M&A Deal Summary

The Riverside Company Acquires Clinical Education Alliance

On December 9, 2020, private equity firm The Riverside Company acquired education company Clinical Education Alliance from Renovus Capital Partners

Acquisition Highlights
  • This is The Riverside Company’s 13th transaction in the Education sector.
  • This is The Riverside Company’s 177th transaction in the United States.
  • This is The Riverside Company’s 3rd transaction in Connecticut.

M&A Deal Summary

Date 2020-12-09
Target Clinical Education Alliance
Sector Education
Buyer(s) The Riverside Company
Sellers(s) Renovus Capital Partners
Deal Type Secondary Buyout
Advisor(s) DLA Piper (Legal)

Target

Clinical Education Alliance

Stamford, Connecticut, United States
website
Clinical Education Alliance is a provider of continuing education for the healthcare team by the ACCME, ANCC, and ACPE. Clinical Education Alliance was founded in 2004 and is based in Stamford, Connecticut.

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Buyer(S) 1

Buyer

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 256 of 283
Sector (Education) 13 of 15
Type (Secondary Buyout) 42 of 45
State (Connecticut) 3 of 3
Country (United States) 177 of 195
Year (2020) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-06 Swedish Education Group AB

Stockholm, Sweden

Swedish Education Group operates one compulsory school in Stockholm, one compulsory and upper secondary school in Stockholm for children in need of additional resources, and three upper secondary schools located in Stockholm, Gothenburg, and Malmö. In addition, Swedish Education Group runs several higher vocational educations.

Sell kr185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Sunrise Windows & Doors

Temperance, Michigan, United States

Sunrise Windows & Doors is a manufacturer and distributor of premium-priced, energy-efficient, custom replacement vinyl windows and patio doors, distributing its products through specialty window dealers, home improvement contractors, and building products distributors. Sunrise Windows & Doors was founded in 1994 and is based in Temperance, Michigan.

Sell -

Seller(S) 1

SELLER

Renovus Capital Partners

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2010
PE ASSETS 180M USD
Size Small
Type Sector Focused
DESCRIPTION

Renovus Capital Partners is a private equity firm focused on investing in small to mid-sized education companies. Specific areas of interest include for-profit colleges and schools, training companies, content providers, and technology and services businesses to education providers. Renovus looks for companies with 'strong growth prospects', proven business models and EBITDA up to $10 million. Renovus was formed in 2010 and is based in Wynnewood, Pennsylvania.


DEAL STATS #
Overall 6 of 11
Sector (Education) 3 of 5
Type (Secondary Buyout) 3 of 6
State (Connecticut) 1 of 1
Country (United States) 6 of 11
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-29 Hoonuit

Minneapolis, Minnesota, United States

Hoonuit LLC provides educators with the tools needed to make informed, impactful action. Through solutions that provide intuitive analytics and personalized professional development, Hoonuit fuels teacher, staff and student success. Hoonuit LLC was founded in 2000 and is based in Minneapolis, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 InflowCX

Beaverton, Oregon, United States

InflowCX is an innovative provider of strategic advisory, consulting, and managed services for contact centers, customer experience, and unified communications solutions to over 1,000 customers nationwide. The company has grown to be a trusted advisor in its market through the high caliber of its work, problem-solving approach, and focus on client satisfaction. InflowCX was founded in 1997 and is based in Beaverton, Oregon.

Buy -