M&A Deal Summary |
|
|---|---|
| Date | 2010-01-05 |
| Target | Heald College |
| Sector | Education |
| Buyer(s) | Corinthian Colleges |
| Sellers(s) | Summit Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 395M USD |
| Advisor(s) | Kirkland & Ellis Dow Lohnes PLLC Finn Dixon & Herling (Legal) |
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| Category | Company |
|---|---|
| Founded | 1995 |
| Sector | Education |
| Employees | 10,100 |
| Revenue | 1.6B USD (2013) |
Corinthian Colleges, Inc. is a post-secondary education companies in the United States and Canada, with more than 113,800 students enrolled. Corinthian company operates 100 schools in 25 states and 17 schools in Canada. CCi serves the large and growing segment of the population seeking to acquire career-oriented education.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Education) | 2 of 2 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (California) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2010) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-06-10 |
Career Choices
Evansville, Indiana, United States Lombard and management formed Career Choices, Inc. ("CCI") to make acquisitions in the post-secondary proprietary education industry in the U.S. CCI made its initial acquisition in 1998, purchasing Sequoia Institute, a vocational school with offerings in automotive and climate control and refrigeration technologies. In 1999, Lombard provided additional capital to help fund CCI's acquisitions of Ashmead College and Eton Technical Institute, both post-secondary schools offering curricula in the allied health fields. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 143 of 285 |
| Sector (Education) | 2 of 4 |
| Type (Add-on Acquisition) | 65 of 127 |
| State (California) | 44 of 62 |
| Country (United States) | 137 of 246 |
| Year (2010) | 1 of 10 |
| Size (of disclosed) | 15 of 49 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-01-01 |
Salient Partners
Houston, Texas, United States Salient Partners is an investment management firm and a recognized innovator in the development, management, and delivery of sophisticated, non-traditional investment solutions for both institutional and retail investors. Salient Partners is based in Houston, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-01-08 |
Anesthetix Holdings
Palm Beach Gardens, Florida, United States Anesthetix Holdings LLC is a nationally recognized provider of comprehensive anesthesiology and pain management services for hospitals and surgery centers throughout the United States. Working with more than 180 providers in 10 states, Anesthetix has developed a unique service platform sought after by both healthcare providers and healthcare managers alike. |
Sell | - |
