Like Educate, Inc.

closed 6/14/2007 via PR Newswire

Citigroup Inc., Sterling Capital, Ltd., acquired Educate, Inc.

synopsis: Educate, Inc., a leading pre-K-12 education company delivering supplemental education services and products to students and their families, announced that it has completed the merger in which Educate was acquired by a group of investors including certain members of management and affiliates of Sterling Capital Partners and Citigroup Private Equity.
buyer: Sterling Capital, Ltd.
buyer: Citigroup Inc. (C:$63,902.00)
Sterling Partners is a multifaceted private equity firm focusing on buyouts, venture capital and real estate. Sterling Partners specializes in investments in education, healthcare, business services, direct marketing, specialty manufacturing and distribution, and technology companies. "
target parent: Apollo Advisors, L.P.
target: Educate, Inc.
Educate, Inc., is a leading pre-K-12 education company delivering supplemental education services and products to students and their families. Educate's consumer services business, Sylvan Learning Center, is North America's best-known and most trusted tutoring brand.
price ($mm)
$517
rev ($mm)
$351
EBITDA ($mm)
$40
EV / rev
1.5x
EV / EBITDA
13.1x
closed 7/5/2017 via BNC Analysis

Byju's, acquired TutorVista

synopsis: Bangalore-based ed-tech startup Byju’s has acquired online education company TutorVista Global Pvt. Ltd from British media and publishing group Pearson Plc. The deal also includes Edurite Technologies Pvt. Ltd, a provider of technology solutions to the education sector that TutorVista acquired in 2007.
buyer: Byju's
Based in Bangalore, Byju is a creator of K-12 learning app which offers adaptive, engaging and effective learning programs for students in classes 4-12 (K-12) and competitive exams like JEE, NEET, CAT, IAS, GRE and GMAT. "
target parent: Pearson plc
target: TutorVista
TutorVista was founded in 2005 by Krishnan Ganesh and wife Meena Ganesh as an online tutoring firm. It has since then expanded its presence across the ed-tech value chain. The firm provides digital content and technology platforms to private and government schools under long-term contracts.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/23/2012 via BNC Analysis

Graphite Capital, acquired Explore Learning Ltd

synopsis: Graphite Capital has backed a £30 million management buy-out at supplementary education provider Explore Learning. Explore provides tutoring for primary and secondary school children and now operates 62 centres nationally, with over 16,000 children currently enrolled as members.
buyer: Graphite Capital
Graphite Capital is a leading independent private equity investor focused on the UK mid-market. They have been raising and managing private equity funds since 1981. Graphite currently manages more than £1.2 billion of funds for institutional and private shareholders. "
target: Explore Learning Ltd
Explore Learning Ltd. offers mathematics and English tutorial services in the United Kingdom. It also provides services in the areas of reading, spelling, and writing; and courses for primary and secondary school and 11 plus children, and entrance exams.
price ($mm)
$47
rev ($mm)
$24
EBITDA ($mm)
EV / rev
2.0x
EV / EBITDA
closed 1/18/2011 via Company Press Release

Pearson plc, acquired TutorVista

synopsis: Pearson, the world’s leading learning company, announces that it has agreed to increase its shareholding in TutorVista to a controlling 76% stake for a consideration of $127m. Pearson acquired a minority stake in TutorVista in June 2009 and this transaction takes Pearson’s total equity investment in the company to approximately $139m.
buyer: Pearson plc (LSE:PSON:$4,926.49)
Pearson is an international education and media company with world-leading businesses in education, business information and consumer publishing. "
target: TutorVista
Headquartered in Bangalore. TutorVista provides online tutoring services for K-12 and college students around the world. It connects experienced tutors with more than 20,000 registered students using VoIP and online whiteboards to work through problems, demonstrate solutions and conduct assessments.
price ($mm)
$135*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/12/2018 via GlobeNewswire

Gyldendal A/S, will acquire Mentor Danmark ApS

synopsis: Gyldendal has entered into an agreement to purchase 60% of the shares in MentorDanmark ApS, which offers homework and mentor courses to students in primary and secondary schools.
buyer: Gyldendal A/S (:$140.57)
Gyldendal was founded in 1770 and is Denmark's largest publisher. For almost 250 years, Gyldendal has been working to enrich Danish book readers with knowledge, art, culture and entertaining reading experiences, and publishes over 400 new titles in all possible formats for children and adults. "
target: Mentor Danmark ApS
MentorDanmark ApS, based in Copenhagen, offers homework and mentor courses to students in primary and secondary schools.
price ($mm)
$8.70*
rev ($mm)
$7
EBITDA ($mm)
$1
EV / rev
2.2x
EV / EBITDA
19.0x
closed 6/6/2018 via Company Press Release

Satt, Inc., acquired Mana.bo

synopsis: SATT announced that it has purchased all shares of Mana.bo Inc. Mana.bo, based in Tokyo, provides an online tutoring service using a smartphone application. Mana.bo is an educational service where individual guidance can be easily received.
buyer: SATT, Inc.
SATT, based in Tokyo, provides smart TLEC 3 (Smart Trek 3), a tool to easily create lecture-type e-learning content from presentation files created with Microsoft PowerPoint. "
target: Mana.bo
Mana.bo, based in Tokyo, provides an online tutoring service using a smartphone application. Mana.bo is an educational service where individual guidance can be easily received.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/22/2017 via BNC Analysis

IK Investment Partners, will acquire Studienkreis

synopsis: IK Investment Partners, a Pan-European private equity firm, is to acquire Studienkreis GmbH, one of the leading private education providers in Germany, from Aurelius. Studienkreis offers qualified tutoring for students of all classes and types of school in all major subjects.
buyer: IK Investment Partners
IK Investment Partners is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9 billion of capital and invested in over 110 European companies. "
target parent: Aurelius AG
target: Studienkreis
Studienkreis is one of the leading private education providers in Germany. The company offers qualified tutoring for students of all classes and types of school in all major subjects. Individual support follows a scientifically proven learning concept.
price ($mm)
$85
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/7/2017 via BNC Analysis

With Us Corp, will acquire Kyodai Seminar Kubojuku Co., Ltd.

synopsis: With Us Corp, an owner and operator of tutoring and preparatory schools in Japan, will acquire Kyodai Seminar Kubojuku Co., Ltd. Kyodai Seminar Kubojuku Co., Ltd. operates and manages private tutoring schools in Japan for elementary and junior high school students. The company has 7 classrooms located in various cities.
buyer: With Us Corp (JASDAQ:9696:$134.56)
With Us Corporation operates in the education industry in Japan. The company owns and operates tutoring schools that offers group and individual tutoring for elementary, middle, and high school students. They also operate preparatory schools to help students pass high school certification exams. "
target: Kyodai Seminar Kubojuku Co., Ltd.
Kyodai Seminar Kubojuku Co., Ltd. operates and manages private tutoring schools in Japan for elementary and junior high school students. The company has 7 classrooms located in various cities. Students that have attended the company's private tutoring schools have a high rate of passing exams.
price ($mm)
rev ($mm)
$5
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 7/5/2017 via Bloomberg

Yukon Capital Partners, acquired Shonan Seminar Co., Ltd.

synopsis: Yukon Capital Partners, a private equity firm, has acquired Shonan Seminar Co., Ltd., a provider of private educational services, including group and individual tutoring schools, for children from elementary to high schools. Both companies are based in Japan.
buyer: Yukon Capital Partners
Founded in 2014, Yukon Capital Partners is a private equity firm headquartered in Tokyo, Japan. "
target: Shonan Seminar Co., Ltd.
Shonan Seminar Co., Ltd. is a provider of private educational services, including group and individual tutoring schools, for children from elementary to high schools. The company was founded in 1988 and is headquartered in Yokohama, Japan.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/17/2017 via BNC Analysis

