M&A Deal Summary

Pearson Education Acquires eCollege.com

On July 31, 2007, Pearson Education acquired internet software and services company eCollege.com from Capital Resource Partners for 477M USD

Acquisition Highlights
  • This is Pearson Education’s 2nd transaction in the Internet Software and Services sector.
  • This is Pearson Education’s 2nd largest (disclosed) transaction.
  • This is Pearson Education’s 5th transaction in the United States.
  • This is Pearson Education’s 1st transaction in Colorado.

M&A Deal Summary
Date 2007-07-31
Target eCollege.com
Sector Internet Software and Services
Buyer(s) Pearson Education
Sellers(s) Capital Resource Partners
Deal Type Add-on Acquisition
Deal Value 477M USD
Advisor(s) Evercore Group (Financial)

Target

eCollege.com

Denver, Colorado, United States
website
eCollege.com is a full range of on-demand software services including course management, virtual campuses, and assessment, reporting and retention monitoring tools.

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Buyer(S) 1

Buyer

Pearson Education

Upper Saddle River, New Jersey, United States

website

Category Company
Founded 1998
Sector Education
DESCRIPTION

Pearson Education is an education services company that provides assessment and training products and services.

DEAL STATS #
Overall 7 of 13
Sector (Internet Software and Services) 2 of 3
Type (Add-on Acquisition) 5 of 8
State (Colorado) 1 of 1
Country (United States) 5 of 6
Year (2007) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-31 Chancery Software

Burnaby, British Columbia, Canada

Chancery Software Ltd. is a provider of student information systems (SIS) in the K-12 US school market. Chancery has built a range of software tools to help schools and districts collect and manage student information such as enrollments, scheduling, attendance, grading, and student performance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-13 Fronter AS

Oslo, Norway

Fronter AS is a cloud based learning platform.

Buy -

Seller(S) 1

SELLER

Capital Resource Partners

Wellesley, Massachusetts, United States

Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Capital Resource Partners (CRP) is a provider of debt and equity capital to lower middle-market companies throughout the United States. CRP typically provides $1 to $15 million of junior capital to support 'late-stage expansion, recapitalization, and incremental acquisition investments'. Target companies are generally profitable with at least $5 million in annual sales. Sectors of interest include business services, consumer products and services, healthcare services, proprietary industrial products and services, and software/information services. Capital Resource Partners was formed in 1987 and is based in Wellesley, Massachusetts.

DEAL STATS #
Overall 14 of 33
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 9 of 17
State (Colorado) 1 of 1
Country (United States) 14 of 31
Year (2007) 1 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-20 Ardence

Waltham, Washington, United States

Ardence, Inc. is a provider of embedded software and services for Windows-based Intelligent Connected Equipment (ICE).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 The Art of Shaving

Miami,

The Art of Shaving is a multi-channel retailer and wholesaler of premium branded shaving and grooming products.

Buy -
Mergr

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