M&A Deal Summary

Educational Finance Group Acquires Academic Management Services

On July 1, 1999, Educational Finance Group acquired business services company Academic Management Services from Summit Partners

Acquisition Highlights
  • This is Educational Finance Group’s 1st transaction in the Business Services sector.
  • This is Educational Finance Group’s 1st transaction in the United States.
  • This is Educational Finance Group’s 1st transaction in Massachusetts.
Investment Fate
  • Academic Management Services was divested to a strategic buyer in 2003.

M&A Deal Summary

Date 1999-07-01
Target Academic Management Services
Sector Business Services
Buyer(s) Educational Finance Group
Sellers(s) Summit Partners
Deal Type Add-on Acquisition

Target

Academic Management Services

Swansea, Massachusetts, United States
Academic Management Services Corp., is a provider of tuition budgeting programs and an originator of student loans.

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Buyer(S) 1

Buyer

Educational Finance Group

United States

Category Company
Sector Financial Services
DESCRIPTION

Educational Finance Group, a financial service company.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1999 M&A 1 of 1

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 57 of 298
Sector: Business Services M&A 4 of 19
Type: Add-on Acquisition M&A Deals 13 of 134
State: Massachusetts M&A 9 of 35
Country: United States M&A 55 of 258
Year: 1999 M&A 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-01 WebSideStory Search and Content Solutions

San Diego, California, United States

WebSideStory is a provider of Internet-based web audience analysis and Internet intelligence. The company takes the pulse of the Internet by analyzing and storing data from billions of web page views worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-06 Dorn Technology Group

Livonia, Michigan, United States

Dorn Technology Group provides software solutions for the insurance industry. Its product is used primarily by risk and claim managers, adjusters, insurance managers, attorneys, and third-party administrators.

Sell -