Oakley Capital Investments Limited, will acquire Schülerhilfe

synopsis: Oakley Capital Investments Limited has agreed to acquire the business and operations of ZGS Verwaltungs GmbH ('Schuelerhilfe'), from its current majority shareholders Deutsche Beteiligungs AG (DBAG). Schuelerhilfe is the leading provider of after school tutoring to primary and secondary school students in Germany and Austria.
buyer parent: Oakley Capital Limited
buyer: Oakley Capital Investments Limited (OCL:$88.88)
Oakley Capital Investments Limited ("OCI"), an AIM listed company, seeks to provide investors with long term capital appreciation, through its investment in the Funds of Oakley Capital Private Equity and through co-investment opportunities. "
target parent: Deutsche Beteiligungs AG
target: Schülerhilfe
Schuelerhilfe is the leading provider of after school tutoring to primary and secondary school students in Germany and Austria. Established in 1974, and headquartered in Gelsenkirchen, Schuelerhilfe provides small-group tutoring through a network of over 1,000 branches in Germany and Austria.
price ($mm)
$46
rev ($mm)
$69
EBITDA ($mm)
$18
EV / rev
0.7x
EV / EBITDA
2.5x
announced 5/17/2017 via BNC Analysis

J-STAR Co., Ltd., will acquire Alpha Corporation Co., Ltd.

synopsis: Tokyo-based private equity firm J-STAR will buy the tutoring business of Japan’s Alpha Corporation. Alpha Corporation provides a one-to-one 100 per cent private tutoring services by professional tutors, tapping into the needs of the education industry in Japan.
buyer: J-STAR Co., Ltd.
J-STAR is an independent and partner-owned Japanese alternative asset manager with $300 million of assets under management. Founded in 2006 in Tokyo, J-STAR has grown into one of the most successful investment firms in Asia, with 17 skilled and experienced professionals "
target: Alpha Corporation Co., Ltd.
Alpha Corporation provides a one-to-one 100 per cent private tutoring services by professional tutors, tapping into the needs of the education industry in Japan. Alpha Corporation operates 16 private tutoring schools in Sapporo, Japan.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/11/2017 via PR Newswire

At-Home Tutoring Services, acquired TutaPoint

synopsis: TutaPoint, a leading tutoring firm that offers real-time, live online instruction and tutoring using US based instructors in math, science, language arts computer science and world languages, has been acquired by At-Home Tutoring Services. At-Home Tutoring Services is a private, in-home tutoring service for students in Early Childhood to college.
buyer: At-Home Tutoring Services
At-Home Tutoring Services is a private, in-home tutoring service for students in grades Early Childhood through high school and college. They cover all academic subjects and test preparation for standardized tests. "
target: TutaPoint
TutaPoint offers real-time, live online instruction and tutoring using US based instructors in math, science, language arts computer science and world languages. TutaPoint's proprietary virtual classrooms feature live video, audio, whiteboard and chat.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/20/2015 via PR Newswire

TAL Education Group, will acquire Firstleap Education

synopsis: TAL Education Group, a leading K-12 after-school tutoring services provider in China, announced that it has entered into a definitive agreement to acquire Firstleap Education, which provides all-subject tutoring service in English in China to children aged from 2 to 15 years old through both its online platform and over 60 learning centers.
buyer: TAL Education Group (TAL:$2,340.52)
TAL Education Group is a leading K-12 after-school tutoring services provider in China. They offer their comprehensive tutoring services to students from pre-school to the twelfth grade through three flexible class formats: small classes, personalized premium services, and online courses. "
target: Firstleap Education
Firstleap provides all-subject tutoring service in English in China to children aged from 2 to 15 years old through both its online platform and over 60 learning centers. It now serves more than 20,000 students in over 20 cities in China.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/20/2015 via BNC Analysis

Studienkreis, will acquire tutoria GmbH

synopsis: Studienkreis, a company that provides tutoring services for students of all ages and adults, is to acquire tutoria GmbH, Germany’s leading digital education company which focuses on individual learning.
buyer parent: Aurelius AG
buyer: Studienkreis
Studienkreis GmbH provides tutoring services for students of all ages and adults. The company offers adult education, language tuition, and support for the talented and gifted and regular after school tuition in all courses. "
target parent: Verlagsgruppe Georg von Holtzbrinck GmbH
target: tutoria GmbH
Tutoria GmbH is Germany’s leading digital education company which focuses on individual learning. Tutoria’s core product is a comprehensive, premium service for private home tutoring – offering more than 20,000 professional tutors, interactive monitoring of success and online management of lessons.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/31/2015 via BNC Analysis

ESM Group, acquired Tutorpedia

synopsis: Sacramento-based ESM Group has completed the purchase of San Francisco based tutoring company, Tutorpedia. Both companies specialize in preparing high school students for college entrance exams. ESM bought the name, assets and brand of Tutorpedia.
buyer: ESM Group
ESM Group is a Sacramento-based tutoring company. Launched in 1999, ESM offers college admissions counseling for high school students, as well as tutoring and test preparation. "
target: Tutorpedia
Tutorpedia serves the private and public tutoring needs of families and individuals throughout the Bay Area. They are a personal, comprehensive tutoring resource that connects students in grades K-12 to tutors for academic help.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/3/2016 via PR Newswire

Xueda Education Group merged with Xiamen Insight Investment Co., Ltd,

synopsis: Xueda Education Group, a leading national provider of personalized tutoring services for primary and secondary school students in China, announced the completion of its merger with Xueda Acquisition Limited, a wholly-owned subsidiary of Xiamen Insight Investment Co., Ltd.
buyer: Xiamen Insight Investment Co., Ltd (SZSE:000526:$3.82)
Xiamen Insight Investment Co., Ltd. is principally engaged in the operation of real estate leasing business. The Company’s main business activities include merchandise sales, provision of technical services, real estate leasing, property management and others. "
target: Xueda Education Group (XUE:$347.39)
Xueda Education Group is a leading national provider of tutoring services for primary and secondary school students in China with a focus on offering personalized tutoring services.
price ($mm)[EV]
$345 [$135]
rev ($mm)
$339
EBITDA ($mm)
EV / rev
0.4x
EV / EBITDA
closed 11/15/2013 via PR Newswire

Public Consulting Group, Inc., acquired University Instructors

synopsis: Public Consulting Group (PCG) announced it has acquired University Instructors, Inc. (UI), a provider of K-12 flexible learning solutions. Headquartered in Staunton, Virginia, UI delivers K-12 school support solutions in core subject areas. The company's K-12 Flexible Learning Solutions are tailored to meet a school's specific needs.
buyer: Public Consulting Group, Inc.
Public Consulting Group, Inc. is a management consulting firm that primarily serves public sector education, health and human services, and other state and municipal government clients. The firm was established in 1986 and has headquarters in Boston, Massachusetts. "
target: University Instructors
University Instructors, Inc. provides education services and academic programs for schools, teachers, and students in Virginia, North Carolina, South Carolina, and Georgia. It offers school programs, including specific tutoring, inclusion programs, and lab tutoring services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/9/2013 via BNC Analysis

Deutsche Beteiligungs AG, acquired ZGS Schülerhilfe GmbH

synopsis: Deutsche Beteiligungs AG, a leading German private equity company, has bought a majority stake in private tutoring services provider ZGS Schülerhilfe GmbH in a management buyout.
buyer: Deutsche Beteiligungs AG (DB:DBAN:$88.86)
Deutsche Beteiligungs AG ("DBAG") is a leading German private equity company. Since 1965, DBAG has been a preferred partner for equity funding of successful companies whose products and services have made them leaders in their markets. "
target: ZGS Schülerhilfe GmbH
ZGS Schülerhilfe GmbH is the largest provider of private tutoring services in Germany and Austria with 1,050 company-owned and franchised centres operating under the name of “Schülerhilfe”.
price ($mm)
rev ($mm)
$57
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 8/13/2013 via PR Web

California Tutor Network merged with WebWise Tutors,

synopsis: WebWiseTutors, LLC, a premier provider of online tutoring services, is pleased to announce a merger with California Tutor Network, Inc., a leading online tutoring solution in California. WebWise Tutors is now in a unique position to take advantage of the thriving online tutoring industry.
buyer: WebWise Tutors
WebWise Tutors offers a full array of online tutoring services to elementary, special education, middle school and high school students, as well as post-secondary, international, military and adult learners. "
target: California Tutor Network
California Tutor Network is a leading provider of online tutoring solutions in California.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/2/2013 via Yahoo, Inc.

