M&A Deal Summary

Eurazeo PME and Primavera Capital Group Acquire Worldstrides

On November 9, 2017, private equity firms Eurazeo PME and Primavera Capital Group acquired education company Worldstrides from Metalmark Capital and Silverhawk Capital Partners

Acquisition Highlights
  • This is Eurazeo PME’s 2nd and Primavera Capital Group’s 2nd transaction in the Education sector.
  • This is Eurazeo PME’s 2nd and Primavera Capital Group’s 2nd transaction in the United States.
  • This is Eurazeo PME’s 2nd and Primavera Capital Group’s 1st transaction in Virginia.

M&A Deal Summary
Date 2017-11-09
Target Worldstrides
Sector Education
Buyer(s) Eurazeo PME
Primavera Capital Group
Sellers(s) Metalmark Capital
Silverhawk Capital Partners
Deal Type Secondary Buyout

Target

Worldstrides

Charlottesville, Virginia, United States
WorldStrides is a provider of experiential learning to over 400,000 students per year covering academic, professional, performing arts, and athletic programming. The company partners with more than 7,000 K-12 schools and 800 universities, including MBA programs. Worldstrides was founded in 1967 and is based in Charlottesville, Virginia.

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Buyer(S) 2

Buyer

Eurazeo PME

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eurazeo PME, formerly known as OFI Private Equity Capital. Eurazeo PME invests equity and mezzanine capital in secondary buyout transactions of unlisted French companies. The Firm looks for opportunities valued between €50 and €250 million. Areas of interest include chemicals, financial services, consumer services, retail, manufacturing, distribution, and life science. Eurazeo PME was formed in 1997 and is based in Paris.

DEAL STATS #
Overall 41 of 82
Sector (Education) 2 of 2
Type (Secondary Buyout) 17 of 31
State (Virginia) 2 of 2
Country (United States) 2 of 12
Year (2017) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Geolid

Lyon, France

Geolid is a local marketing platform that centralizes marketing tools and facilitates collaboration with clients network. Geolid was founded in 2008 and is based in Lyon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-28 Doctolib

Levallois-Perret, France

Doctolib is a online booking platform and web services provider for healthcare professionals. Doctolib’s sites bring together 30,000 subscriber healthcare professionals, 800 partner healthcare facilities and 12 million visitors each month. Doctolib was founded in 2013 and is based in Levallois-Perret, France. ,

Buy -
Buyer

Primavera Capital Group

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Primavera Capital Group is a private investment firm focused on private equity and special situations opportunities in China. The Firm employs a flexible strategy of growth capital, control-oriented, and restructuring investments and seeks to create long-term value by working closely with portfolio companies to improve operational efficiency, competitiveness, and earnings growth. Primavera Capital Group was established in 2010 and is based in Beijing.

DEAL STATS #
Overall 3 of 6
Sector (Education) 2 of 2
Type (Secondary Buyout) 2 of 2
State (Virginia) 1 of 1
Country (United States) 2 of 3
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-01 Stratford School

Campbell, California, United States

Stratford School is a provider of academic programs for preschool, elementary, middle school and distance learning students. The company offers preschool, pre-kindergarten and grade one to eight classes. Stratford School was founded in 1999 and is based in Campbell, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 Zuoyebang

Guangzhou, China

Zuoyebang is the largest online K-12 platform in China. It allows students to take a picture of their questions, search for answers and seek mentoring. Zuoyebang is based in Guangzhou, China.

Buy -

Seller(S) 2

SELLER

Metalmark Capital

New York, New York, United States
Category Private Equity Firm
Founded 2004
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Metalmark Capital is an independent private equity group focused on large company transactions in a wide range of industries. Metalmark is a hands-on investment firm looking to build long-term value in its portfolio companies. Broad areas of interest include natural resources/energy, healthcare services, industrials, food, transportation, and financial services. Metalmark was established in 2004 by the former principals of Morgan Stanley Capital Partners to manage the Metalmark Capital and Morgan Stanley Capital Partners funds. Metalmark is based in New York City.

DEAL STATS #
Overall 35 of 40
Sector (Education) 1 of 1
Type (Secondary Buyout) 4 of 6
State (Virginia) 3 of 3
Country (United States) 34 of 37
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-04 Bostwick Laboratories

Glen Allen, Virginia, United States

Bostwick Laboratories, Inc. is a provider of referral laboratory for prostate and urologic biopsies. Bostwick Laboratories also has expertise and a growing presence in the dermatology, gastroenterology, gynecology, and nephrology sectors of the anatomic pathology market. Bostwick Laboratories was established in and is headquartered in Glen Allen, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-29 T. Parker Host

Norfolk, Virginia, United States

T. Parker Host is a total solutions provider for the maritime industry, specializing in agency services, terminal operations, stevedoring and marine assets. The entire Host team focuses on customer needs while adding value to every operation. T. Parker Host was founded in 1923 and is based in Norfolk, Virginia.

Buy -
SELLER

Silverhawk Capital Partners

Greenwich, Connecticut, United States
Category Private Equity Firm
Founded 2005
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Silverhawk Capital Partners is a private equity firm that targets recapitalizations of family owned business, acquisitions of divisions of larger corporations, and acquisitions of growth platform businesses. Sectors of interest include manufacturing, industrial products, chemicals, business services, distribution, data management, consumer services, energy, and natural resources. The Firm looks to invest $25 to $175 million of equity capital in companies valued up to $1 billion. Silverhawk Capital Partners was established in 2005 and has offices in Greenwich, Connecticut and Charlotte, North Carolina.

DEAL STATS #
Overall 4 of 5
Sector (Education) 2 of 2
Type (Secondary Buyout) 3 of 3
State (Virginia) 2 of 2
Country (United States) 4 of 4
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-11 Worldstrides

Charlottesville, Virginia, United States

WorldStrides is a provider of experiential learning to over 400,000 students per year covering academic, professional, performing arts, and athletic programming. The company partners with more than 7,000 K-12 schools and 800 universities, including MBA programs. Worldstrides was founded in 1967 and is based in Charlottesville, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Incline Energy Partners

Dallas, Texas, United States

Incline Energy Partners is an oil and gas drilling company focused on the Niobrara share in northeast Colorado. Incline Energy Partners was established in 2018 and is based in Dallas, Texas.

Buy -
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