M&A Deal Summary

Monitor Clipper Partners Acquires Higher Education Partners

On May 1, 2011, private equity firm Monitor Clipper Partners acquired education company Higher Education Partners

Acquisition Highlights
  • This is Monitor Clipper Partners’ 1st transaction in the Education sector.
  • This is Monitor Clipper Partners’ 28th transaction in the United States.
  • This is Monitor Clipper Partners’ 4th transaction in Massachusetts.

M&A Deal Summary
Date 2011-05-01
Target Higher Education Partners
Sector Education
Buyer(s) Monitor Clipper Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Higher Education Partners

New Bedford, Massachusetts, United States
Higher Education Partners provides cost-effective allied health degrees by partnering with community colleges to expand their allied health programs using a hybrid model that combines on-line education with traditional classroom instruction. Higher Education Partners was founded in2010 and is based in New Bedford, Massachusetts.

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Buyer(S) 1

Buyer

Monitor Clipper Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Monitor Clipper Partners (MCP) is a private equity group formed by consulting firm The Monitor Group and private equity firm The Clipper Group. MCP targets private equity investments in middle-market companies in North America and Western Europe and looks to commit $10 to $70 million of equity per transaction. MCP does not focus on any particular sector but current portfolio companies suggest an interest in business services, natural/organic foods, specialty retail, health care services, gaming, logistics, mortgage technology, marketing services, financial services and metals. The Firm will consider both control and minority positions. Monitor Clipper Partners was formed in 1998 and is based in Cambridge, Massachusetts with additional offices in Zurich, Switzerland, Toronto, Canada, Luxembourg and London, United Kingdom.

DEAL STATS #
Overall 34 of 41
Sector (Education) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 13 of 18
State (Massachusetts) 4 of 4
Country (United States) 28 of 33
Year (2011) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-10 Medical Security Card

Tucson, Arizona, United States

Medical Security Card Co. LLC (dba ScriptSave) is a U.S. unfunded drug benefit market and has saved consumers over $2.5 billion in health care costs. The company provides customized prescription drug benefit solutions for consumers; delivered through retail pharmacies, health insurance companies, employers and PBMs. ScriptSave is headquartered in Tucson, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-12 Pharmetics

Laval, Quebec, Canada

Pharmetics is a manufacturer of private-label VMS (vitamins, minerals, supplements) and OTC (over-the-counter) drugs. Pharmetics was founded in 1956 and is based in Laval, Quebec.

Buy -
Mergr

Product

Company

Legal