New York Tutor Company, acquired New York Tutor Company

synopsis: Andrew Stone acquired control of 88.89% of New York Tutor Company's total issued and outstanding common stock. New York Tutor Company offers tutoring services in New York City. It provides private sessions and group sessions for various subjects, including history, language arts, mathematics, science, and social sciences.
buyer: New York Tutor Company
New York Tutor Company offers tutoring services in New York City. It offers private tutoring sessions, as well as small group sessions. It offers a wide range of academic subjects, including US, World, European and Art History, and Social Studies, as well as Language Arts, Mathematics, and Science. "
target: New York Tutor Company
New York Tutor Company offers tutoring services in New York City. It offers private tutoring sessions, as well as small group sessions. It offers a wide range of academic subjects, including US, World, European and Art History, and Social Studies, as well as Language Arts, Mathematics, and Science.
price ($mm)[EV]
$0.02 [$0.08]*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/7/2008 via

JMI Equity Fund, will acquire Catapult Learning LLC

synopsis: JMI Equity acquired a stake in Catapult Learning LLC, a Philadelphia-based provider of tutoring and other supplemental education services to public, private and parochial schools.
buyer: JMI Equity Fund
JMI Equity, based in San Diego and Baltimore, is a private equity firm exclusively focused on investments in the software and business services industries. "
target parent: Sterling Capital, Ltd.
target: Catapult Learning LLC
Catapult Learning is the nation’s leading provider of educational services to public, private and religious schools. Catapult Learning partners with educational institutions to provide publicly funded services that are designed to improve academic achievement for struggling students.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/14/2007 via PR Newswire

Citigroup Inc., Sterling Capital, Ltd., acquired Educate, Inc.

synopsis: Educate, Inc., a leading pre-K-12 education company delivering supplemental education services and products to students and their families, announced that it has completed the merger in which Educate was acquired by a group of investors including certain members of management and affiliates of Sterling Capital Partners and Citigroup Private Equity.
buyer: Sterling Capital, Ltd.
buyer: Citigroup Inc. (C:$63,902.00)
Sterling Partners is a multifaceted private equity firm focusing on buyouts, venture capital and real estate. Sterling Partners specializes in investments in education, healthcare, business services, direct marketing, specialty manufacturing and distribution, and technology companies. "
target parent: Apollo Advisors, L.P.
target: Educate, Inc.
Educate, Inc., is a leading pre-K-12 education company delivering supplemental education services and products to students and their families. Educate's consumer services business, Sylvan Learning Center, is North America's best-known and most trusted tutoring brand.
price ($mm)
$517
rev ($mm)
$351
EBITDA ($mm)
$40
EV / rev
1.5x
EV / EBITDA
13.1x
closed 8/30/2006 via PR Newswire

Knowledge Learning Corporation, Inc., acquired Education Station LLC

synopsis: Knowledge Learning Corporation, a prominent national education company delivering before- and after-school educational enrichment programs through its School Partnerships Division, announced its acquisition of Education Station, LLC, one of the leading providers of No Child Left Behind supplemental educational services.
buyer parent: Knowledge Universe, Inc.
buyer: Knowledge Learning Corporation, Inc.
Knowledge Learning Corporation is a leading provider of early childhood education programs and services operating under several names, including Children's Discovery Center, Knowledge Beginnings and Magic Years. "
target parent: Educate, Inc.
target: Education Station LLC
Education Station is the nation's leading provider of No Child Left Behind Act (NCLB) supplemental educational services (SES) for schools and school districts.
price ($mm)
$6.00
rev ($mm)
$33
EBITDA ($mm)
EV / rev
0.2x
EV / EBITDA
announced 1/13/2005 via PR Newswire

Educate, Inc., will acquire Gateway Learning Corporation

synopsis: Educate, Inc. EEEE, a leading pre-K-12 education services company and parent of Sylvan Learning Centers and Catapult Learning, today announced it has signed a definitive agreement to purchase all of the stock of Gateway Learning Corporation, which owns Hooked on Phonics.
buyer parent: Sterling Capital, Ltd.
buyer: Educate, Inc.
Educate, Inc., is a leading pre-K-12 education company delivering supplemental education services and products to students and their families. Educate's consumer services business, Sylvan Learning Center, is North America's best-known and most trusted tutoring brand. "
target: Gateway Learning Corporation
Hooked on Phonics is back. After filing for bankruptcy protection in 1995, the learn-to-read program was resurrected as Gateway Learning by chairman Chip Adams. As a partner in Rosewood Capital, Adams helped bring in money to retool the program with the assistance of teachers, writers, artists, and
price ($mm)
$20
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/6/2019 via PR Newswire

Penn Foster Inc., acquired Ashworth College

synopsis: Penn Foster, which partners with leading employers to attract, develop, and retain talent for middle-skill jobs, announced its acquisition of Ashworth College, an accredited online institution offering degree and certificate programs in fast-growing fields, as well as high school diplomas.
buyer parent: Bain Capital
buyer: Penn Foster Inc. (REVU:$188.75)
Penn Foster helps individuals develop the skills they need to pursue purposeful, and productive careers through affordable diploma, certificate and degree programs. Their digital and blended learning programs are delivered in a self-paced model along with personalized academic and career coaching. "
target parent: Sterling Partners
target: Ashworth College
Ashworth College is a nationally-accredited online institution that provides flexible and affordable education to students located around the world. Areas of study include more than 145 career-focused programs in the high-demand fields of healthcare, technology, business, creative services and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/30/2018 via BusinessWire

TPG Growth, acquired Q-Centrix

synopsis: TPG Growth, the global middle market and growth equity platform of alternative asset firm TPG, announced it has closed its acquisition of Q-Centrix, a leading provider of outsourced quality data management solutions for hospital and healthcare providers.
buyer parent: TPG Capital
buyer: TPG Growth
TPG Growth is the middle market and growth equity investment platform of TPG, the global alternative asset firm. With approximately $13.5 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies. "
target parent: Sterling Partners
target: Q-Centrix
Q-Centrix aims to measurably improve the quality and safety of patient care in the U.S. through the use of its market-leading technology platform, Q-Apps®, that augments the clinical intelligence and efficiency of the industry’s largest team of nurse-educated, Quality Information Specialists.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/6/2017 via BNC Analysis

Sylvan Learning, acquired Citelighter

synopsis: Sylvan Learning, the Hunt Valley, Md.-based operator of a nationwide franchise of tutoring centers, has acquired education technology startup, Citelighter. Founded in 2011, Citelighter offers a browser-based tool that aims to increase students’ writing competency.
buyer parent: Sterling Partners
buyer: Sylvan Learning
With more than 35 years of experience and more than 650 locations throughout North America, Sylvan Learning is the leading provider of personal learning for students in grades K-12. Sylvan is transforming how students learn, inspiring them to succeed in school and in life. "
target: Citelighter
Founded in 2011, Citelighter offers a browser-based tool that aims to increase students’ writing competency. The product features a series of scaffolds designed to guide learners through the steps involved in researching, organizing, drafting and editing a writing assignment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/5/2015 via BNC Analysis

Keypath Education, Inc., acquired GlobalHealth Education and Training, L.L.C.

synopsis: Keypath Education, the online degree enablement firm, has announced the acquisition of GlobalHealth Education, a provider of online health courses based in the US.
buyer parent: Sterling Partners
buyer: Keypath Education, Inc.
Keypath Education, formerly known as PlattForm, serves the entire student journey and partner with higher education institutions worldwide to launch programs, grow enrollment, improve learning and connect education to careers for the world’s most prepared students. "
target: GlobalHealth Education and Training, L.L.C.
GlobalHealth Education (GHE) provides access to online healthcare related degrees for employees and members of healthcare companies and associations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/25/2015 via PR Newswire

