M&A Deal Summary

Graham Holdings Acquires Avenue100 Media Solutions

On October 1, 2007, Graham Holdings acquired education company Avenue100 Media Solutions from ABS Capital Partners

Acquisition Highlights
  • This is Graham Holdings’ 1st transaction in the Education sector.
  • This is Graham Holdings’ 3rd transaction in the United States.
  • This is Graham Holdings’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2007-10-01
Target Avenue100 Media Solutions
Sector Education
Buyer(s) Graham Holdings
Sellers(s) ABS Capital Partners
Deal Type Add-on Acquisition

Target

Avenue100 Media Solutions

Woburn, Massachusetts, United States
CourseAdvisor is a premier online lead generation and marketing solutions provider for the post secondary education market. With more than 1.5 million unique visitors per month, CourseAdvisor.com has become a leading online education directory (OED) featuring information on more than 6,000 programs offered at colleges and universities throughout North America.

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Buyer(S) 1

Buyer

Graham Holdings

Arlington, Virginia, United States

Category Company
Founded 1877
Sector Diversified
Employees14,110
Revenue 4.4B USD (2023)
DESCRIPTION

Graham Holdings is a diversified education and media company whose principal operations include educational services; television broadcasting; online, print and local TV news; home health and hospice care; and custom manufacturing. The Company owns Kaplan, a leading global provider of educational services; Graham Media Group (WDIV–Detroit, KPRC–Houston, WKMG–Orlando, KSAT–San Antonio, WJXT–Jacksonville); The Slate Group (Slate and Panoply); and Foreign Policy. The Company also owns Trove, a social news aggregator; SocialCode, a leading social marketing solutions company; Celtic Healthcare and Residential Healthcare Group, home health and hospice providers; Joyce/Dayton Corp., a manufacturer of screw jacks, linear actuators and lifting systems; and Forney Corporation, a manufacturer of burners, igniters, dampers and controls for combustion processes in electric utility and industrial applications. Graham Holdings was founded in 1877 and is based in Arlington, Virginia.


DEAL STATS #
Overall 3 of 15
Sector (Education) 1 of 1
Type (Add-on Acquisition) 1 of 9
State (Massachusetts) 1 of 1
Country (United States) 3 of 15
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-14 Slate

United States

Slate is an online magazine focused on commentary and current affairs. It was formed in 1996.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-10 Trove

So. San Francisco, California, United States

We are building a personalized information filtering system for the mainstream audience. The product will allow users to get information they want across a broad range of interests and needs.

Buy -

Seller(S) 1

SELLER

ABS Capital Partners

Hunt Valley, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ABS Capital Partners is a private equity firm that invests in later-stage growth companies in the healthcare, technology, business services, media and communications sectors. ABS provides capital to help fund growth, provide shareholder liquidity, pursue acquisitions, or to effect a management buyout. The Firm prefers US based business and will consider both majority and minority positions. ABS looks to commit $10 to $30 million per transaction. ABS Capital was formed in 1990 and has offices in Baltimore, Maryland; Waltham, Massachusetts; and San Francisco, California.


DEAL STATS #
Overall 32 of 70
Sector (Education) 1 of 3
Type (Add-on Acquisition) 11 of 34
State (Massachusetts) 3 of 5
Country (United States) 32 of 69
Year (2007) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-08 Radiant Research

Tempe, Arizona, United States

Radiant Research is a comprehensive clinical research and development company serving the biopharmaceutical and medical device industry. Radiant employs over 500 clinical research professionals exclusively focused on providing professional, high quality study conduct and drug development services. In the past four years, Radiant has conducted more than 8,000 clinical trials across 18 therapeutic specialties.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-09 American Public Education

Charles Town, West Virginia, United States

American Public Education is an education services provider that offers respected, innovative, and affordable educational programs and services. American Public Education was founded in 1991 and is based in Charlestown, West Virginia.

Sell -