Cengage - M&A Summary and Business Overview

EducationCompany

Cengage M&A Summary

Cengage has acquired 12 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Cengage’s largest acquisition to date was in 2022, when it acquired Infosec for $191M. Cengage has acquired in 7 different US states, and 2 countries. The Company’s most targeted sectors include internet software and services (50%) and education (17%).

Cengage Business Overview

Where is Cengage headquartered?

Cengage is headquartered in Boston, Massachusetts.

What sector is Cengage in?

Cengage is an education company.

When was Cengage founded?

Cengage was founded in 1994.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity12
    • M&A Sell Activity1
  • Total Sectors Invested 6
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3
  • M&A Advisors 1

Cengage

Cengage Learning, Inc.

200 Pier 4 Blvd. ,
Boston, Massachusetts 02210
United States,
www.cengage.com

Cengage is an education and technology company that offers valuable options at affordable price points, including industry-leading initiative Cengage Unlimited, the first-of-its-kind all-access digital subscription service for higher education. The company embraces innovation to create learning experiences that build confidence and momentum toward the future students want. It also serves K-12, library, and workforce training markets around the world. Cengage was formed in 2014 and is Headquartered in Boston, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 11 - - 1 - - 12
vol $191M $191M
Sell (0.0/yr) # 1 - - - - - 1
  13

Most Recent M&A

Company Date Value Type
Infosec, Inc. 2022-01-31 191M USD Add-on Acquisition
Madison, Wisconsin · www.infosecinstitute.com
Codevolve 2018-10-18 - Growth Capital
Alameda, California · www.next.tech
Advanced Instructional Systems, Inc. (dba WebAssign) 2016-09-27 - Add-on Acquisition
Raleigh, North Carolina · www.webassign.com
Pathbrite, Inc. 2015-10-27 - Add-on Acquisition
San Francisco, California · www.pathbrite.com
Learning Objects 2015-09-22 - Add-on Acquisition
Washington, District of Columbia · www.learningobjects.com
NetLearning 2012-12-04 - Divestiture
, United States
Questia Media, Inc. 2010-01-28 - Add-on Acquisition
Chicago, Illinois · www.questia.com
Marshall Cavendish Education - ELT Business 2009-07-27 - Divestiture
Singapore, Singapore
Concept Media, Inc. 2009-02-18 - Add-on Acquisition
Irvine, California
HighBeam Research, Inc. 2008-12-16 - Add-on Acquisition
Chicago, Illinois · www.highbeam.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 6 (50%) - - -
Education 2 (17%) - 1 (100%) -
Information Services 1 (8%) - - -
Information Technology 1 (8%) 191M (100%) - -
Media 1 (8%) - - -
Publishing 1 (8%) - - -
Total 12 $191M 1 -

By Geo

State/Country Buy Value Sell Value
United States 11 191M 1 -
  California 4 - - -
  Illinois 2 - - -
  Wisconsin 1 191M - -
  North Carolina 1 - - -
  Massachusetts 1 - - -
  District of Columbia 1 - - -
Singapore 1 - - -
Domestic 11 (92%) 191M (100%) 1 (100%) -
Cross-border 1 (8%) - - -
Total 12 $191M 1 -

Top M&A Advisors

Financial Deals
Berkery, Noyes & Co.
1

Deal Values

buy # Total
$100M to $1B 1 $191M
TOTAL $191M
Largest Infosec, Inc.
$191M (2022-01-31)

M&A Connections

Deals
Acquired from
Investor(s)
8%
1 (8%)
Strategic(s)
8%
1 (8%)
Divested to
Strategic(s)
100%
1 (100%)

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