Nord Anglia Education, Inc., purchased Six Schools from Meritas LLC

synopsis: Nord Anglia Education, Inc., the world's leading operator of premium schools, is pleased to announce that it completed its acquisition of six schools from Meritas, LLC. Meritas is a worldwide family of elite college-preparatory schools that provides highly personalized education to more than 11,500 students.
buyer: Nord Anglia Education, Inc. (NORD:$907.80)
Nord Anglia Education, Inc. is the world's leading international operator of premium schools, serving students from kindergarten through the end of secondary school (K-12). They teach over 18,500 FTEs at their 29 premium schools in China, Europe, the Middle East and Southeast Asia and North America."
seller parent: Sterling Partners
seller: Meritas LLC
Meritas is a worldwide family of elite college-preparatory schools that provides highly personalized education to more than 11,500 students at their ten private schools and boarding schools across the globe.
price ($mm)
$575
rev ($mm)
$213
EBITDA ($mm)
$50
EV / rev
2.7x
EV / EBITDA
11.4x
closed 12/22/2014 via BusinessWire

Worldpay Group, acquired SecureNet Payment Systems

synopsis: Worldpay, a global provider of payments technology and services to merchants, partners and developers, announced it has officially closed its acquisition of SecureNet Payment Systems from private equity firm Sterling Partners. SecureNet pioneered the payment industry's cloud-based solution to integrate POS, mobile, and eCommerce payment processing.
buyer parent: Worldpay Group
buyer: Worldpay Group (WP:$4,044.70)
WorldPay is a global card payment acquiring business which allows customers to accept card payments both at point of sale and over the internet. WorldPay offers services across the entire payment value chain, including transaction capturing, merchant acquiring and transaction processing. "
target parent: Sterling Partners
target: SecureNet Payment Systems
SecureNet is a direct payment processor that delivers cost effective solutions by passing on significant cost savings to merchants and partners. Processing billions in annual transaction volume, SecureNet enables universal commerce for over 17,000 merchants and many well-known brand name partners.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/4/2014 via PR Web

PlattForm Holdings, Inc., acquired Seelio

synopsis: PlattForm, a marketing and enrollment management partner for colleges and universities worldwide, announced the acquisition of Seelio, a service-based student portfolio solution for higher education institutions, that offers a student life cycle approach that spans from enrollment to career placement while delivering optimal student outcomes.
buyer parent: Sterling Partners
buyer: PlattForm Holdings, Inc.
Since 1989, PlattForm has set the standard of excellence in providing marketing services and enrollment solutions for colleges and universities, worldwide. Its specialties include search engine marketing; interactive lead generation; online marketing; and more. "
target: Seelio
Seelio is an educational service and technology company based in Ann Arbor, Michigan, that partners with universities to deliver a greater value to students through the use of rich, multimedia online portfolios. Students are able to easily and beautifully capture their works, projects and passions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/28/2013 via Company Press Release

Infilaw Corp., will acquire The Charleston School of Law

synopsis: The Charleston School of Law will join the InfiLaw consortium of for-profit law schools. The owners of the law school announced that they have reached a preliminary agreement to sell to The InfiLaw System. The Charleston School of Law, LLC is an educational institution.
buyer parent: Sterling Partners
buyer: Infilaw Corp.
The InfiLaw System is a consortium of independent, community based law schools that is establishing itself as a leader in making legal education more responsive to the realities of new career dynamics. "
target: The Charleston School of Law
The Charleston School of Law, LLC is an educational institution that offers a full-time and part-time course of study leading to a Juris Doctor (J.D.) degree. The Charleston School of Law, LLC was formerly known as The Forensic Club.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/8/2013 via PR Web

PlattForm Holdings, Inc., acquired MJD Consultancy Ltd

synopsis: PlattForm has acquired MJD, a United Kingdom-based education marketing company. The purchase allows PlattForm to offer services to MJD’s existing clients and extend its operations to include new institutions of higher education in the UK, as well as Australia, Canada, China, Denmark, France, and many other countries.
buyer parent: Sterling Partners
buyer: PlattForm Holdings, Inc.
PlattForm Advertising has set the standard of excellence in providing marketing services and enrollment solutions for colleges and universities, worldwide. Specialties include search engine marketing; interactive lead generation; online marketing; traditional media placement and creative services. "
target: MJD Consultancy Ltd
MJD Consultancy Ltd provides education marketing expertise and advertising services for international and domestic student recruitment to institutions around the world.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/9/2013 via BusinessWire

Sterling Partners, acquired PlattForm Holdings, Inc.

synopsis: Sterling Partners, a growth-oriented private equity firm with a long history of successful investing in the education sector, has acquired PlattForm Advertising, a leading provider of comprehensive marketing and enrollment-management services to colleges and universities.
buyer: Sterling Partners
Sterling Partners is a private equity firm with a distinct point of view on how to build great companies. Sterling focuses on investing growth capital in small and mid-market companies in industries with positive, long-term trends – education, healthcare, and business services. "
target parent: Arlington Capital Partners
target: PlattForm Holdings, Inc.
PlattForm Advertising has set the standard of excellence in providing marketing services and enrollment solutions for colleges and universities, worldwide. Specialties include search engine marketing; interactive lead generation; online marketing; traditional media placement and creative services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/8/2013 via BusinessWire

Sterling Partners, acquired Spartan College of Aeronautics and Technology

synopsis: Sterling Partners, a leading growth-oriented private equity firm with approximately $5 billion of assets under management, has acquired Spartan College of Aeronautics and Technology, a prominent aviation-maintenance school for training pilots, aviation technicians and nondestructive testing (NDT) professionals.
buyer: Sterling Partners
Sterling Partners is a private equity firm with a distinct point of view on how to build great companies. Sterling focuses on investing growth capital in small and mid-market companies in industries with positive, long-term trends – education, healthcare, and business services. "
target: Spartan College of Aeronautics and Technology
Founded in 1928, Spartan College of Aeronautics and Technology of Tulsa, Okla., provides hands-on training in aviation maintenance, avionics, nondestructive testing and quality control. Students can graduate from Spartan’s programs in anywhere from 12 to 23 months with high-demand skills.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/7/2013 via BusinessWire

Language Line Services, acquired Pacific Interpreters, Inc.

synopsis: Language Line Services, the number one provider of interpretation and translation services across all types of businesses, announced it has acquired competitor Pacific Interpreters, a nearly $50 million provider of language services to the healthcare industry, from private equity firm Sterling Partners.
buyer parent: ABRY Partners, LLC
buyer: Language Line Services
Language Line Services, the global leader in telephone interpreting and language solutions, serves clients in government, healthcare, telecommunications, financial services, utilities, insurance and many other industries. "
target parent: Sterling Partners
target: Pacific Interpreters, Inc.
Pacific Interpreters provides language services helping to eliminate language barriers for Limited English Proficient and Deaf individuals. It provides telephonic interpreting, regional onsite interpreting—including support for American Sign Language—document translation, and expert consulting.
price ($mm)
rev ($mm)
$50
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 7/30/2012 via PR Web

Pacific Interpreters, Inc., acquired Fluent Language Solutions, Inc.

synopsis: Pacific Interpreters, Inc. announced it has combined forces with North Carolina-based Fluent Language Solutions, Inc., a comprehensive language services provider offering face-to-face, over-the-phone and video interpreting, as well as translation services, to more than 1,700 customers.
buyer parent: Sterling Partners
buyer: Pacific Interpreters, Inc.
Pacific Interpreters, Inc. is a comprehensive language services provider, helping to eliminate language barriers for Limited English Proficient individuals by offering telephonic interpreting 24/7/365 in over 180 languages, fast and accurate document translation, and expert consulting. "
target: Fluent Language Solutions, Inc.
Fluent Language Solutions, Inc. is one of the largest full-service language services providers in the country. The company serves over 1,700 clients in the healthcare, government services, legal, educational, and corporate communities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/5/2012 via PE Hub

