M&A Deal Summary

HarbourVest Partners Acquires ACG Schools

On September 1, 2018, private equity firm HarbourVest Partners acquired education company ACG Schools

Acquisition Highlights
  • This is HarbourVest Partners’ 2nd transaction in the Education sector.
  • This is HarbourVest Partners’ 1st transaction in New Zealand.

M&A Deal Summary

Date 2018-09-01
Target ACG Schools
Sector Education
Buyer(s) HarbourVest Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

ACG Schools

Auckland, New Zealand
ACG Schools is a private education company that operates schools and preschools. ACG Schools was founded in 1994 and is based in Auckland, New Zealand.

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Buyer(S) 1

Buyer

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 184 of 223
Sector (Education) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 40 of 41
Country (New Zealand) 1 of 1
Year (2018) 17 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-27 Aspen Insurance Holdings

Hamilton, Bermuda

Aspen Insurance Holdings is a provider of reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Australia, Bermuda, Canada, Ireland, Singapore, Switzerland, the United Arab Emirates, the United Kingdom and the United States. Aspen Insurance Holdings was founded in 2002 and is based in Hamilton, Bermuda.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-11 Paycor

Cincinnati, Ohio, United States

Paycor delivers modern, intuitive recruiting, HR, and payroll solutions. The company partners with businesses to optimize the management of their most valuable assets. Paycor’s personalized support and user-friendly technology ensure that key business processes, including recruiting, onboarding, reporting, timekeeping, compliance, and payroll, run smoothly. Paycor’s people operations solutions are recommended by today’s most innovative brokers, bankers, and CPAs. Paycor was formed in 1990 and is based in Cincinnati, Ohio.

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