M&A Deal Summary

Alpine Investors Acquires Riverside Insights

On September 12, 2018, private equity firm Alpine Investors acquired education company Riverside Insights from HMH for 140M USD

Acquisition Highlights
  • This is Alpine Investors’ 1st transaction in the Education sector.
  • This is Alpine Investors’ largest (disclosed) transaction.
  • This is Alpine Investors’ 30th transaction in the United States.
  • This is Alpine Investors’ 2nd transaction in Illinois.

M&A Deal Summary

Date 2018-09-12
Target Riverside Insights
Sector Education
Buyer(s) Alpine Investors
Sellers(s) HMH
Deal Type Divestiture
Deal Value 140M USD
Advisor(s) Wilmer Cutler Pickering Hale and Dorr LLP (Legal)

Target

Riverside Insights

Itasca, Illinois, United States
website
Riverside Insights is a provider of classroom and clinical assessments. Riverside is comprised of several brands that are trusted by educators, administrators, psychologists, researchers, and hospitals.

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Buyer(S) 1

Buyer

Alpine Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Alpine Investors is a private investment firm that targets small to mid-sized company investments in the US, Canada, Europe, and Australia. Alpine looks for companies with cash-flow of $1 to $50 million and will consider both control and non-control positions. Alpine prefers businesses with recurring revenues, identifiable growth opportunities, sustainable margins, and significant barriers to entry. Areas of interest include software, business services, publishing, and digital media. Alpine Investors was established in 2001 and is based in San Francisco, California.


DEAL STATS #
Overall 30 of 44
Sector (Education) 1 of 3
Type (Divestiture) 2 of 2
State (Illinois) 2 of 3
Country (United States) 30 of 44
Year (2018) 4 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-14 Mindful

Akron, Ohio, United States

Mindful offers a suite of complementary, patented solutions that help organizations optimize the customer journey in order to achieve greater loyalty, efficiency and revenue. Mindful provide enterprises the opportunity to enrich the brand and deepen the customer relationship with every interaction. Deployed seamlessly within any single or multi-vendor environment, our virtual queuing and customer engagement solutions are designed to empower customers, agents and brands. Mindful was founded in 1995 and is based in Akron, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-18 Vionic Group

San Rafael, California, United States

Vionic Group LLC is a privately held global company offering product development, research, marketing and distribution of branded footwear, footbeds and educational workshops. Vionic was formed in 1979 and is based in San Rafael, California.

Sell $360M

Seller(S) 1

SELLER

HMH

Boston, Massachusetts, United States

website


Category Company
Founded 1832
Sector Education
Employees3,300
Revenue 1.0B USD (2020)
DESCRIPTION

HMH is a learning technology company committed to delivering connected solutions that engage learners, empower educators and improve student outcomes. As a leading provider of K–12 core curriculum, supplemental and intervention solutions, and professional learning services, HMH partners with educators and school districts to uncover solutions that unlock students' potential and extend teachers' capabilities. HMH serves more than 50 million students and four million educators in 150 countries. HMH was founded in 1832 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 3 of 4
Sector (Education) 2 of 2
Type (Divestiture) 3 of 4
State (Illinois) 2 of 2
Country (United States) 3 of 4
Year (2018) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-11 MeeGenius - eBook and Technology Assets

United States

MeeGenius - eBook and Technology Assets is provider of digital content for parents and young learners and supports its ongoing strategic focus on the direct-to-consumer market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-15 PV Waggle

Darien, Connecticut, United States

PV Waggle LLC is an adaptive learning solution. Waggle's web-based adaptive learning platform provides differentiated Math and ELA instruction for students in grades 2–8. PV Waggle LLC is based in Darien, Connecticut.

Buy -