M&A Deal Summary

Nexus Capital Management Acquires Savvas Learning

On February 18, 2019, private equity firm Nexus Capital Management acquired education company Savvas Learning from Pearson for 250M USD

Acquisition Highlights
  • This is Nexus Capital Management’s 1st transaction in the Education sector.
  • This is Nexus Capital Management’s largest (disclosed) transaction.
  • This is Nexus Capital Management’s 2nd transaction in the United States.
  • This is Nexus Capital Management’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2019-02-18
Target Savvas Learning
Sector Education
Buyer(s) Nexus Capital Management
Sellers(s) Pearson
Deal Type Divestiture
Deal Value 250M USD

Target

Savvas Learning

Paramus, New Jersey, United States
website
Savvas Learning is a market leader in the U.S. K-12 curriculum market, offering a full suite of products across the core literacy, math, science and humanities disciplines. Its portfolio of comprehensive curriculum programs allows the business to compete across the entire U.S. through its large salesforce that covers 15,000 school districts with over 40 million students. Savvas Learning is based in Paramus New Jersey.

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Buyer(S) 1

Buyer

Nexus Capital Management

website

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Nexus Capital Management is an opportunistic debt and equity investment firm. Nexus looks to invest $50 to $300 million to support a variety of situations, including corporate partnerships, acquisitions, or liquidity financings. Sectors of interest include industrials, consumer, retail, food/beverages, services, education, and distribution. Nexus Capital Management was formed in 2013 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 2 of 12
Sector (Education) 1 of 1
Type (Divestiture) 1 of 3
State (New Jersey) 1 of 1
Country (United States) 2 of 12
Year (2019) 2 of 4
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Sperber Landscape Companies

Westlake Village, California, United States

Sperber Landscape Companies is a commercial landscaping services provider serving clients throughout the United States. In addition to providing landscape maintenance services, SLC will additionally offer design assistance and turnkey installation solutions for select commercial projects. Sperber Landscape Companies was founded in 2018 and is based in Westlake Village, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-23 FTD

Downers Grove, Illinois, United States

FTD provides floral, specialty foods, gift and related products and services to consumers, retail florists, and other retail locations and companies in need of floral and gifting solutions. FTD's portfolio of brands includes proFlowers, proplants, shari’s berries, personal creations, redEnvelope, cherry moon farms, flying flowers, flowers direct, sesame, ink cards, postagram, and Gifts.com. FTD was founded in 1910 and is based in Downers Grove, Illinois.

Buy $95M

Seller(S) 1

SELLER

Pearson

London, United Kingdom

website

Category Company
Founded 1844
Sector Publishing
Employees20,000
Revenue 3.8B GBP (2022)
DESCRIPTION
Pearson office in Bloomington, Minnesota.
Pearson office in Bloomington, Minnesota.

Pearson is a multinational publishing and education company. Pearson combines educational content and assessment, powered by services and technology, to enable more effective teaching and personalized learning at scale. Pearson was founded in 1844 and is based in London, the United Kingdom.

DEAL STATS #
Overall 10 of 16
Sector (Education) 2 of 5
Type (Divestiture) 9 of 15
State (New Jersey) 1 of 1
Country (United States) 6 of 7
Year (2019) 1 of 3
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-03 TutorVista Global Pvt.

Bengaluru, India

TutorVista Global Pvt. Ltd. is an online tutoring company, that offers test preparation help, homework help, supplemental tutoring and expert assistance before tests. TutorVista Global Pvt. Ltd. was established in 2005 and is headquartered in Bengaluru, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-17 GlobalEnglish

Brisbane, California, United States

GlobalEnglish Corp. is a provider of cloud-based software that teaches English to business users. GlobalEnglish was founded in 1997 and is based in Brisbane, California.

Sell -
Mergr

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