M&A Deal Summary

Kaplan Acquires SmartPros

On October 22, 2015, Kaplan acquired education company SmartPros for 17M USD

Acquisition Highlights
  • This is Kaplan’s 2nd transaction in the Education sector.
  • This is Kaplan’s largest (disclosed) transaction.
  • This is Kaplan’s 3rd transaction in the United States.
  • This is Kaplan’s 1st transaction in New York.

M&A Deal Summary
Date 2015-10-22
Target SmartPros
Sector Education
Buyer(s) Kaplan
Deal Type Add-on Acquisition
Deal Value 17M USD

Target

SmartPros

Hawthorne, New York, United States
SmartPros is a provider of accredited professional education and training, primarily in accountancy.

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Buyer(S) 1

Buyer

Kaplan

Fort Lauderdale, Florida, United States
Category Company
Founded 1938
Sector Education
DESCRIPTION
Entrance to Kaplan's corporate headquarters in Fort Lauderdale, Florida.
Entrance to Kaplan's corporate headquarters in Fort Lauderdale, Florida.

Kaplan, Inc. is a provider of an educational and career services for individuals, schools, and businesses. Kaplan serves students of all ages through a wide array of offerings including higher education, test preparation, professional training, and programs for kids in grades K through 12.

DEAL STATS #
Overall 6 of 12
Sector (Education) 2 of 7
Type (Add-on Acquisition) 6 of 10
State (New York) 1 of 2
Country (United States) 3 of 6
Year (2015) 1 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-25 Dev Bootcamp

San Francisco, California, United States

Dev Bootcamp is the originator of the software coding bootcamp model and its major player. Dev Bootcamp pioneered the model of immersive coding “bootcamps” that has since proliferated into a robust industry. Designed to give individuals the coding skills needed to secure entry-level positions in a dynamic software development job market, the 9-week Dev Bootcamp program has graduated more than 600 students since 2012 while maintaining an 85% employment rate measured four months after graduation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-30 CleanEdison

New York, New York, United States

CleanEdison, Inc. is a vocational school as a service platform specializing in the clean energy industry.

Buy -
Mergr

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