Investment Summary

Bertelsmann Exits OnCourse Learning

On April 15, 2019, Adtalem Global Education invested in education company OnCourse Learning from Bertelsmann for 121M USD

Investment Highlights
  • This is Adtalem Global Education’s 5th transaction in the Education sector.
  • This is Adtalem Global Education’s 5th largest (disclosed) transaction.
  • This is Adtalem Global Education’s 4th transaction in the United States.
  • This is Adtalem Global Education’s 1st transaction in Wisconsin.
Investment Fate
  • OnCourse Learning was divested to a consortium of strategic buyers in 2022.

Investment Summary

Date 2019-04-15
Target OnCourse Learning
Sector Education
Investor(s) Adtalem Global Education
Sellers(s) Bertelsmann
Deal Type Divestiture
Deal Value 121M USD
Advisor(s) Macquarie Capital (Financial)
Manatt, Phelps & Phillips (Legal)

Target

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.

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Investor(S) 1

Investor

Adtalem Global Education

Chicago, Illinois, United States

Category Company
Founded 1987
Sector Education
Employees4,624
Revenue 1.6B USD (2024)
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 the 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 6 of 7
Sector: Education M&A 5 of 5
Type: Divestiture M&A Deals 1 of 2
State: Wisconsin M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2019 M&A 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-15 Grupo Ibmec Educacional S.A.

Sao Paulo, Brazil

Grupo Ibmec Educacional S.A. is a provider of educational services.

Buy RON699M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-11 Walden University

Minneapolis, Minnesota, United States

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

Buy $1.5B

Seller(S) 1

SELLER

Bertelsmann

Gutersloh, Germany

Category Company
Founded 1835
Sector Media
Employees132,842
Revenue 17.1B EUR (2015)
DESCRIPTION

Bertelsmann is a German multinational mass media corporation. Bertelsmann was founded in 1835 and is based in Gutersloh, Germany.


DEAL STATS #
Overall 6 of 6
Sector: Education M&A 1 of 1
Type: Divestiture M&A Deals 6 of 6
State: Wisconsin M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Shiprocket

New Delhi, India

Shiprocket is a provider of an automated shipping solution. Shiprocket is based in New Delhi, India.

Buy -