Sterling Partners, acquired Tribeca Flashpoint Media Arts Academy

synopsis: Sterling Partners has acquired a majority stake in Tribeca Flashpoint Media Arts Academy (TFA), Chicago’s premier digital media arts college. TFA has gained national prominence for providing students real-world, hands-on projects using cutting-edge digital technology in a two-year, career-focused program.
buyer: Sterling Partners
Sterling Partners is a private equity firm with a distinct point of view on how to build great companies. Sterling focuses on investing growth capital in small and mid-market companies in industries with positive, long-term trends – education, healthcare, and business services. "
target: Tribeca Flashpoint Media Arts Academy
Tribeca Flashpoint Media Arts Academy, Chicago’s premier digital media arts college, offers a two-year, career-focused program leading to an associate degree in disciplines including Film & Broadcast, Game & Interactive Media, Recording Arts, Animation & Visual Effects and, most recently,
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/12/2012 via PR Newswire

PlattForm Holdings, Inc., purchased Strategic Website Properties from Guider Media

synopsis: PlattForm, a leading Internet marketing and enrollment solutions provider for the postsecondary education industry announced that it acquired numerous website properties from Guider Media. The websites involved in the acquisition predominantly serve online- and graduate-focused higher learning institutions offering advanced degree programs.
buyer parent: Sterling Partners
buyer: PlattForm Holdings, Inc.
PlattForm Advertising is a direct response agency specializing in postsecondary education marketing. Its services includes interactive inquiry generation; website marketing; digital media; search engine marketing; social media; media placement; and creative services, print and video production. "
seller parent: Investment AB Kinnevik
seller: Guider Media
Guider Media owns and operates more than a dozen websites that are leaders in their vertical markets and organically attract a large amount of visitors on a monthly basis. Many of these sites are reference guides for web users and have very strong community participation.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/6/2011 via BNC Analysis

Meritas LLC, acquired Claremont Preparatory School

synopsis: The Meritas Family of Schools announced that Claremont Preparatory School in lower Manhattan has joined their college-preparatory family of schools, becoming the 10th school in a network of over 11,500 students around the globe, including schools in Europe, Asia, Latin America and North America.
buyer parent: Sterling Partners
buyer: Meritas LLC
Meritas is a worldwide family of college-preparatory schools that provides highly personalized education to more than 11,500 students at its ten schools across the globe. "
target: Claremont Preparatory School
Claremont Claremont Preparatory School was founded in 2005 as a challenging and supportive academic environment in which students can become independent thinkers and competent decision makers who are excited to learn and prepared to live in today's world.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/7/2009 via BusinessWire

Sterling Capital, Ltd., acquired The Paul Green School of Rock Music

synopsis: The Paul Green School of Rock Music (or “School of Rock”), recognized for changing the way music is taught in America, announced that it has received a growth capital investment from Sterling Partners.
buyer: Sterling Capital, Ltd.
Sterling Partners is a multifaceted private equity firm focusing on buyouts, venture capital and real estate. Sterling Partners specializes in investments in education, healthcare, business services, direct marketing, specialty manufacturing and distribution, and technology companies. "
target: The Paul Green School of Rock Music
The Paul Green School of Rock Music is the original and premier performance-based rock music school in the country for kids.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/7/2008 via

JMI Equity Fund, will acquire Catapult Learning LLC

synopsis: JMI Equity acquired a stake in Catapult Learning LLC, a Philadelphia-based provider of tutoring and other supplemental education services to public, private and parochial schools.
buyer: JMI Equity Fund
JMI Equity, based in San Diego and Baltimore, is a private equity firm exclusively focused on investments in the software and business services industries. "
target parent: Sterling Capital, Ltd.
target: Catapult Learning LLC
Catapult Learning is the nation’s leading provider of educational services to public, private and religious schools. Catapult Learning partners with educational institutions to provide publicly funded services that are designed to improve academic achievement for struggling students.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/14/2007 via PR Newswire

Citigroup Inc., Sterling Capital, Ltd., acquired Educate, Inc.

synopsis: Educate, Inc., a leading pre-K-12 education company delivering supplemental education services and products to students and their families, announced that it has completed the merger in which Educate was acquired by a group of investors including certain members of management and affiliates of Sterling Capital Partners and Citigroup Private Equity.
buyer: Sterling Capital, Ltd.
buyer: Citigroup Inc. (C:$63,902.00)
Sterling Partners is a multifaceted private equity firm focusing on buyouts, venture capital and real estate. Sterling Partners specializes in investments in education, healthcare, business services, direct marketing, specialty manufacturing and distribution, and technology companies. "
target parent: Apollo Advisors, L.P.
target: Educate, Inc.
Educate, Inc., is a leading pre-K-12 education company delivering supplemental education services and products to students and their families. Educate's consumer services business, Sylvan Learning Center, is North America's best-known and most trusted tutoring brand.
price ($mm)
$517
rev ($mm)
$351
EBITDA ($mm)
$40
EV / rev
1.5x
EV / EBITDA
13.1x
closed 10/2/2006 via

MetroGroup Corp., acquired Proficient Data

synopsis: MetroGroup, a leading national provider of direct marketing services, announced that it has acquired Proficient Data, a leader in transaction document management, production and mailing services for more than 15 years.
buyer parent: Sterling Capital, Ltd.
buyer: MetroGroup Corp.
MetroGroup is a leading provider of direct mail production, printing, statement processing, packaging and fulfillment solutions to results-focused businesses and marketing organizations. "
target: Proficient Data
Proficient Data has been a leader in transaction document management, production and mailing services for more than 15 years. Its state-of-the-art, file-based document processing system allows for page-level tracking, providing optimal control over the integrity of each mail piece.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/10/2021 via Company Press Release

Airwallex, acquired UniCard Solution Limited

synopsis: Airwallex, a global fintech platform, announced it has completed the acquisition of UniCard Solution Limited, a provider of one-stop secured money transfer solutions for businesses and individual customers.
buyer: Airwallex
Airwallex, based in Hong Kong, is offering a global financial cloud to empower businesses to grow without borders, providing a one-stop shop for payments, collections, FX, cards and other value-add solutions for SMEs, and an API for larger businesses requiring customization. "
target: UniCard Solution Limited
UniCard, based in Hong Kong, offers one-stop secured money transfer solutions for businesses and individual customers. Their customer's money is always protected by them. Constantly, they are building alliances with banking and processing partners to provide customers with preferred operations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/23/2020 via PR Newswire

Future FinTech Group Inc., will acquire Spondula

synopsis: Future FinTech Group Inc., a leading blockchain technology R&D and application company based in China, will acquire a 51% stake in Spondula, a global banking and money transfer platform that serves both individuals and businesses. Spondula's mobile app allows users to seamlessly pay anyone and instantly receive payments from anywhere globally.
buyer: Future FinTech Group Inc. (FTFT:$0.85)
Future FinTech Group Inc. (FTFT) is a leading blockchain technology R&D and application company based in China. FTFT's operations include a blockchain-based online shopping mall platform, a cross-border e-commerce platform, and an incubator for blockchain based application projects. "
target: Spondula
Spondula is a global banking and money transfer platform that serves both individuals and businesses. Spondula offers free accounts and private banking services. Their mobile app allows users to seamlessly pay anyone and instantly receive payments from anywhere globally.
price ($mm)
$3.06*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/2/2020 via BusinessWire

Morgan Stanley, acquired E-Trade Financial Corp.

synopsis: Morgan Stanley has acquired E*TRADE, a leading financial services company. The E*TRADE Financial family of companies provides financial services, including trading, investing, banking, and managing employee stock, securities products and services, commodity futures and options, student loan benefit plans, and more.
buyer: Morgan Stanley (MS:$45,415.00)
Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 43 countries, the Firm's employees serve clients worldwide including corporations, governments and individuals. "
target: E-Trade Financial Corp. (ETFC:$2,937.00)
The E*TRADE Financial family of companies provides financial services, including trading, investing, banking, and managing employee stock, securities products and services, commodity futures and options, student loan benefit plans, and more.
price ($mm)
$13,132
rev ($mm)
$2,937
EBITDA ($mm)
EV / rev
4.5x
EV / EBITDA
announced 1/22/2020 via BNC Analysis

