M&A Deal Summary

Anthology Acquires Blackboard

On September 13, 2021, Anthology acquired software company Blackboard from Providence Equity Partners

Acquisition Highlights
  • This is Anthology’s 4th transaction in the Software sector.
  • This is Anthology’s 5th transaction in the United States.
  • This is Anthology’s 1st transaction in Virginia.

M&A Deal Summary
Date 2021-09-13
Target Blackboard
Sector Software
Buyer(s) Anthology
Sellers(s) Providence Equity Partners
Deal Type Merger
Advisor(s) Deutsche Bank Corporate & Investment Banking (Financial)
Milbank
Weil Gotshal & Manges (Legal)

Target

Blackboard

Reston, Virginia, United States
Blackboard is a global educational software company that allows thousands of higher education, K-12, professional, corporate and government organizations to extend teaching, learning and campus communication online to millions of students, parents and teachers. Blackboard was founded in 1997 and is based in Reston, Virginia.

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Buyer(S) 1

Buyer

Anthology

Boca Raton, Florida, United States
Category Company
Founded 1988
Sector Software
DESCRIPTION

Anthology is a provider of administrative software solutions to higher education, nonprofit organizations, and other learning industries. Anthology's product suite includes student information systems, constituent relationship management, enterprise resource planning, student and alumni engagement, retention, and compliance solutions. Anthology was founded in 1988 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 6 of 6
Sector (Software) 4 of 4
Type (Merger) 2 of 2
State (Virginia) 1 of 1
Country (United States) 5 of 5
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 iModules

Overland Park, Kansas, United States

iModules is an online Constituent Engagement Management provider for educational institutions. iModules' interconnected suite of modules transforms how institutions create relevant constituent experiences and achieve fundraising success through web content management, marketing communications, online giving, event management, e-commerce, and social media integration. iModules integrates data, content, and strategy to drive participation and financial growth while increasing operational efficiency. iModules was founded in 1999 and is based in Overland Park, Kansas.

Buy -

Seller(S) 1

SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.

DEAL STATS #
Overall 94 of 100
Sector (Software) 8 of 9
Type (Merger) 7 of 7
State (Virginia) 6 of 6
Country (United States) 65 of 68
Year (2021) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Marlink

Paris, France

Marlink is a commercial satellite communications provider operating through two divisions: Maritime division and The Land division. Marlink was formed in 2002 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 Tenstreet

Tulsa, Oklahoma, United States

Tenstreet is a web-based provider of driver recruiting software and workflow solutions for the trucking and transportation industry. Tenstreet is based in Tulsa, Oklahoma.

Buy -
Mergr

Product

Company

Legal