M&A Deal Summary

Edmentum Acquires Apex Learning

On June 22, 2021, Edmentum acquired education company Apex Learning from Education Growth Partners

Acquisition Highlights
  • This is Edmentum’s 4th transaction in the Education sector.
  • This is Edmentum’s 6th transaction in the United States.
  • This is Edmentum’s 1st transaction in Washington.

M&A Deal Summary
Date 2021-06-22
Target Apex Learning
Sector Education
Buyer(s) Edmentum
Sellers(s) Education Growth Partners
Deal Type Add-on Acquisition
Advisor(s) Kramer Levin Naftalis & Frankel (Legal)

Target

Apex Learning

Seattle, Washington, United States
Apex Learning offers a rigorous, standards-based curriculum to meet the needs of all students—from those who are struggling to those who are capable of accelerating. Comprehensive Courses provide a proven option for original credit and credit recovery, and Adaptive Tutorials meet individual student needs for intervention, remediation, and high-stakes exam preparation. Apex Learning was founded in 1997 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Edmentum

Bloomington, Minnesota, United States
Category Company
Founded 1960
Sector Information Technology
DESCRIPTION

Edmentum provides education technology solutions for kindergarten through adult learners, offering curricula for reading, writing, mathematics, science, social studies, and life and job skills. Edmentum was founded in 1960 and is based in Bloomington, Minnesota.

DEAL STATS #
Overall 6 of 6
Sector (Education) 4 of 4
Type (Add-on Acquisition) 5 of 5
State (Washington) 1 of 1
Country (United States) 6 of 6
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 Calvert Education

Hunt Valley, Maryland, United States

Calvert Education is a provider of K‐12 distance learning curriculum and educational support services to students around the world. Calvert Education is based in Hunt Valley, Maryland.

Buy -

Seller(S) 1

SELLER

Education Growth Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Focused
DESCRIPTION

Education Growth Partners is a private equity firm focused on the education sector. Specific areas of interest include education institutions, educational services, tech-based solutions and services, and publishing/content providers. Transactions of interest include small buyouts and funding growth capital needs. Education Growth Partners is based in Stamford, Connecticut.

DEAL STATS #
Overall 5 of 6
Sector (Education) 2 of 3
Type (Add-on Acquisition) 4 of 5
State (Washington) 1 of 1
Country (United States) 5 of 6
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-07 Escholar

White Plains, New York, United States

Escholar is a data analytics software provider. Supporting pre-K through postsecondary student achievement (PK-20), eScholar delivers a suite of data warehouse and unique identification management solutions. Escholar was founded in 1997 and is based in White Plains, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 Human Capital Institute

Cincinnati, Ohio, United States

Human Capital Institute is a provider of events and educational resources focused on human capital management with an emphasis on information and training regarding the ability to recruit and retain profitable employees. Human Capital Institute was founded in 2005 and is based in Cincinnati, Ohio.

Sell -
Mergr

Product

Company

Legal