M&A Deal Summary

Leeds Equity Partners Acquires OffSec

On October 15, 2024, private equity firm Leeds Equity Partners acquired education company OffSec from Spectrum Equity

Acquisition Highlights
  • This is Leeds Equity Partners’ 17th transaction in the Education sector.
  • This is Leeds Equity Partners’ 38th transaction in the United States.
  • This is Leeds Equity Partners’ 5th transaction in New York.

M&A Deal Summary
Date 2024-10-15
Target OffSec
Sector Education
Buyer(s) Leeds Equity Partners
Sellers(s) Spectrum Equity
Deal Type Secondary Buyout
Advisor(s) J.P. Morgan Securities (Financial)

Target

OffSec

New York, New York, United States
OffSec provides online hands-on training and certification for information security professionals. The company's one-of-a-kind mix of practical, hands-on training and certification programs, virtual labs and open-source projects provide practitioners with the highly-desired offensive skills required to advance their careers and better protect their organizations. OffSec was founded in 2006 and is based in New York City.

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Buyer(S) 1

Buyer

Leeds Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 3.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Leeds Equity Partners is a specialist private equity firm that targets investments in middle-market companies operating in knowledge industries. Specific areas of interest include education (K-12, postsecondary, at-risk/special education, instruction materials, testing), training (corporate training, professional certification/continuing education, language training), and information/business services (b2b publishing, information databases/research, tradeshows/conferences, business process outsourcing, consulting, staffing, marketing). Leeds prefers investing in established companies that are leaders in their respective markets. Leeds Equity Partners was formed in 1993 and is based in New York, New York.

DEAL STATS #
Overall 41 of 42
Sector (Education) 17 of 18
Type (Secondary Buyout) 8 of 8
State (New York) 5 of 5
Country (United States) 38 of 39
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-29 TouchMath

Colorado Springs, Colorado, United States

TouchMath is a publisher and distributor of supplemental math curriculum materials. TouchMath was founded in 1975 and is based in Colorado Springs, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-28 Archer Review

Dallas, Texas, United States

Archer Review provides medical and nursing exam preparation resources, dedicated to empowering nursing professionals at every stage of their academic and professional journey. With a comprehensive suite of study materials, expert tutoring, and personalized support, the company helps students achieve their goals and succeed in their healthcare careers. Archer Review is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

Spectrum Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 8.2B USD
Size Mega
Type Sector Focused
DESCRIPTION

Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $150 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.

DEAL STATS #
Overall 75 of 76
Sector (Education) 3 of 3
Type (Secondary Buyout) 10 of 10
State (New York) 10 of 10
Country (United States) 66 of 67
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-30 Expert Institute

New York, New York, United States

Expert Institute is a technology-driven platform for connecting qualified experts in every field with lawyers looking for technical expertise, consultative support, expert witness testimony, and case-specific guidance. The Company combines a vast database of pre-screened experts with a talented case management team capable of custom recruiting experts to fit the specific needs of our clients. Expert Institute was founded in 2010 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 Visual Lease

Woodbridge, New Jersey, United States

Visual Lease is an accounting software provider including comprehensive and sophisticated real estate and equipment lease management and accounting software platforms for public and private companies, government entities and other organizations with 50 to 20,000+ leases. Visual Lease was founded in 1995 and is based in Woodbridge, New Jersey.

Sell -
Mergr

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