M&A Deal Summary

Leeds Equity Partners Acquires TouchMath

On February 29, 2024, private equity firm Leeds Equity Partners acquired publishing company TouchMath from Millpond Equity Partners and Merion Investment Partners

Acquisition Highlights
  • This is Leeds Equity Partners’ 1st transaction in the Publishing sector.
  • This is Leeds Equity Partners’ 37th transaction in the United States.
  • This is Leeds Equity Partners’ 5th transaction in Colorado.

M&A Deal Summary

Date 2024-02-29
Target TouchMath
Sector Publishing
Buyer(s) Leeds Equity Partners
Sellers(s) Millpond Equity Partners
Merion Investment Partners
Deal Type Secondary Buyout
Advisor(s) Macquarie Capital (Financial)

Target

TouchMath

Colorado Springs, Colorado, United States
website
TouchMath is a publisher and distributor of supplemental math curriculum materials. TouchMath was founded in 1975 and is based in Colorado Springs, Colorado.

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Buyer(S) 1

Buyer

Leeds Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 3.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Leeds Equity Partners is a specialist private equity firm that targets investments in middle-market companies operating in knowledge industries. Specific areas of interest include education (K-12, postsecondary, at-risk/special education, instruction materials, testing), training (corporate training, professional certification/continuing education, language training), and information/business services (b2b publishing, information databases/research, tradeshows/conferences, business process outsourcing, consulting, staffing, marketing). Leeds prefers investing in established companies that are leaders in their respective markets. Leeds Equity Partners was formed in 1993 and is based in New York, New York.


DEAL STATS #
Overall 40 of 40
Sector (Publishing) 1 of 1
Type (Secondary Buyout) 7 of 7
State (Colorado) 5 of 5
Country (United States) 37 of 37
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 Big Blue Marble Academy

Atlanta, Georgia, United States

Big Blue Marble Academy provides high-quality, education-based programs for children ranging from infancy through age four, as well as before and after school and summer camp programs. The company offers a unique, proprietary curriculum, a rich language immersion program, and hands-on, student-led philanthropic activities, all of which are core to the organization’s mission of promoting student readiness and success. Big Blue Marble Academy was founded in 2012 and is based in Atlanta, Georgia.

Buy -

Seller(S) 2

DESCRIPTION

Millpond Equity Partners is a private equity firm focused on investing in companies operating in the education, training, or outsourced services sectors. The Firm will consider opportunities throughout the US and Canada and seeks businesses with up to $15 million in EBITDA. Specific areas of interest include education providers, assessment/testing services, career prep, compliance and risk management, human resources outsourcing, quality assurance, marketing services, and data collection providers. Millpond Equity Partners was formed in 2014 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 2 of 2
Sector (Publishing) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-07 Galileo Education

Franklin, Tennessee, United States

Galileo Education is a provider of education to pre-kindergarten through 12th-grade students. The Galileo portfolio of schools, with locations in Tennessee, North Carolina, and Florida, provides education services to students who prefer an individualized, non-traditional approach to schooling with proven curriculum and methodologies and for those with special needs including autism, dyslexia, ADHD, anxiety, and other exceptionalities. Galileo Education is based in Franklin, Tennessee.

Buy -
DESCRIPTION

Merion Investment Partners is a mezzanine finance firm that provides subordinated debt to middle-market growth Companies generating at least $10 million in sales and at least $2 million in EBITDA. Merion focuses on opportunities in business services, specialty manufacturing, and healthcare services and products. Merion's invests in the range of $4 and $20 million per transaction. Merion Investment Partners was formed in 2003 and is based in King of Prussia, Pennsylvania.


DEAL STATS #
Overall 26 of 26
Sector (Publishing) 1 of 1
Type (Secondary Buyout) 9 of 9
State (Colorado) 2 of 2
Country (United States) 26 of 26
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-17 TopFire Media

Homewood, Illinois, United States

TopFire Media is a full-service digital marketing and public relations firm that primarily serves the franchising industry. TopFire Media is based in Homewood, Illinois.

Buy -