M&A Deal Summary

Levine Leichtman Capital Partners Acquires Expert Institute

On September 30, 2024, mezzanine finance firm Levine Leichtman Capital Partners acquired information technology company Expert Institute from Spectrum Equity

Acquisition Highlights
  • This is Levine Leichtman Capital Partners’ 1st transaction in the Information Technology sector.
  • This is Levine Leichtman Capital Partners’ 71st transaction in the United States.
  • This is Levine Leichtman Capital Partners’ 1st transaction in New York.

M&A Deal Summary
Date 2024-09-30
Target Expert Institute
Sector Information Technology
Buyer(s) Levine Leichtman Capital Partners
Sellers(s) Spectrum Equity
Deal Type Secondary Buyout
Advisor(s) Aeris Partners LLC (Financial)
Cooley (Legal)

Target

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.

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Buyer(S) 1

Buyer

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.

DEAL STATS #
Overall 87 of 88
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 32 of 33
State (New York) 1 of 1
Country (United States) 71 of 71
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-10 Improve International

Swindon, United Kingdom

Improve International organizes CPD courses for veterinary professionals, Republic of Ireland, Scandinavia and mainland Europe from its bases in the Portugal. Led by veterinary experts in their field, Improve’s courses are run privately and are accredited by the European School of Veterinary Postgraduate Studies (ESVPS) and/or Harper Adams University. Improve, in partnership with ESVPS and Harper Adams University, also provides courses and qualifications for Official Veterinarians in England, Scotland, and Wales. Improve International was founded in 1998 and is based in Swindon, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-24 Schuelerhilfe

Gelsenkirchen, Germany

Schuelerhilfe is an operator and franchisor of site-based and online tutoring in the DACH region. The Company offers tutoring services focused on improving students' academic outcomes and progression, along with an expanding adult education offering. It offers tailored and focused, small-group and one-on-one tutoring sessions held both in-person and online. Schuelerhilfe was formed in 1974 and is based in Gelsenkirchen, Germany.

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 74 of 76
Sector (Information Technology) 5 of 5
Type (Secondary Buyout) 9 of 10
State (New York) 9 of 10
Country (United States) 65 of 67
Year (2024) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-13 Datassential

Chicago, Illinois, United States

Datassential provides data, intelligence, and market research to the food service industry. Datassential makes the global food industry smarter. Hundreds of food manufacturers, chain restaurants, and major food retailers use its trend software, consumer insights, and cutting-edge AI to innovate and sell more effectively. Datassential was founded in 1999 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-15 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.

Sell -
Mergr

Product

Company

Legal