev ($mm)
$939.37
EBITDA ($mm)
$332.49
EBIT ($mm)
$286.95
Net Income ($mm)
$221.74
Employees
4000
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Ticker: ASX:NVT
 
 
 
 
 
 
 
 
Navitas Limited
Navitas Limited
Navitas is a leading global education provider that offers an extensive range of educational services through three major divisions to students and professionals including university programs, creative media education, professional education, English language training and settlement services.
year
2014
rev ($mm)
$750.17
EBITDA ($mm)
$123.97
EBIT ($mm)
$101.35
Net Income ($mm)
$37.50
Employees
1117
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Ticker: BOVESPA:ANIM3
 
 
 
 
 
 
 
 
Anima Educacao
Anima Educacao
Anima Educacao is one of Brazil’s largest private higher education organizations, both in terms of revenue and the number of enrolled students. It has 79,000 students enrolled in classroom courses at 18 campuses located in the states of Minas Gerais and São Paulo.
year
2019
rev ($mm)
$280.27
EBITDA ($mm)
$26.49
EBIT ($mm)
$14.99
Net Income ($mm)
$0.11
Employees
0
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Ticker: SEHK:6169
 
 
 
 
 
 
 
 
China YuHua Education Corporation Limited
China YuHua Education Corporation Limited has been operating private schools in Henan province of China for over 15 years and is one of the leading private school operators in central China in terms of student enrollment.
year
2019
rev ($mm)
$214.86
EBITDA ($mm)
$124.39
EBIT ($mm)
$105.54
Net Income ($mm)
$95.80
Employees
6269
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Ticker: SEHK:1765
 
 
 
 
 
 
 
 
Hope Education Group
Hope Education Group
Hope Education Group is the second-largest private higher education group in China. Hope Education Group operates four independent colleges and five junior colleges in China. The group offers services for undergraduate, vocational college, and technical college.
year
2018
rev ($mm)
$149.56
EBITDA ($mm)
$46.45
EBIT ($mm)
$26.00
Net Income ($mm)
$24.39
Employees
5357
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Ticker: BME:PRO
 
 
 
 
 
 
 
 
Universidad Internacional de la Rioja (UNIR)
Universidad Internacional de la Rioja (UNIR)
Founded in 2007 and based in La Rioja, Spain, UNIR (Proeduca Group) is the leading online university for the Spanish language in the world. UNIR caters for more than 32,000 students. UNIR has a presence in Spain and in Argentina, Bolivia, Colombia, Ecuador, Mexico and Peru.
year
2018
rev ($mm)
$124.27
EBITDA ($mm)
$26.62
EBIT ($mm)
$24.32
Net Income ($mm)
$15.64
Employees
1830
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Ticker: CEDU
 
 
 
 
 
 
 
 
ChinaEdu
ChinaEdu
ChinaEdu Corporation's primary business is to provide comprehensive educational services to the online degree programs of leading Chinese universities, including academic program development, technology services, enrollment marketing, student support services and finance operations.
year
2013
rev ($mm)
$85.91
EBITDA ($mm)
$25.24
EBIT ($mm)
$20.53
Net Income ($mm)
$8.57
Employees
2116
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Ticker: PSE:STI
 
 
 
 
 
 
 
 
STI Education Services Group, Inc.
STI Education Services Group, Inc.
STI Education Services Group, Inc. is one of the largest network of schools in the Philippines providing a range of highly-relevant academic programs in the fields of Information & Communications Technology, Business, Engineering, Healthcare, and more.
year
2018
rev ($mm)
$54.75
EBITDA ($mm)
$17.89
EBIT ($mm)
$9.43
Net Income ($mm)
$7.29
Employees
2621
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Ticker: ASX:AKG
 
 
 
 
 
 
 
 
Academies Australasia Pty Limited
Academies Australasia is an education provider that service through 10 separately colleges operating in Australia and Singapore. They offer English language, Senior High School, Singapore Government School Preparatory Certificate, Diploma, Advanced Diploma, Bachelor and Master degree courses.
year
2013
rev ($mm)
$37.46
EBITDA ($mm)
$6.18
EBIT ($mm)
$5.53
Net Income ($mm)
$4.13
Employees
47
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Ticker: SEHK:1598
 
 
 
 
 
 
 
 
21st Century Education Group
21st Century Education Group
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.
year
2019
rev ($mm)
$30.87
EBITDA ($mm)
$11.60
EBIT ($mm)
$9.93
Net Income ($mm)
$12.78
Employees
1158
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Ticker: NZSE:IQE
 
 
 
 
 
 
 
 
Intueri Education Group Limited
Intueri Education Group Limited
The Intueri Education Group is one of New Zealand's largest private vocational educational groups. They specialise in providing industry relevant training across a number of exciting industries and they work closely with those industries to ensure their graduates find employment.
year
2013
rev ($mm)
$13.22
EBITDA ($mm)
$1.80
EBIT ($mm)
$0.04
Net Income ($mm)
$0.48
Employees
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Ticker: TSX:ONEX
 
 
 
 
 
 
 
 
Onex Corporation
Onex Corporation
Founded in 1984, Onex is one of the oldest and most successful private equity firms. They acquire and build high-quality businesses in partnership with talented management teams. They also invest in non-investment grade debt through credit funds and collateralized loan obligations.
year
2019
rev ($mm)
$12,803.00
EBITDA ($mm)
$1,628.00
EBIT ($mm)
$1,045.00
Net Income ($mm)
$3,738.00
Employees
0
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Ticker: KKR
 
 
 
 
 
 
 
 
Kohlberg Kravis Roberts & Co.
Kohlberg Kravis Roberts & Co.
KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, capital markets, credit strategies, and hedge funds. With offices around the world, KKR manages assets through a variety of investment funds.
year
2019
rev ($mm)
$5,683.13
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$1,495.95
Employees
0
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Ticker: BX
 
