M&A Deal Summary

Connections Education Acquires Advanced Academics

On December 31, 2013, Connections Education acquired education company Advanced Academics from Adtalem Global Education

Acquisition Highlights
  • This is Connections Education’s 2nd transaction in the Education sector.
  • This is Connections Education’s 2nd transaction in the United States.
  • This is Connections Education’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2013-12-31
Target Advanced Academics
Sector Education
Buyer(s) Connections Education
Sellers(s) Adtalem Global Education
Deal Type Divestiture

Target

Advanced Academics

Oklahoma City, Oklahoma, United States
Advanced Academics, Inc. is a distance learning company that offers accredited secondary school courses for students in grades 7 – 12 via the Internet.

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Buyer(S) 1

Buyer

Connections Education

Baltimore, Maryland, United States
Category Company
Sector Education
DESCRIPTION

Connections Education® is an accredited provider of high-quality, highly accountable virtual education solutions for students in grade K–12.

DEAL STATS #
Overall 2 of 2
Sector (Education) 2 of 2
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 2 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-18 Connections Academy

Baltimore, Maryland, United States

Connections Academy operates 'virtual schools' under management contracts from state charter schools and school districts. This arrangement provides the structure of traditional brick-and-mortar schooling and eliminates the cost to parents. Parents or other 'Learning Coaches' assist with the day-to-day learning using the Company's proven curriculum that incorporates comprehensive daily lesson plans, textbooks from leading educational publications, and online lessons.

Buy $400M

Seller(S) 1

SELLER

Adtalem Global Education

Chicago, Illinois, United States
Category Company
Founded 1987
Sector Education
Employees4,368
Revenue 1.5B USD (2023)
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 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 1 of 3
Sector (Education) 1 of 3
Type (Divestiture) 1 of 3
State (Oklahoma) 1 of 1
Country (United States) 1 of 3
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-18 U.S. Education

Alhambra, California, United States

Carrington Colleges acquire, develop, and grow private career colleges throughout the Western United States. The company's colleges offer postsecondary education programs.

Buy $290M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Damásio Educacional SA

Sao Paulo, Brazil

Damásio Educacional SA providers of test preparation for the bar examination in Brazil and also offers undergraduate and graduate law programs.

Buy -
Mergr

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