M&A Deal Summary

Carrick Capital Partners Acquires Flatiron School

On June 30, 2020, growth capital firm Carrick Capital Partners acquired education company Flatiron School from WeWork

Acquisition Highlights
  • This is Carrick Capital Partners’ 1st transaction in the Education sector.
  • This is Carrick Capital Partners’ 17th transaction in the United States.
  • This is Carrick Capital Partners’ 2nd transaction in New York.

M&A Deal Summary

Date 2020-06-30
Target Flatiron School
Sector Education
Buyer(s) Carrick Capital Partners
Sellers(s) WeWork
Deal Type Divestiture

Target

Flatiron School

New York, New York, United States
Flatiron School is a provider of training programs in web application development. Flatiron School was established in 2012 and is based in New York City.

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Buyer(S) 1

Buyer

Carrick Capital Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

Carrick Capital Partners is a private equity firm focused on 'tech-enabled' businesses (business process outsourcing, transaction processing, and software) where the firm can leverage its expertise in building value. Carrick typically makes direct investments in privately-held companies with proven potential for fast growth and/or profitability. Prospective companies generally have revenues of $20 to $100 million with gross margins in excess of 40%. Carrick Capital is based in San Francisco.


DEAL STATS #
Overall 18 of 24
Sector (Education) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 2 of 4
Country (United States) 17 of 23
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-31 Bay Dynamics

San Francisco, California, United States

Bay Dynamics, Inc. is an operator of a cyber risk analytics company that helps companies measure, communicate and reduce cyber risk. The company’s flagship analytics software, Risk Fabric, automates the process of analyzing security information so that it’s traceable, trustworthy and prioritized. Bay Dynamics was founded in 2001 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Accolade

Plymouth Meeting, Pennsylvania, United States

Accolade is a provider of employee benefit services that simplifies healthcare complexity for the employees of large employers. Each employee and their family get their own professional Accolade Health Assistant who knows them, knows their benefits, and helps them navigate the healthcare system. Accolade was founded in 2007 and is based in Plymouth Meeting, Pennsylvania.

Sell -

Seller(S) 1

SELLER

WeWork

New York, New York, United States

Category Company
Founded 2010
Sector Real Estate
Revenue 3.2B USD (2022)
DESCRIPTION
WeWork co-working office in Austin, Texas.
WeWork co-working office in Austin, Texas.

WeWork is a global network of co-working offices and living spaces that looks to foster a community amongst its members. WeWork was established in 2010 and is based in New York City.


DEAL STATS #
Overall 7 of 7
Sector (Education) 1 of 1
Type (Divestiture) 5 of 5
State (New York) 5 of 5
Country (United States) 7 of 7
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-13 SpaceIQ

Mountain View, California, United States

SpaceIQ LLC provides mid-market companies with easy-to-use tools to access data across the entire enterprise that optimize space use, meeting room coordination, workplace moves, and asset management. SpaceIQ was founded in 2016 and is based in Mountain View, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-25 Common Desk

Dallas, Texas, United States

Common Desk is a premier flexible workspace provider that has expanded its network to serve 4,000 customers at a total of 23 locations across 13 cities in Texas and North Carolina. Common Desk was founded in 2012 and is based in Dallas, Texas.

Buy -