Speqta AB, will acquire Eone Oy

synopsis: Speqta AB (publ), a performance marketing company in Sweden, will acquire Eone Oy, a Finnish fintech company. Eone operates Rahalaitos.fi, Finland’s largest online loan brokerage platform. Rahalaitos.fi allows users to easily apply for private loans, car loans and business loans.
buyer: Speqta AB (OM:SPEQT:$10.29)
Speqta is a performance marketing company in Sweden. Speqta is a digital media house that owns and operates a leading international advertising network as well as several digital products and services within the performance-based marketing of e-commerce stores. "
target: Eone Oy
Eone is a Finnish fintech company. Eone operates Rahalaitos.fi, Finland’s largest online loan brokerage platform. Rahalaitos.fi allows users to easily apply for private loans, car loans and business loans. Their platform competes with up to 25 loan providers to offer their users the best loan offer.
price ($mm)
$26
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/8/2018 via BNC Analysis

CurrencyFair Ltd, acquired Convoy Payments

synopsis: CurrencyFair, a provider of International Money Transfer services, has acquired Hong Kong based, Convoy Payments Limited, a subsidiary of Convoy Global Holdings Limited. Convoy Payments Limited is a licensed money service operator (MSO), regulated in Hong Kong capable of performing money exchange and remittance business.
buyer: CurrencyFair Ltd
CurrencyFair is a provider of International Money Transfer services to consumers and businesses worldwide. Send money with a better exchange rate and avoid excessive fees. They are based in Dublin, Ireland. "
target parent: Convoy Financial
target: Convoy Payments
Established in 2016, Convoy Payments Limited is a licensed money service operator (MSO), regulated in Hong Kong capable of performing money exchange and remittance business.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/19/2017 via BNC Analysis

FAIRFX Group Plc, will acquire Q Money Limited

synopsis: FairFX Group Plc, the low cost multicurrency payments service, has announced that it has agreed to acquire the entire issued ordinary share capital of Q Money Limited with its associated e-money licence. Q Money Limited offers digital business banking services.
buyer: FAIRFX Group Plc (AIM:FFX:$824.35)
FAIRFX is an international payment services provider, offering services to customers in the UK since 2007. "
target: Q Money Limited
Q Money Limited offers digital business banking services.
price ($mm)
$0.52
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/17/2016 via BNC Analysis

Escrow.com, Inc., acquired Escrow Angel Pty Ltd

synopsis: Escrow.com, the leading licensed and independent online escrow service, announced the acquisition of Australian online escrow service Escrow Angel and its automotive brand Protecti. Escrow Angel was founded by Simon Lenton back in 2012, and operated in Australia.
buyer parent: Freelancer Ltd
buyer: Escrow.com, Inc.
Escrow.com reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disperses funds when both Buyers and Sellers are satisfied. "
target: Escrow Angel Pty Ltd
Escrow Angel is a privately owned company based in Sydney, Australia. They have established themselves as the leading provider of online escrow and transaction management services in Australia and beyond.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/17/2016 via Market Wire

Blockchain Tech LTD, will acquire XapCash

synopsis: BTL GROUP LTD.announced that it has entered into a binding letter of intent with Xapcash Technologies Inc. to complete a business combination. XapCash is an innovative remittance company that streamlines worldwide money transfers by dramatically improving upon existing Pre and Post-Fund Remittance Models with the use of Blockchain Technologies.
buyer: Blockchain Tech LTD (TSXV:BTL:$0.00)
BTL is a technology company whose current business is focused on developing blockchain technologies to disrupt and transform existing industries. Technology is developed in-house and through BTL's incubator and accelerator programs, based in Vancouver, British Columbia. "
target: XapCash
XAPCASH is an innovative remittance company that streamlines worldwide money transfers by dramatically improving upon existing Pre and Post-Fund Remittance Models with the use of Blockchain Technologies.
price ($mm)
$0.11
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/21/2014 via GlobeNewswire

Euronet Worldwide, Inc., acquired HiFX

synopsis: Euronet Worldwide, Inc., a leading global electronic payments provider and distributor, announced it has completed the acquisition of U.K.-based HiFX, a fast-growing provider of online initiated international payments and foreign exchange services.
buyer: Euronet Worldwide, Inc. (EEFT:$2,491.89)
Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers. "
target: HiFX
HiFX is one of the largest and best known international money transfer specialists in the U.K. and Australasia with a reputation for consistently offering highly competitive, bank-beating exchange rates to both private individuals and businesses alike.
price ($mm)
$169
rev ($mm)
$64
EBITDA ($mm)
$18
EV / rev
3.8x
EV / EBITDA
13.3x
announced 6/15/2011 via PR Newswire

Ready Financial Group, Inc. will be merged with AccountNow, Inc.,

synopsis: Jim Jones, CEO of AccountNow, Inc., announced that the AccountNow Board of Directors has approved a merger with Ready Financial Group, Inc., Nampa, Idaho. Ready Financial Group builds and markets general purpose and special purpose debit card products for consumers and commercial customers.
buyer: AccountNow, Inc.
AccountNow, Inc., San Ramon, California, has rapidly grown its reloadable consumer prepaid debit card business, to more than $2 billion dollars in annual transaction volume, by offering features and benefits traditionally reserved for customers with banking relationships. "
target: Ready Financial Group, Inc.
Ready Financial Group, Inc. builds and markets general purpose and special purpose debit card products for consumers and commercial customers. The company was formed in 2007, and its principals previously had responsibilities for Capital One card marketing and collection programs.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/7/2010 via PR Newswire

Jack Henry & Associates, Inc., acquired iPay Technologies, LLC

synopsis: Jack Henry & Associates, Inc., a leading provider of integrated technology solutions and data processing services for financial institutions, announced that it has closed the transaction initiated to acquire iPay Technologies. iPay currently operates as the largest independent electronic bill pay provider in the United States.
buyer: Jack Henry & Associates, Inc. (JKHY:$1,714.10)
Jack Henry & Associates is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions are marketed and supported through three primary brands: Jack Henry Banking, Symitar and ProfitStars. "
target: iPay Technologies, LLC
iPay Technologies provides online bill payment solutions and unmatched service to more banks and credit unions than any other bill payment provider. That includes more than half of the nation's credit unions and nearly 40 percent of the nation's community banks that use bill payment software.
price ($mm)
$301
rev ($mm)
$46
EBITDA ($mm)
$18
EV / rev
6.6x
EV / EBITDA
16.4x
closed 2/11/2010 via Company Press Release

Barclays PLC, purchased Italian Credit Card Business from Citi

synopsis: Barclays has agreed to acquire the Italian credit card business of Citibank International Bank plc. Over time, Barclays intends to rebrand the acquired credit cards with its global Barclaycard brand.
buyer: Barclays PLC (LSE:BARC:$25,009.44)
Barclays is a major global financial services provider engaged in retail and corporate banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the Americas, Africa and Asia. "
seller: Citi (C:$63,902.00)
Citi is the most complete financial partner to corporations, financial institutions, institutional investors and governments in the world. Citi also provides a broad range of financial products and services to individuals through brand names including Citi Smith Barney, Citibank, and Banamex.
price ($mm)
$295
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/28/2021 via GlobeNewswire

Worldline, will acquire Cardlink

synopsis: Worldline, a global leader in the payments industry, is to acquire 92.5% of the share capital of Cardlink, the leading Network Services Provider in Greece. Cardlink operates more than 260,000 devices providing fast and secure services to merchants and consumers in their day to day payment transactions.
buyer: Worldline (PA:WLN.AS:$3,348.93)
Worldline is the European leader in the payments and transactional services industry. Worldline delivers new-generation services, enabling its customers to offer smooth and innovative solutions to the end consumer. "
target: Cardlink
Cardlink was founded in 2004 and is the largest Network Service Provider in Greece. Cardlink operates more than 260,000 devices providing fast and secure services to merchants and consumers in their day to day payment transactions.
price ($mm)
$175*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/11/2020 via BNC Analysis

