M&A Deal Summary

Lindenwood University Acquires Dorsey School of Business

On March 30, 2023, Lindenwood University acquired education company Dorsey School of Business from Gemini Investors and Quad Partners

Acquisition Highlights
  • This is Lindenwood University’s 1st transaction in the Education sector.
  • This is Lindenwood University’s 1st transaction in the United States.
  • This is Lindenwood University’s 1st transaction in Michigan.

M&A Deal Summary
Date 2023-03-30
Target Dorsey School of Business
Sector Education
Buyer(s) Lindenwood University
Sellers(s) Gemini Investors
Quad Partners
Deal Type Add-on Acquisition

Target

Dorsey School of Business

Madison Heights, Michigan, United States
Dorsey School of Business operates nine career schools in suburban Detroit. Dorsey offers career training school that prepares individuals for promising career opportunities, technology training, and certifications for the medical, culinary arts, skilled trades, and cosmetology fields. Dorsey School of Business was founded in 1934 and is based in Madison Heights, Michigan.

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Buyer(S) 1

Buyer

Lindenwood University

Saint Charles, Missouri, United States
Category Company
Founded 1832
Sector Education
DESCRIPTION

Lindenwood University is a dynamic four-year institution dedicated to excellence in higher education. Lindenwood University is known nationally and internationally for innovation, entrepreneurship, and extraordinary dedication to students. Lindenwood University was founded in 1832 and is based in Saint Charles, Missouri.

DEAL STATS #
Overall 1 of 1
Sector (Education) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 2

SELLER

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.

DEAL STATS #
Overall 45 of 48
Sector (Education) 1 of 1
Type (Add-on Acquisition) 22 of 23
State (Michigan) 1 of 1
Country (United States) 45 of 48
Year (2023) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 Western Machine Works

Portland, Oregon, United States

Western Machine Works is a specialized industrial maintenance and repair business mainly serving large pulp and paper mills. Western Machine Works is a leader in the Pacific Northwest market for mechanical repair and refurbishment of rolls used in the paper manufacturing process. Western Machine Works was founded in 1985 and is based in Portland, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-18 Workplace Modular Systems

Londonderry, New Hampshire, United States

Workplace Modular Systems is a designer, manufacturer and distributor of premium modular workbench stations and accessories for commercial application in manufacturing, distribution, medical, research, educational, and government facilities. Workplace Modular Systems is based in Londonderry, New Hampshire.

Sell -
SELLER

Quad Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 1.2B USD
Size Large
Type Sector Focused
DESCRIPTION

Quad Partners is a specialist private investment firm that makes investments in the education industry. Quad will invest in a broad range of transactions; including buyouts, growth capital financings, recapitalizations, and refinancings. Prospective businesses are typically growth oriented and cash-flow positive. Specific areas of interest include postsecondary schools, K-12 proprietary schools, childcare, tutoring, educational products and services, professional education and journals, corporate training, and online journals. Quad Partners was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 17 of 17
Sector (Education) 11 of 11
Type (Add-on Acquisition) 11 of 11
State (Michigan) 1 of 1
Country (United States) 17 of 17
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 15Five

San Francisco, California, United States

15Five is a human-centered performance management platform that creates effective managers, highly engaged employees, and top-performing organizations. From engagement surveys and 1-on-1 tools to performance reviews and OKRs, 15Five is the most complete solution that combines software, education, and community to develop successful managers and unlock peak employee performance. 15Five was founded in 2011 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-17 Edwin Group

Newcastle upon Tyne, United Kingdom

Edwin Group is a collection of businesses that recruit and supply teachers and support staff for primary, secondary, and special educational needs and disability (SEND) schools and other learning institutions. Edwin Group was founded in 2008 and based in Newcastle upon Tyne, United Kingdom.

Buy -
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