M&A Deal Summary

Grand Canyon Education Acquires Orbis Education Services

On December 18, 2018, Grand Canyon Education acquired education company Orbis Education Services from LLR Partners for 363M USD

Acquisition Highlights
  • This is Grand Canyon Education’s 1st transaction in the Education sector.
  • This is Grand Canyon Education’s largest (disclosed) transaction.
  • This is Grand Canyon Education’s 1st transaction in the United States.
  • This is Grand Canyon Education’s 1st transaction in Indiana.

M&A Deal Summary

Date 2018-12-18
Target Orbis Education Services
Sector Education
Buyer(s) Grand Canyon Education
Sellers(s) LLR Partners
Deal Type Add-on Acquisition
Deal Value 363M USD
Advisor(s) Macquarie Capital (Financial)
Morgan Lewis (Legal)

Target

Orbis Education Services

Carmel, Indiana, United States
Orbis Education Services LLC is a healthcare education services provider striving to alleviate nursing workforce shortages through programs focused on academic quality and student preparedness. The company marries online education with onsite clinical application to create collaborative, customized solutions that help colleges, universities and healthcare systems expand their nursing programs.

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Buyer(S) 1

Buyer

Grand Canyon Education

Phoenix, Arizona, United States

Category Company
Founded 1949
Sector Education
Employees3,650
Revenue 961M USD (2023)
DESCRIPTION

Grand Canyon Education provides postsecondary education services focused on offering graduate and undergraduate degree programs in core disciplines of education, healthcare, business, and liberal arts. Grand Canyon Education was founded in 1949 and is based in Phoenix, Arizona.


DEAL STATS #
Overall 1 of 1
Sector (Education) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 48 of 76
Sector (Education) 3 of 4
Type (Add-on Acquisition) 30 of 47
State (Indiana) 1 of 1
Country (United States) 47 of 75
Year (2018) 5 of 5
Size (of disclosed) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Celero

Brentwood, Tennessee, United States

Celero is a full-service, integrated electronic commerce solutions provider powered by edge technology, strategic partnerships, and business intelligence. Celero offers payment processing services, business management software, and data intelligence to small and medium-sized businesses, empowering them to drive growth and profitability. Celero is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 INTELITY

Los Angeles, California, United States

INTELITY provides an advanced hospitality technology platform for managing guest experience and staff operations to the hotel, casino, cruise, and luxury residential markets. INTELITY is based in Los Angeles, California.

Buy -