MasterCard Incorporated, will acquire Wameja Ltd.

synopsis: Mastercard Inc., through its subsidiary Burst Acquisition Co. Pty. Ltd., is to acquire Wameja, a joint venture partner of the HomeSend global payment hub. HomeSend enables cross-border transfer between bank accounts, cards, mobile wallets, or cash outlets from anywhere in the world.
buyer: MasterCard Incorporated (MA:$15,301.00)
MasterCard is a technology company in the global payments industry. Mastercard's global payments processing network connects consumers, financial institutions, merchants, governments, and businesses in more than 210 countries and territories. "
target: Wameja Ltd.
Wameja and Mastercard are joint venture partners of the HomeSend global payment hub. HomeSend enables cross-border transfer between bank accounts, cards, mobile wallets, or cash outlets from anywhere in the world.
price ($mm)[EV]
$129 [$125]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/21/2020 via BNC Analysis

PagSeguro, acquired Wirecard Brazil S.A

synopsis: Following a scandal of tampered accounting books, the dismantling of German Wirecard’s global operations has begun. PagSeguro announced it has acquired Wirecard’s operations in Brazil. Wirecard is the global leader in innovation for digital financial technology.
buyer: PagSeguro
PagSeguro is an online or mobile payment-based e-commerce service for commercial operations. As a company owned by the Folha/UOL Group – the Brazilian internet leader – PagSeguro operates as an issuer, acquirer and offers digital accounts. "
target parent: Wirecard AG
target: Wirecard Brazil S.A
Wirecard is the global leader in innovation for digital financial technology. As one of the world’s fastest growing digital platforms in the area of financial commerce, it provides businesses and end customers alike with a constantly expanding ecosystem of real-time value-added services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/24/2020 via BNC Analysis

Merpay, will acquire Origami Inc.

synopsis: Tokyo-based Merpay, the mobile payments unit of community-based shopping app Mercari, has reached an agreement to acquire all shares in rival Origami, a Tokyo-based start up offering a mobile shopping experience which bridges online and offline.
buyer parent: Mercari
buyer: Merpay
Tokyo-based Merpay is the mobile payments unit of community-based shopping app Mercari. "
target: Origami Inc.
Origami is a Tokyo-based start up offering a mobile shopping experience which bridges online and offline. Origami offers a mobile payments platform which allows retailers to connect, communicate and market to new and existing customers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/30/2019 via BNC Analysis

PayPal, Inc., acquired GoPay

synopsis: PayPal has acquired 70% equity of GoPay (Guofubao Information Technology Co. [GoPay], Ltd.), which will make PayPal the first foreign payment platform to provide online payment services in China. GoPay is a technology and financial comprehensive service platform based on third-party payment.
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal’s digital payments platform gives active account holders the confidence to connect and transact in powerful ways, whether online, on mobile, in app, or in person. PayPal creates ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. "
target: GoPay
Founded in January 2011, GoPay (Guofubao Information Technology Co., Ltd.) is a technology and financial comprehensive service platform based on third-party payment. Guofubao now has online payment products, mobile payment products and financial services for B2B/B2C.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/8/2019 via BusinessWire

Visa, Inc., acquired Earthport plc

synopsis: Visa Inc. announced it has acquired control of Earthport, a company that provides cross-border payment services to banks, money transfer service providers and businesses via the world’s largest independent ACH network.
buyer: Visa, Inc. (V:$21,846.00)
Visa Inc. is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. "
target: Earthport plc (EPCUF.PK:$42.04)
Earthport provides cross-border payment services to banks, money transfer service providers and businesses via the world’s largest independent ACH network. Customers gain new levels of predictability, transparency and cost-efficiency without intermediary deductions or landing fees.
price ($mm)[EV]
$296 [$266]
rev ($mm)
$41
EBITDA ($mm)
EV / rev
6.9x
EV / EBITDA
closed 7/31/2019 via BNC Analysis

Worldpay Group merged with FIS,

synopsis: FIS, a global provider dedicated to financial technology solutions, has acquired Worldpay, Inc., creating a global leader in technology and solutions for merchants, banks, and capital markets. Worldpay is a leading payments technology company with a unique capability to power global omni-commerce.
buyer parent: Fidelity National Financial
buyer: FIS (FIS:$9,241.00)
FIS is a global provider dedicated to financial technology solutions. FIS software, services, consulting and outsourcing solutions are focused on retail and institutional banking, payments, asset and wealth management, risk and compliance, trade enablement, transaction processing and record-keeping."
target: Worldpay Group (WP:$4,044.70)
Worldpay is a leading payments technology company with unique capability to power global omni-commerce. With an integrated technology platform, Worldpay offers a comprehensive suite of products and services, delivered globally through a single provider.
price ($mm)[EV]
$35,170 [$42,869]
rev ($mm)
$3,925
EBITDA ($mm)
$1,548
EV / rev
11.0x
EV / EBITDA
28.0x
closed 7/9/2019 via BusinessWire

MasterCard Incorporated, acquired Transfast

synopsis: Mastercard, a technology company in the global payments industry, has acquired Transfast, a global cross-border account-to-account money transfer network. Transfast will enable Mastercard to continue servicing the growing needs of consumers and businesses as well as governments and merchants in cross-border transactions.
buyer: MasterCard Incorporated (MA:$15,301.00)
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. "
target: Transfast
Transfast is a global cross-border account-to-account money transfer network. Transfast's proprietary payment network enables person-to-person, business-to-person and business-to-business payments services to their partners via APIs, SFTP, web and mobile product applications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

Like Educate, Inc.


read more

Educate, Inc.

TutorVista

Explore Learning Ltd

TutorVista

Mentor Danmark ApS

Mana.bo

Studienkreis

Kyodai Seminar Kubojuku Co., Ltd.

Shonan Seminar Co., Ltd.

Schülerhilfe

Alpha Corporation Co., Ltd.

TutaPoint

Firstleap Education

tutoria GmbH

Tutorpedia

Xueda Education Group

University Instructors

ZGS Schülerhilfe GmbH

California Tutor Network

New York Tutor Company

read more

Catapult Learning LLC

Educate, Inc.

Education Station LLC

Gateway Learning Corporation

read more

Ashworth College

Q-Centrix

Citelighter

GlobalHealth Education and Training, L.L.C.

Meritas LLC

SecureNet Payment Systems

Seelio

The Charleston School of Law

MJD Consultancy Ltd

PlattForm Holdings, Inc.

Spartan College of Aeronautics and Technology

Pacific Interpreters, Inc.

Fluent Language Solutions, Inc.

Tribeca Flashpoint Media Arts Academy

Guider Media

Claremont Preparatory School

The Paul Green School of Rock Music

Catapult Learning LLC

Educate, Inc.

Proficient Data

read more

UniCard Solution Limited

Spondula

E-Trade Financial Corp.

Eone Oy

Convoy Payments

Q Money Limited

Escrow Angel Pty Ltd

XapCash

HiFX

Ready Financial Group, Inc.

iPay Technologies, LLC

Citi

Cardlink

Wameja Ltd.

Wirecard Brazil S.A

Origami Inc.

