M&A Deal Summary

Blackboard Acquires Higher One Holdings

On June 30, 2016, Blackboard acquired business services company Higher One Holdings for 260M USD

Acquisition Highlights
  • This is Blackboard’s 1st transaction in the Business Services sector.
  • This is Blackboard’s largest (disclosed) transaction.
  • This is Blackboard’s 18th transaction in the United States.
  • This is Blackboard’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2016-06-30
Target Higher One Holdings
Sector Business Services
Buyer(s) Blackboard
Deal Type Add-on Acquisition
Deal Value 260M USD
Advisor(s) Raymond James - Investment Banking (Financial)
Cleary Gottlieb Steen & Hamilton (Legal)

Target

Higher One Holdings

New Haven, Connecticut, United States
website
Higher One Holdings, Inc. is a provider of electronic financial disbursement and payment solutions for universities and their students that save the time and expense associated with handling financial aid refunds, on-campus and community purchases, payment collections, and more.

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Buyer(S) 1

Buyer

Blackboard

Reston, Virginia, United States

website

Category Company
Founded 1997
Sector Software
Employees1,780
DESCRIPTION

Blackboard is a global educational software company that allows thousands of higher education, K-12, professional, corporate and government organizations to extend teaching, learning and campus communication online to millions of students, parents and teachers. Blackboard was founded in 1997 and is based in Reston, Virginia.

DEAL STATS #
Overall 23 of 24
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 21 of 22
State (Connecticut) 1 of 1
Country (United States) 18 of 18
Year (2016) 2 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-31 Sequoia Retail Systems

Mountain View, California, United States

Sequoia Retail Systems, Inc. is a provider of comprehensive point-of-sale (POS) solutions exclusively focused on educational institutions and the students they serve.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-26 Fronteer

United Kingdom

Fronteer Ltd. including its flagship Ally product. Ally is designed to help institutions and instructors make course content more accessible for learners.

Buy -
Mergr

Product

Company

Legal