 
 
 
 
 
 
 
Blackstone Group LP
Blackstone Group LP
Blackstone is one of the world’s leading investment firms. They seek to create positive economic impact and long-term value for their investors, the companies they invest in, and the communities in which they work. They use extraordinary people and flexible capital to help companies solve problems.
year
2019
rev ($mm)
$5,568.16
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$1,555.67
Employees
0
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Ticker: CG
 
 
 
 
 
 
 
 
Carlyle Group
Carlyle Group
The Carlyle Group is a global alternative asset manager with $193 billion of assets under management across 128 funds and 159 fund of funds vehicles as of June 30, 2015. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions.
year
2019
rev ($mm)
$3,068.40
EBITDA ($mm)
$1,458.00
EBIT ($mm)
$1,400.50
Net Income ($mm)
$379.10
Employees
0
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Ticker: RTOBF
 
 
 
 
 
 
 
 
Ratos AB
Ratos AB
Ratos is a private equity company that invests in Nordic companies where their core expertise as a professional, active and responsible owner over time creates good value growth. Added value is created in connection with acquisition, development and divestment of these primarily unlisted companies.
year
2019
rev ($mm)
$2,530.41
EBITDA ($mm)
$141.89
EBIT ($mm)
$80.55
Net Income ($mm)
Employees
0
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Ticker: SIVB
 
 
 
 
 
 
 
 
Silicon Valley Bank
Silicon Valley Bank helps innovative companies and their investors move bold ideas forward, fast. They provide a full range of financial services to companies of all sizes in innovation centers around the world.
year
2018
rev ($mm)
$2,387.31
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$824.79
Employees
2836
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Ticker: NYSE:APO
 
 
 
 
 
 
 
 
Apollo Global Management
Apollo Global Management
Apollo Global Management, LLC and its subsidiaries is a leading global alternative investment manager. They are contrarian, value-oriented investors in private equity, credit and real estate, with significant distressed expertise.
year
2019
rev ($mm)
$1,816.74
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$489.91
Employees
0
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Ticker: TGOPF
 
 
 
 
 
 
 
 
3i Group Plc
3i Group Plc
3i Group plc is a multinational private equity and venture capital company headquartered in London, United Kingdom. It has offices in 13 countries across the Americas, Asia and Europe and had total assets under management of £10.5 billion as at 31 March 2012.
year
2019
rev ($mm)
$1,653.85
EBITDA ($mm)
$1,498.31
EBIT ($mm)
$1,494.66
Net Income ($mm)
$1,509.24
Employees
0
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Ticker:
 
 
 
 
 
 
 
 
Oaktree Capital Management, LLC
Oaktree Capital Management, LLC
Oaktree is a leader among global investment managers specializing in alternative investments. They emphasize an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt, control investing, convertible securities, real estate and listed equities.
year
2019
rev ($mm)
$1,315.17
EBITDA ($mm)
$357.51
EBIT ($mm)
$331.49
Net Income ($mm)
$224.77
Employees
0
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Ticker: SWX:PGHN
 
 
 
 
 
 
 
 
Partners Group Holding AG
Partners Group Holding AG
Partners Group is a global private markets investment manager, serving over 900 institutional investors worldwide. They have USD 66 billion in assets under management and more than 950 professionals across 19 offices worldwide.
year
2016
rev ($mm)
$1,024.21
EBITDA ($mm)
$626.28
EBIT ($mm)
$620.16
Net Income ($mm)
$587.63
Employees
  • drill down
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Ticker: COWN
 
 
 
 
 
 
 
 
Cowen Group, Inc.
Cowen Group, Inc.
Cowen Inc. is a diversified financial services firm that operates through two business segments: a broker dealer and an investment management division. Cowen Inc. focuses on delivering value-added capabilities to their clients in order to help them outperform.
year
2019
rev ($mm)
$865.94
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$36.16
Employees
0
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Ticker: PSEC
 
 
 
 
 
 
 
 
Prospect Capital Corporation
Prospect Capital Corporation is a business development company that operates as a closed-end, non-diversified investment company that lends to and invests in energy-related businesses.
year
2013
rev ($mm)
$625.80
EBITDA ($mm)
EBIT ($mm)
$433.31
Net Income ($mm)
$292.38
Employees
  • drill down
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Ticker: EQT
 
 
 
 
 
 
 
 
EQT AB
EQT AB
EQT is a leading Swedish investment firm with more than EUR 61B in raised capital across 29 funds and around EUR 40B in assets under management. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19B and approximately 110,000 employees.
year
2019
rev ($mm)
$561.47
EBITDA ($mm)
$218.00
EBIT ($mm)
$205.11
Net Income ($mm)
$183.41
Employees
0
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Ticker: ENXTPA:FIM
 
 
 
 
 
 
 
 
Fimalac SA
Fimalac SA
Fimalac is a diversified holding company, listed on the Paris Stock Exchange, founded and managed by Marc Ladreit de Lacharrière. Fimalac Group is engaged in private equity, digital media, live shows and hotels and recreation.
year
2016
rev ($mm)
$392.72
EBITDA ($mm)
($13.56)
EBIT ($mm)
($54.12)
Net Income ($mm)
$68.47
Employees
2911
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Ticker: GIMB
 
 
 
 
 
 
 
 
Gimv
Gimv
Gimv is a European investment company with over three decades of experience in private equity and venture capital. Gimv currently manages around EUR 1.8 billion (including co-investment partnerships) of investments in about 50 portfolio companies.
year
2018
rev ($mm)
$244.30
EBITDA ($mm)
$205.78
EBIT ($mm)
$204.62
Net Income ($mm)
$119.37
Employees
0
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