M&A Deal Summary

Francisco Partners Acquires VitalSource

On April 14, 2021, private equity firm Francisco Partners acquired education company VitalSource from Ingram Content Group

Acquisition Highlights
  • This is Francisco Partners’ 5th transaction in the Education sector.
  • This is Francisco Partners’ 100th transaction in the United States.
  • This is Francisco Partners’ 3rd transaction in North Carolina.

M&A Deal Summary
Date 2021-04-14
Target VitalSource
Sector Education
Buyer(s) Francisco Partners
Sellers(s) Ingram Content Group
Deal Type Divestiture

Target

VitalSource

Raleigh, North Carolina, United States
VitalSource is a developer of learning and development resources for the digital age. VitalSource is an education technology solutions provider committed to helping partners create, deliver, and distribute affordable, accessible, and impactful learning experiences worldwide. As a recognized innovator in the digital course materials market, VitalSource is best known for partnering with more than 1,000 publishers and resellers to deliver extraordinary learning experiences to millions of active users globally– and today we’re also powering new, cutting-edge technologies designed to optimize teaching and learning for maximum results. VitalSource was founded in 1994 and is based in Raleigh, North Carolina.

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Buyer(S) 1

Buyer

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.

DEAL STATS #
Overall 120 of 148
Sector (Education) 5 of 7
Type (Divestiture) 23 of 32
State (North Carolina) 3 of 4
Country (United States) 100 of 123
Year (2021) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 BARBRI

Dallas, Texas, United States

BARBRI, Inc. is a bar exam test preparation provider serving a majority of bar exam takers each year with an alumni base of over one million people. BARBRI offers a comprehensive suite of learning solutions for higher education institutions and law-related businesses which includes U.S. bar prep, curriculum, assessment, global license preparation, online program management, and professional development. BARBRI was founded in 1967 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-02 Boomi

Conshohocken, Pennsylvania, United States

Boomi instantly connects everyone to everything with its cloud-native, unified, open, and intelligent platform. Boomi's integration platform as a service (iPaaS) is trusted by more than 15,000 customers globally for its speed, ease-of-use and lower total cost of ownership. Boomi's vision is to make it quick and easy for customers and partners to discover, manage and orchestrate data, while connecting applications, processes, and people for better, faster outcomes. Boomi is based in Conshohocken, Pennsylvania.

Buy $4.0B

Seller(S) 1

SELLER

Ingram Content Group

La Vergne, Tennessee, United States
Category Company
Sector Information Services
DESCRIPTION

Ingram Content Group Inc. is a comprehensive publishing industry services company that offers numerous solutions, including physical book distribution, print-on-demand and digital services.

DEAL STATS #
Overall 2 of 2
Sector (Education) 1 of 1
Type (Divestiture) 2 of 2
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-30 Book Network Int’l

Plymouth, United Kingdom

Book Network Int’l Ltd. is an international physical and digital book distributor, based in the UK. NBNi’s client service business will stand alongside Ingram’s wide range of digital, physical and print-on-demand solutions to create a premier global services offering.

Buy -
Mergr

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