M&A Deal Summary

Gryphon Investors Acquires Delta Educational Systems

On May 12, 2006, private equity firm Gryphon Investors acquired education company Delta Educational Systems from Huron Capital for 120M USD

Acquisition Highlights
  • This is Gryphon Investors’ 2nd transaction in the Education sector.
  • This is Gryphon Investors’ largest (disclosed) transaction.
  • This is Gryphon Investors’ 14th transaction in the United States.
  • This is Gryphon Investors’ 1st transaction in Virginia.

M&A Deal Summary

Date 2006-05-12
Target Delta Educational Systems
Sector Education
Buyer(s) Gryphon Investors
Sellers(s) Huron Capital
Deal Type Secondary Buyout
Deal Value 120M USD

Target

Delta Educational Systems

Virginia Beach, Virginia, United States
website
Delta operates postsecondary career schools primarily in the eastern US, targeting the large and growing segment of the population seeking to acquire career-oriented education. Delta offers degree and diploma programs in healthcare, information technology, advertising, cosmetology, business, and other fields.

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Buyer(S) 1

Buyer

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $25 to $50 million equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1997 and is based in San Francisco, California.


DEAL STATS #
Overall 14 of 77
Sector (Education) 2 of 4
Type (Secondary Buyout) 2 of 23
State (Virginia) 1 of 3
Country (United States) 14 of 76
Year (2006) 1 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-02 Miller Heiman

Reno, Nevada, United States

Miller Heiman, Inc. is a provider of sales force effectiveness solutions to enable its clients to improve the effectiveness of their sales organizations. Miller Heiman was formed in 1978 and is based in Reno, Nevada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-26 The Eight O Clock Coffee Company

Montvale, New Jersey, United States

Eight O'Clock Coffee is an American business and product success story. The Eight O'Clock Coffee Company offers coffees.

Sell $220M

Seller(S) 1

SELLER

Huron Capital

Detroit, Michigan, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Huron Capital Partners is a private equity firm that seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Prospective transaction situations include management buyouts, corporate spin-offs, recapitalizations, family successions and consolidations. Huron prefers opportunities located in the US and Canada. Target companies typically have revenues between $20 and $200 million and EBITDA of at least $5 million. Huron can commit up to $10 million and $50 million of equity capital per transaction. Huron Capital Partners was formed in 1999 and has offices in Detroit, Michigan and Ontario, Canada.


DEAL STATS #
Overall 5 of 35
Sector (Education) 1 of 2
Type (Secondary Buyout) 3 of 16
State (Virginia) 1 of 2
Country (United States) 5 of 32
Year (2006) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 YORK Label

Omaha, Nebraska, United States

YORK Label, Inc. is a supplier of high-end pressure-sensitive label solutions and operates flexographic label printing facilities in North America.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 Tectrans

Los Angeles, California, United States

Tectrans provides passenger ground transportation solutions for governmental agencies, medical and senior care organizations, the private sector and individual consumers. Tectrans’ services include paratransit (including service mandated by the Americans with Disabilities Act), fixed route shuttles, taxi, non-emergency medical transit, brokerage/call center management, and other transportation support services.

Buy -