M&A Deal Summary

Bertelsmann Acquires Relias Learning

On October 21, 2014, Bertelsmann acquired internet software and services company Relias Learning from LLR Partners

Acquisition Highlights
  • This is Bertelsmann’s 1st transaction in the Internet Software and Services sector.
  • This is Bertelsmann’s 3rd transaction in the United States.
  • This is Bertelsmann’s 1st transaction in Florida.

M&A Deal Summary

Date 2014-10-21
Target Relias Learning
Sector Internet Software and Services
Buyer(s) Bertelsmann
Sellers(s) LLR Partners
Deal Type Add-on Acquisition

Target

Relias Learning

Boca Raton, Florida, United States
website
Relias Learning LLC is a provider of verticalized e-learning solutions through SaaS-based software and related course content. The solutions enable organizations to remain in compliance with regulatory and accreditation requirements and offer continuing education solutions to current employees. Relias Learning was founded in 2012 and is based in Boca Raton, Florida.

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Buyer(S) 1

Buyer

Bertelsmann

Gutersloh, Germany

website


Category Company
Founded 1835
Sector Media
Employees132,842
Revenue 17.1B EUR (2015)
DESCRIPTION

Bertelsmann is a German multinational mass media corporation. Bertelsmann was founded in 1835 and is based in Gutersloh, Germany.


DEAL STATS #
Overall 5 of 12
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 3 of 6
State (Florida) 1 of 1
Country (United States) 3 of 5
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Arti Grafiche Johnson

Seriate, Italy

Arti Grafiche Johnson S.p.A. engages in publishing, producing, and selling of calendars and diaries. The company is headquartered in Seriate, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-04 Eruditus Executive Education

Mumbai, India

Eruditus Executive Education that develops executive education programs in partnership with prestigious universities such as Columbia, Harvard, INSEAD, MIT, Tuck and Wharton, and markets and administers them currently in India, Southeast Asia and the Middle East. The company also offers online learning programs in association with the Emeritus Institute of Management.

Buy -

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $15 to $100 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 28 of 69
Sector (Internet Software and Services) 2 of 6
Type (Add-on Acquisition) 18 of 42
State (Florida) 1 of 3
Country (United States) 27 of 68
Year (2014) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-29 Pet360

Plymouth Meeting, Pennsylvania, United States

Pet360, Inc. is a online pet information, community and commerce company that operates www.PetFoodDirect.com, an online pet food and supply retailer, www.NationalPetPharmacy.com, a fully certified, full-service pet pharmacy delivering pet meds, vitamins and comprehensive pet health and wellness products; and www.petMD.com, a leading pet health information resource.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-23 Phreesia

Raleigh, North Carolina, United States

Phreesia is a provider of point-of-service platform, which includes electronic payment applications, clinical and administrative data collection, and consent form management, helps healthcare organizations automate front-office workflow and drive tangible bottom-line results. Phreesia was founded in 2005 and is based in Raleigh, North Carolina.

Buy -