M&A Deal Summary |
|
|---|---|
| Date | 2003-03-19 |
| Target | Ross University |
| Sector | Education |
| Buyer(s) | Adtalem Global Education |
| Sellers(s) |
Leeds Equity Partners
Prospect Hill Growth Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 310M USD |
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| Category | Company |
|---|---|
| Founded | 1987 |
| Sector | Education |
| Employees | 4,368 |
| Revenue | 1.5B USD (2023) |
Adtalem Global Education is a provider of educational services and the parent organization of American University of the Caribbean School of Medicine, Becker Professional Education, Carrington College, Chamberlain College of Nursing, DeVry Brasil, DeVry University, Ross University School of Medicine and Ross University School of Veterinary Medicine. Adtalem Global Education was founded in 1987 and is headquartered in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 7 |
| Sector (Education) | 1 of 5 |
| Type (Add-on Acquisition) | 1 of 5 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 1 of 5 |
| Year (2003) | 1 of 1 |
| Size (of disclosed) | 2 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-11-01 |
Advanced Academics
Oklahoma City, Oklahoma, United States Advanced Academics, Inc. is a distance learning company that offers accredited secondary school courses for students in grades 7 – 12 via the Internet. |
Buy | $28M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 3.3B USD |
| Size | Large |
| Type | Sector Focused |
Leeds Equity Partners is a specialist private equity firm that targets investments in middle-market companies operating in knowledge industries. Specific areas of interest include education (K-12, postsecondary, at-risk/special education, instruction materials, testing), training (corporate training, professional certification/continuing education, language training), and information/business services (b2b publishing, information databases/research, tradeshows/conferences, business process outsourcing, consulting, staffing, marketing). Leeds prefers investing in established companies that are leaders in their respective markets. Leeds Equity Partners was formed in 1993 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 21 |
| Sector (Education) | 1 of 7 |
| Type (Add-on Acquisition) | 1 of 8 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 1 of 19 |
| Year (2003) | 1 of 2 |
| Size (of disclosed) | 3 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-01-01 |
Sagus International
Oakbrook, Illinois, United States Sagus International, Inc., is a designer and manufacturer of furniture for the educational, hospitality and healthcare industries. Sagus' primary products include: student chairs and desks; teacher chairs, desks and file cabinets; school cafeteria and classroom tables; music room stages and risers; conference and training folding tables and caddies; and casework (custom) cabinets and tables for classrooms, laboratories and other end-uses. Sagus is headquartered in Chicago and employs approximately 600 people. Sagus operates through three divisions |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-11-03 |
Datamark
Salt Lake City, Texas, United States Datamark, Inc. is a full-service marketing company exclusively for colleges and proprietary schools nationwide. Datamark’s hallmark research-based strategies and proprietary technologies make it the high value choice for student recruiting and retention programs that produce results. |
Sell | $72M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 2.7B USD |
| Size | Large |
| Type | Sector Agnostic |
Prospect Hill Growth Partners is a private equity firm specializing in leveraged buyouts and recapitalizations of middle-market growth companies across the US. Prospect Hill looks for profitable businesses ($5 to $25 million of EBITDA) with annual revenues from $50 to $300 million with strong brands and leading market positions. Target sectors include consumer products, healthcare, specialty retail, and asset management. Prospect Hill Growth Partners was formerly known as J.W. Childs and changed its name in 2019. The Firm was originally formed in 1995 and is headquartered in Waltham, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 22 |
| Sector (Education) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 6 |
| State (New Jersey) | 1 of 4 |
| Country (United States) | 4 of 22 |
| Year (2003) | 1 of 1 |
| Size (of disclosed) | 5 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-07-12 |
Esselte
Stamford, Connecticut, United States Esselte Corp. is a manufacturer and marketer of office and consumer products. It takes products to market under the Leitz, Rapid and Esselte brands in the storage and organization, stapling and punch, business machines and do-it-yourself tools product categories. |
Buy | $550M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-08-12 |
Pinnacle Foods
Parsippany, New Jersey, United States Pinnacle Foods, Inc. is a manufacturer and marketer of branded convenience food products in the United States and Canada. Its product range includes frozen dinners and entrees, frozen seafood, breakfasts, bagels, pickles, peppers and relish, baking mixes and frostings, and syrups and pancake mixes. |
Buy | - |