GoPay

Earthport plc

Worldpay Group

Transfast

Geography
Matching Companies
Ticker: TAL
 
 
 
 
 
 
 
 
TAL Education Group
TAL Education Group
Tomorrow Advancing Life (TAL) is a leading education and technology enterprise in China. Since its establishment, TAL is committed to integrating technologies and the Internet into education, to deliver a better study experience for children through K-12.
year
2018
rev ($mm)
$2,340.52
EBITDA ($mm)
$372.20
EBIT ($mm)
$293.75
Net Income ($mm)
$337.16
Employees
28637
  • drill down
  • watch
Ticker: TSE:4668
 
 
 
 
 
 
 
 
Meiko Network Japan Co. Ltd.
Meiko Network Japan Co. Ltd.
Meiko Network Japan Co. Ltd. owns and operates tutoring cram schools in Japan. Their schools offer inexpensive individual tutoring for self-motivated learning and supplementary studies for students with average scores. Meiko Network Japan has schools located in every prefecture in Japan.
year
2018
rev ($mm)
$174.92
EBITDA ($mm)
$19.29
EBIT ($mm)
$13.41
Net Income ($mm)
$6.01
Employees
814
  • drill down
  • watch
Ticker: JASDAQ:9696
 
 
 
 
 
 
 
 
With Us Corp
With Us Corp
With Us Corporation operates in the education industry in Japan. The company owns and operates tutoring schools that offers group and individual tutoring for elementary, middle, and high school students. They also operate preparatory schools to help students pass high school certification exams.
year
2017
rev ($mm)
$134.56
EBITDA ($mm)
$9.21
EBIT ($mm)
$5.39
Net Income ($mm)
$0.75
Employees
779
  • drill down
  • watch
Ticker: OTCPK:AMBO.Y
 
 
 
 
 
 
 
 
Ambow Education
Ambow Education
Ambow Education is a leading national provider of educational and career enhancement services in China, offering high-quality, individualized services and products. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors.
year
2017
rev ($mm)
$64.68
EBITDA ($mm)
$1.54
EBIT ($mm)
($2.02)
Net Income ($mm)
Employees
2358
  • drill down
  • watch
Ticker: AIM:AEC
 
 
 
 
 
 
 
 
AEC Education Plc
AEC Education Plc
AEC Education PLC offers a number of diploma and degree programs up to the post-graduate level to students in the Asian region. Their programs attract students from Vietnam, China, Indonesia, Thailand, Korea, Hong Kong, Mongolia and Taiwan as well as Singapore and Malaysia.
year
2015
rev ($mm)
$10.66
EBITDA ($mm)
($1.01)
EBIT ($mm)
($1.47)
Net Income ($mm)
Employees
150
  • drill down
  • watch
Ticker: JASDAQ:4720
 
 
 
 
 
 
 
 
Johnan Academic Preparatory Institute, Inc.
Johnan Academic Preparatory Institute, Inc.
Based in Japan, Johnan Academic Preparatory Institute, Inc. manages advanced classes, including preparatory schools and individual guidance, as well as classrooms for infants, young children, and employment support schools.
year
2019
rev ($mm)
$65.16
EBITDA ($mm)
($2.20)
EBIT ($mm)
($4.21)
Net Income ($mm)
Employees
387
  • drill down
  • watch
Ticker: SEHK:2318
 
 
 
 
 
 
 
 
Ping An Insurance Group
Ping An Insurance Group
Ping An Insurance Group is one of China’s largest financial conglomerates. Ping An Insurance offers all kinds of insurance products, including travel, family, accident, corporate, health, life, and property insurance. They also offer services for loans, credit cards, and more.
year
2019
rev ($mm)
$159,378.71
EBITDA ($mm)
$31,223.54
EBIT ($mm)
$30,150.45
Net Income ($mm)
$18,493.28
Employees
376900
  • drill down
  • watch
Ticker: JPM
 
 
 
 
 
 
 
 
J.P. Morgan Chase & Co.
J.P. Morgan Chase & Co.
JPMorgan Chase & Co. is an American multinational banking corporation of securities, investments and retail. It is a major provider of financial services, with assets of $2.4 trillion and according to Forbes magazine is the world's second largest public company based on a composite ranking.
year
2020
rev ($mm)
$98,035.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$25,515.00
Employees
256358
  • drill down
  • watch
Ticker: C
 
 
 
 
 
 
 
 
Citigroup
Citigroup
Citi's mission is to serve as a trusted partner to their clients by responsibly providing financial services that enable growth and economic progress. Their core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of their clients.
year
2017
rev ($mm)
$63,902.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$15,501.00
Employees
215000
  • drill down
  • watch
Ticker: ENXTPA:BNP
 
 
 
 
 
 
 
 
BNP Paribas
BNP Paribas
BNP Paribas provides a range of banking and financial services worldwide. Its retail banking business offers current accounts and structured solutions in the areas of corporate financing and asset management; various banking, financial, and insurance products and services; and more.
year
2017
rev ($mm)
$48,518.08
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$9,118.99
Employees
192092
  • drill down
  • watch
Ticker: TSX:MFC
 
 
 
 
 
 
 
 
Manulife
Manulife
Manulife is a leading financial services group with operations in Asia, Canada and the United States. Manulife's international network of employees, agents and distribution partners offers financial protection and wealth management products and services.
year
2015
rev ($mm)
$44,261.87
EBITDA ($mm)
$4,661.97
EBIT ($mm)
$4,275.68
Net Income ($mm)
$2,758.63
Employees
28000
  • drill down
  • watch
Ticker: AXP
 
 
 
 
 
 
 
 
American Express Company
American Express Company
The American Express Company is a diversified worldwide travel, financial and network services company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, insurance and international banking.
year
2020
rev ($mm)
$34,260.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$4,072.00
Employees
64000
  • drill down
  • watch
Ticker: SWX:UBSN
 
 
 
 
 
 
 
 
UBS AG
UBS AG provides a range of financial services, including advisory services, underwriting, financing, market making, asset management, brokerage and retail banking on a global level. Its financial businesses are organized into three Business Groups and the Corporate Center.
year
2014
rev ($mm)
$30,778.77
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$3,882.03
Employees
60326
  • drill down
  • watch
Ticker: DB
 
 
 
 
 
 
 
 
Deutsche Bank AG
Deutsche Bank AG
Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets.
year
2018
rev ($mm)
$30,154.05
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
97130
  • drill down
  • watch
Ticker: ENXTPA:GLE
 
 
 
 
 
 
 
 
Société Générale
Societe Generale is one of the leading financial services groups in Europe. Based on a diversified universal banking model, the Group combines financial solidity and a strategy of sustainable growth. Their objective: to be the leading relationship-focused bank, a reference in its markets.
year
2018
rev ($mm)
$28,618.06
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$3,480.32
Employees
147000
  • drill down
  • watch
Ticker: SLF
 
 
 
 
 
 
 
 
Sun Life Financial Inc.
Sun Life Financial is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate clients.
year
2009
rev ($mm)
$26,356.07
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$2,305.63
Employees
14260
  • drill down
  • watch
Ticker: LSE:BARC
 
 
 
 
 
 
 
 
Barclays PLC
Barclays PLC
Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the Americas, Africa and Asia. Barclays operates in over 50 countries and employs 147,500 people.
year
2018
rev ($mm)
$25,009.44
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$1,106.41
Employees
79900
  • drill down
  • watch
Ticker: V
 
 
 
 
 
 
 
 
Visa, Inc.
Visa, Inc.
Visa, Inc. is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments.
year
2020
rev ($mm)
$21,846.00
EBITDA ($mm)
$14,859.00
EBIT ($mm)
$14,092.00
Net Income ($mm)
$10,866.00
Employees
19500
  • drill down
  • watch
Ticker: CS
 
 
 
 
 
 
 
 
Credit Suisse Group AG
Credit Suisse Group AG
Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally.
year
2018
rev ($mm)
$21,321.43
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
45560
  • drill down
  • watch
Ticker: TSX:BMO
 
 
 
 
 
 
 
 
BMO Financial Group
BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group serves more than 10 million personal, commercial, corporate and institutional customers in North America and internationally.
year
2019
rev ($mm)
$18,680.79
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$4,370.56
Employees
45513
  • drill down
  • watch
Ticker: BIT:ISP
 
 
 
 
 
 
 
 
Intesa Sanpaolo SpA
Intesa Sanpaolo SpA
Intesa Sanpaolo is the leading banking group in Italy, with approximately 4,400 branches and 11.9 million customers. Intesa Sanpaolo is a leader in Italy in all business sectors ( retail, corporate and wealth management ).
year
2017
rev ($mm)
$17,734.40
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$5,158.59
Employees
96892
  • drill down
  • watch