M&A Deal Summary

Liberty Partners Acquires Concorde

On June 21, 2006, private equity firm Liberty Partners acquired education company Concorde from Camden Partners for 115M USD

Acquisition Highlights
  • This is Liberty Partners’ 4th transaction in the Education sector.
  • This is Liberty Partners’ largest (disclosed) transaction.
  • This is Liberty Partners’ 34th transaction in the United States.
  • This is Liberty Partners’ 1st transaction in Kansas.
Investment Fate
  • Concorde was sold to a publicly-traded strategic buyer in 2022.
  • Concorde was sold to a strategic buyer in 2022.

M&A Deal Summary
Date 2006-06-21
Target Concorde
Sector Education
Buyer(s) Liberty Partners
Sellers(s) Camden Partners
Deal Type Secondary Buyout
Deal Value 115M USD
Advisor(s) Bryan Cave Leighton Paisner LLP (Legal)

Target

Concorde

Mission, Kansas, United States
website
Concorde is a for-profit postsecondary educational institution that trains students for allied health careers including Medical Assisting, Dental Assisting, Insurance Coding, Respiratory Therapy, Surgical Technology, Vocational/Practical Nursing, and more. Concorde was founded in 1968 and is based in Mission, Kansas.

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Buyer(S) 1

Buyer

Liberty Partners

New York, New York, United States

Investor Investor

website

Category Private Equity Firm
Founded 1992
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Liberty Partners is a private equity investment firm that targets controlling or substantial-minority investments in North American companies. Liberty looks for opportunities in manufacturing, business services, and education-related companies and seeks to invest $20 to $75 million of equity capital per transaction. Target businesses generally have at least $50 million in revenues and at least $6 million in EBITDA. Prospective transaction types include leveraged buyouts, corporate divestitures, recapitalizations, going-privates, build-ups, and growth financings. Liberty Partners was formed in 1992 and is based in New York City.

DEAL STATS #
Overall 34 of 38
Sector (Education) 4 of 7
Type (Secondary Buyout) 3 of 3
State (Kansas) 1 of 1
Country (United States) 34 of 38
Year (2006) 3 of 7
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 Padcom

Bethlehem, Pennsylvania, United States

Padcom, Inc. is a provider of wireless remote access connectivity solutions that overcome the gaps in wireless data communication by connecting enterprises, workers, and devices.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 Henley-Putnam University

San Jose, California, United States

Henley-Putnam University is a for-profit educational institution offering online graduate and undergraduate degrees in executive protection management, intelligence operations management, and counter-terrorism studies primarily to high-level security professionals in private security, law enforcement, military, or civilian intelligence positions. Henley-Putnam University was founded in 2001 and is based in San Jose, California.

Buy -

Seller(S) 1

SELLER

Camden Partners

Owings Mill, Maryland, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 1995
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Camden Partners is a growth-oriented private investment firm focused on direct investments as well as structured capital solutions. Camden's direct private equity practice targets equity investments up to $15 million in businesses operating in the technology, software, business services, and education sectors. Prospective companies generally have proven management, proprietary products or high barriers to entry, recurring revenue, and proven business models. Camden Partners was formed in 1995 and is based in Baltimore, Maryland.

DEAL STATS #
Overall 1 of 26
Sector (Education) 1 of 4
Type (Secondary Buyout) 1 of 4
State (Kansas) 1 of 1
Country (United States) 1 of 25
Year (2006) 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-05 Pet DRx

Brentwood, Tennessee, United States

Pet DRx Corp. is a provider of primary and specialty veterinary care services to companion animals through a network of veterinary hospitals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-15 LipoScience

Raleigh, North Carolina, United States

LipoScience is a diagnostic company focused on indentifying and quantifying metabolic markers associated with cardiovascular disease.

Buy -
Mergr

Product

Company

Legal