M&A Deal Summary

Veritas Capital Acquires Cambium Learning Group

On October 15, 2018, private equity firm Veritas Capital acquired education company Cambium Learning Group for 900M USD

Acquisition Highlights
  • This is Veritas Capital’s 1st transaction in the Education sector.
  • This is Veritas Capital’s 11th largest (disclosed) transaction.
  • This is Veritas Capital’s 25th transaction in the United States.
  • This is Veritas Capital’s 2nd transaction in Texas.

M&A Deal Summary
Date 2018-10-15
Target Cambium Learning Group
Sector Education
Buyer(s) Veritas Capital
Deal Type Going Private
Deal Value 900M USD
Advisor(s) Macquarie Capital (Financial)
Lowenstein Sandler LLP (Legal)

Target

Cambium Learning Group

Dallas, Texas, United States
website
Cambium Learning Group is an educational technology solutions company dedicated to helping all students reach their potential through individualized and differentiated instruction. Using a research-based, personalized approach, Cambium Learning Group delivers SaaS resources and instructional products that engage students and support teachers in fun, positive, safe and scalable environments. Cambium Learning Group is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Veritas Capital

New York, New York, United States

website

Category Private Equity Firm
Founded 1992
PE ASSETS 40.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York City.

DEAL STATS #
Overall 26 of 40
Sector (Education) 1 of 2
Type (Going Private) 2 of 6
State (Texas) 2 of 2
Country (United States) 25 of 38
Year (2018) 4 of 5
Size (of disclosed) 11 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-13 BeyondTrust

Johns Creek, Georgia, United States

BeyondTrust is a provider of Privileged Access Management (PAM) software solutions, empowering organizations to secure and manage privileges across passwords, endpoints, and access while enhancing control and visibility. BeyondTrust was founded in 1985 and is based in Johns Creek, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 athenahealth

Watertown, Massachusetts, United States

athenahealth is a provider of Internet-based business services for physician practices. The Company's service offerings are based on proprietary web-native practice management and electronic health record (EHR) software, a continuously updated payer knowledge-base, integrated back-office service operations, and live patient communications services. athenahealth was founded in 1997 and is based in Watertown, Massachusetts.

Buy $5.7B
Mergr

Product

Company

Legal