M&A Deal Summary

Centre Lane Partners Acquires Infobase Learning

On January 8, 2018, private equity firm Centre Lane Partners acquired internet software and services company Infobase Learning from VSS Capital Partners

Acquisition Highlights
  • This is Centre Lane Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Centre Lane Partners’ 12th transaction in the United States.
  • This is Centre Lane Partners’ 2nd transaction in New York.

M&A Deal Summary
Date 2018-01-08
Target Infobase Learning
Sector Internet Software and Services
Buyer(s) Centre Lane Partners
Sellers(s) VSS Capital Partners
Deal Type Secondary Buyout
Advisor(s) Signal Hill Capital Group LLC (Financial)

Target

Infobase Learning

New York, New York, United States
Infobase Learning is a cloud-based subscription provider of digital educational content solutions to colleges and universities, K-12 schools, public libraries and enterprises. Product formats include books, eBooks, online databases, eLearning Modules, videos, and digital products under such well-known names as Facts On File, Films for the Humanities & Sciences, Cambridge Educational, Chelsea House, Bloom's Literary Criticism, World Almanac, and Ferguson Publishing. With thousands of titles and numerous award winners, Infobase provides students, librarians, and educators with authoritative, reliable resources supporting the curriculum across a wide variety of subject areas˜from history, science, and literature to careers, health, and social issues.

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Buyer(S) 1

Buyer

Centre Lane Partners

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Centre Lane Partners is a private investment firm focused on making credit and equity, control and non-control, investments in North American middle-market companies. Centre Lane targets companies with revenues between $20 and $500 million that have leading market positions and sustainable competitive advantages in their respective niches. The Firm does not have any sector preferences and seeks to invest $5 to $250 million per transaction. Centre Lane Partners was formed in 2007 and is headquartered in New York City.

DEAL STATS #
Overall 13 of 17
Sector (Internet Software and Services) 1 of 2
Type (Secondary Buyout) 4 of 6
State (New York) 2 of 3
Country (United States) 12 of 16
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 Alternative Biomedical Solutions

Carrollton, Texas, United States

Alternative Biomedical Solutions is a supplier of high-performance mass spectrometry, toxicology and chemistry measurement systems. ABS offers a comprehensive line of analyzers, reagents, consumables, laboratory data management systems, and customized service agreements. Alternative Biomedical Solutions is based in Carrollton, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 Turning Technologies

Youngstown, Ohio, United States

Turning Technologies LLC develops interactive response systems utilizing software and hardware tools available and transforms them into state of the art applications for audience response. Turning's flagship products, the TurningPoint Software and ResponseCard (Keypads), integrate with Microsoft's PowerPoint software, providing the most advanced combination of knowledge and technology currently available in the field of audience and student assessment. Turning Technologies was founded in 2002 and is based in Youngstown, Ohio.

Buy -

Seller(S) 1

SELLER

VSS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

VSS Capital Partners is a private equity firm that targets investments in the media, communications, education, and information services sectors. VSS looks for opportunities with valuable brand franchises, stable cash flows, and infrastructure to support add-ons. The Firm will consider businesses throughout North America and Europe valued between $50 and $750 million. Prospective investment situations include management buyouts/buy-ins, expansion or acquisition financings, recapitalizations, build-ups, going private transactions, and partnerships. VSS was formed in 1981 and is based in New York City.

DEAL STATS #
Overall 47 of 56
Sector (Internet Software and Services) 2 of 2
Type (Secondary Buyout) 20 of 23
State (New York) 5 of 6
Country (United States) 35 of 43
Year (2018) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-29 Remedy Health Media

New York, New York, United States

Remedy Health Media is a digital health platform specializing in inspirational video-based storytelling and award-winning digital brands. The Company's portfolio of brands includes HealthCentral, TheBody, TheBodyPro, BerkeleyWellness, and Healthcommunities. Remedy Health Media was founded in 1994 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 Caravan Health

Kansas City, Missouri, United States

Caravan Health is a provider of value-based care advisory services for hospitals and physician practices. It enables healthcare providers to qualify, participate and succeed under value-based payment models, with a focus on Medicare Accountable Care Organizations. Covering almost a million patient lives, the company has helped more than 14,000 providers implement population health programs with affordable, end-to-end solutions to achieve superior results. Through its unique approach, the company's partner hospitals are able to achieve high-quality scores, new competencies, and strong physician relationships that have traditionally been out of reach, while still reducing overall care costs. Caravan Health was formed in 2013 and is based in Kansas City, Missouri.

Buy -
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