M&A Deal Summary

BARBRI Acquires West Academic

On January 4, 2022, BARBRI acquired publishing company West Academic from Levine Leichtman Capital Partners

Acquisition Highlights
  • This is BARBRI’s 1st transaction in the Publishing sector.
  • This is BARBRI’s 4th transaction in the United States.
  • This is BARBRI’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2022-01-04
Target West Academic
Sector Publishing
Buyer(s) BARBRI
Sellers(s) Levine Leichtman Capital Partners
Deal Type Add-on Acquisition

Target

West Academic

Saint Paul, Minnesota, United States
Legal Education Holdings, Inc. is a publisher of legal textbooks, casebooks, study guides, and other course-related materials in both print and digital media formats for law school faculty and students in the United States. Legal Education Holdings works with the leading legal scholars in the US and provides its products under the West Academic, Foundation Press and Gilbert imprints. West Academic was founded in 2013 and is based in Saint Paul, Minnesota.

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Buyer(S) 1

Buyer

BARBRI

Dallas, Texas, United States
Category Company
Founded 1967
Sector Education
DESCRIPTION

BARBRI is a bar exam test preparation provider serving a majority of bar exam takers each year with an alumni base of over one million people. BARBRI offers a comprehensive suite of learning solutions for higher education institutions and law-related businesses which includes U.S. bar prep, curriculum, assessment, global license preparation, online program management, and professional development. BARBRI was founded in 1967 and is based in Dallas, Texas.

DEAL STATS #
Overall 5 of 7
Sector (Publishing) 1 of 1
Type (Add-on Acquisition) 5 of 7
State (Minnesota) 1 of 1
Country (United States) 4 of 6
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 PowerScore

Charleston, South Carolina, United States

PowerScore is a provider of a multi-modal product suite that has helped tens of thousands of students perform well on standardized tests. PowerScore was founded in 1997 and is based in Charleston, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-18 Strafford

United States

Strafford provides courses focused on educating attorneys, accountants, and other professionals on highly complex and practice-specific topics.

Buy -

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.

DEAL STATS #
Overall 47 of 57
Sector (Publishing) 1 of 3
Type (Add-on Acquisition) 13 of 16
State (Minnesota) 1 of 1
Country (United States) 44 of 51
Year (2022) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Best Lawyers

Augusta, Georgia, United States

Best Lawyers is a peer-reviewed and recommended lawyer who guides the best individuals and firms in their fields through our proven methodology. Best Lawyers was founded in 1981 and is based in Aiken, South Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 HomeVestors

Dallas, Texas, United States

HomeVestors is a real estate investment franchisor in the United States, providing services and education to franchisees seeking to operate their own, independent, residential real estate investment business. HomeVestors was founded in 1989 and is based in Dallas, Texas.

Sell -
Mergr

Product

Company

Legal