M&A Deal Summary

Adtalem Global Education Acquires Walden University

On September 11, 2020, Adtalem Global Education acquired internet software and services company Walden University from Laureate for 1.5B USD

Acquisition Highlights
  • This is Adtalem Global Education’s 1st transaction in the Internet Software and Services sector.
  • This is Adtalem Global Education’s largest (disclosed) transaction.
  • This is Adtalem Global Education’s 5th transaction in the United States.
  • This is Adtalem Global Education’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2020-09-11
Target Walden University
Sector Internet Software and Services
Buyer(s) Adtalem Global Education
Sellers(s) Laureate
Deal Type Divestiture
Deal Value 1.5B USD

Target

Walden University

Minneapolis, Minnesota, United States
Walden University is an online healthcare education provider. Walden University is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

Adtalem Global Education

Chicago, Illinois, United States

Category Company
Founded 1987
Sector Education
Employees4,368
Revenue 1.5B USD (2023)
DESCRIPTION
DeVry's corporate headquarters in Downers Grove, Illinois.
DeVry's corporate headquarters in Downers Grove, Illinois.

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 7 of 7
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 5 of 5
Year (2020) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-15 OnCourse Learning

Brookfield, Wisconsin, United States

OnCourse Learning is a provider of professional education to financial institutions providing banking and credit union governance, risk, and compliance (GRC) training. OnCourse Learning was founded in 2007 and is headquartered in Brookfield, Wisconsin.

Buy $121M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 Becker

Chicago, Illinois, United States

Becker engages in the CPA (Certified Public Accountant) exam review industry offering a full accounting career life cycle solution from training to licensing to continuing education. Becker’s global presence includes more than 2,900 partners including accounting firms, societies, corporations, government agencies, and universities. Becker was founded in 1957 and is based in Chicago, Illinois.

Sell -

Seller(S) 1

SELLER

Laureate

Miami, Florida, United States

Category Company
Founded 1998
Sector Education
Employees28
Revenue 1.5B USD (2023)
DESCRIPTION

Laureate is a provider of higher education. The company’s network of 60 accredited campus-based and online universities offers undergraduate and graduate degree programs to more than 740,000 students across 29 countries. Laureate offers more than 130 career-focused, undergraduate, master’s, and doctoral degree programs in fields including architecture, art, business, culinary arts, design, education, engineering, health sciences, hospitality, information technology, law, and medicine. Laureate was founded in 1998 and is based in Baltimore, Maryland.


DEAL STATS #
Overall 9 of 11
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 8 of 10
State (Minnesota) 1 of 1
Country (United States) 3 of 4
Year (2020) 2 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-29 Laureate Education - Australia and New Zealand Academic Operations

Australia

Laureate Education's Australia and New Zealand Academic Operations include the highly regarded Torrens University Australia, one of only 43 institutions in Australia. Torrens University is uniquely positioned as the only investor funded University among Australia’s 43 Universities.

Sell $643M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-13 Laureate Education - Brazilian Operations

Brazil

Laureate Education, Inc.'s Brazilian Operations operates 11 higher education institutions in Brazil - Business School São Paulo (BSP), CEDEPE Business School, Centro Universitário dos Guararapes (UniFG), Centro Universitário FADERGS, Centro Universitário FMU | FIAM-FAAM, Centro Universitário IBMR, Centro Universitário Ritter dos Reis (UniRitter), Faculdade Internacional da Paraíba (FPB), Universidade Anhembi Morumbi (UAM), Universidade Potiguar (UnP), and Universidade Salvador (UNIFACS).

Sell $724M