Investment Summary

MidOcean Partners and New Mountain Capital Invest In Strayer Education

On November 29, 2000, private equity firms MidOcean Partners and New Mountain Capital invested in education company Strayer Education

Investment Highlights
  • This is MidOcean Partners’ 1st and New Mountain Capital’s 1st transaction in the Education sector.
  • This is MidOcean Partners’ 3rd and New Mountain Capital’s 1st transaction in the United States.
  • This is MidOcean Partners’ 1st and New Mountain Capital’s 1st transaction in Virginia.

Investment Summary

Date 2000-11-29
Target Strayer Education
Sector Education
Investor(s) MidOcean Partners
New Mountain Capital
Deal Type PIPE

Target

Strayer Education

Herndon, Virginia, United States
Strayer Education is an education services holding company that owns Strayer University and certain other assets. Strayer's mission is to make higher education achievable for working adults in today's economy. Strayer Education was founded in 1892 and is based in Herndon, Virginia.

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Investor(S) 2

Investor

MidOcean Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 4 of 61
Sector: Education M&A 1 of 3
Type: PIPE M&A Deals 1 of 1
State: Virginia M&A 1 of 3
Country: United States M&A 3 of 56
Year: 2000 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-01 Jostens

Minneapolis, Minnesota, United States

Jostens is a producer of school-related affinity products, including yearbooks, class rings, announcements and accessories, diplomas, caps and gowns and school photography. Jostens' products celebrate important moments and recognize achievements in high schools, colleges and middle schools and the Company is also a provider of products to athletic chmiampions and their fans. Jostens was founded in 1897 and is based in Minneapolis, Minnesota.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 LA Fitness International

Irvine, California, United States

LA Fitness is a operator of full-service fitness clubs and currently serves over 1,000,000 members in over 275 clubs from New York to California. Clubs range in size from 20,000 to 60,000 square feet and typically offer access to circuit training equipment, free weights, cardiovascular equipment, aerobics programs, swimming pools, whirlpools, saunas and steam rooms, as well as racquetball and basketball courts.

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Investor

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 1999 and is based in New York, New York.


DEAL STATS #
Overall 1 of 103
Sector: Education M&A 1 of 1
Type: PIPE M&A Deals 1 of 3
State: Virginia M&A 1 of 5
Country: United States M&A 1 of 98
Year: 2000 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-29 Surgis

Nashville, Tennessee, United States

Surgis, Inc. is a provider of scopes, instrumentations, supplies, and personnel to maintain and support the endoscopic services of general hospitals.

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