M&A Deal Summary

General Atlantic and Dragoneer Investment Group Acquire Arco

On August 10, 2023, growth capital firm General Atlantic and private equity firm Dragoneer Investment Group acquired education company Arco for 1.5B USD

Acquisition Highlights
  • This is General Atlantic’s 6th and Dragoneer Investment Group’s 1st transaction in the Education sector.
  • This is General Atlantic’s 8th and Dragoneer Investment Group’s largest (disclosed) transaction.
  • This is General Atlantic’s 17th and Dragoneer Investment Group’s 1st transaction in Brazil.

M&A Deal Summary

Date 2023-08-10
Target Arco
Sector Education
Buyer(s) General Atlantic
Dragoneer Investment Group
Deal Type Going Private
Deal Value 1.5B USD
Advisor(s) Davis Polk & Wardwell
Lobo & de Rizzo (Legal)

Target

Arco

Sao Paulo, Brazil
Arco provides hundreds of thousands of students' education services. Arco's data-driven learning methodology, proprietary adaptable curriculum, interactive hybrid content, and pedagogical services allow students to personalize their learning experience while enabling schools to thrive. Arco was founded in 1941 and is based in Sao Paulo, Brazil.

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Buyer(S) 2

Buyer

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 343 of 364
Sector: Education M&A 6 of 6
Type: Going Private M&A Deals 6 of 11
Country: Brazil M&A 17 of 19
Year: 2023 M&A 9 of 11
Size (of disclosed) 8 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-26 Certinia

Austin, Texas, United States

Certinia is a cloud ERP and PSA provider. Certinia offers customer-centric business applications on the cloud platform from Salesforce. Certinia was founded in 2009 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-16 Flipp

Toronto, Ontario, Canada

Flipp is a mobile consumer marketplace that is reinventing the weekly shopping experience. The Flipp app is a go-to destination for millions of consumers to access digital circulars from over 800 retailers, equaling over 140,000 store fronts to help plan weekly shopping and find the best local deals. Flipp was founded in 2007 and is based in Toronto, Ontario.

Sell -
DESCRIPTION

Dragoneer Investment Group is a growth-oriented investor in public and private companies throughout the US. Dragoneer Investment Group was established in 2012 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 8 of 9
Sector: Education M&A 1 of 1
Type: Going Private M&A Deals 1 of 1
Country: Brazil M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-24 Entrata

Lehi, Utah, United States

Entrata provides property management software with a single-login, open-access platform as a service (PaaS) system. The company offers a wide variety of online tools including websites, mobile apps, payments, lease signing, accounting, and resident management. Entrata was founded in 2003 and is based in Lehi, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-13 Core Specialty Insurance

Cincinnati, Ohio, United States

Core Specialty Insurance offers a diversified range of property and casualty insurance products for small to midsized businesses. Core Specialty Insurance is based in Cincinnati, Ohio.

Sell -