M&A Deal Summary

NIIT Acquires CognitiveArts

On February 12, 2003, NIIT acquired education company CognitiveArts from Jefferies Capital Partners

Acquisition Highlights
  • This is NIIT’s 1st transaction in the Education sector.
  • This is NIIT’s 1st transaction in the United States.
  • This is NIIT’s 1st transaction in Illinois.

M&A Deal Summary

Date 2003-02-12
Target CognitiveArts
Sector Education
Buyer(s) NIIT
Sellers(s) Jefferies Capital Partners
Deal Type Add-on Acquisition

Target

CognitiveArts

Evanston, Illinois, United States
CognitiveArts Corporation - is one of the leading providers of on-line learning solutions through its proprietary learning methodology based on "learning by doing and role-playing".

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Buyer(S) 1

Buyer

NIIT

Atlanta, Georgia, United States

Category Company
Founded 1991
Sector Software
DESCRIPTION

NIIT has two businesses that have been demerged and are separately listed on the local stock exchange. The software business offers legacy maintenance and application development to Fortune 1000 customers. NIIT has over 2,000 franchised IT Training centres.


DEAL STATS #
Overall 1 of 2
Sector: Education M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Illinois M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2003 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-04 St. Charles Consulting

St. Charles, Illinois, United States

St. Charles Consulting is a provider of consulting, design, and implementation solutions for strategic learning programs to professional services firms and Fortune 500 companies. The company has a network of over 500 premier management consultants in the fields of learning, organization development, knowledge services, and workforce planning. It offers solutions in four key areas - strategic consulting, custom learning experiences, learning curation, and managed services. St. Charles Consulting is based in St. Charles, Illinois.

Buy $23M

Seller(S) 1

SELLER

Jefferies Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 1994
PE ASSETS 850M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Jefferies Capital Partners is a private equity investment firm that seeks to invest in later-stage growth companies, management buyouts, and support of corporate expansion and industry consolidation. The firm makes equity and equity-linked investments between $20 million and $100 million per transaction. Jefferies does not invest in start-ups, early-stage ventures or real estate. The firm seeks companies with revenue between $10 million to $500 million per annum. Jefferies targets companies involved in the following industries: consumer, energy, financial services, healthcare, manufacturing and distribution, media, telecommunications and transportation. Jefferies Capital Partners is based in New York, New York.


DEAL STATS #
Overall 8 of 28
Sector: Education M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 17
State: Illinois M&A 1 of 2
Country: United States M&A 8 of 27
Year: 2003 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-04 Repeater Technologies

Sunnyvale, California, United States

Repeater Technologies - is a wireless telecommunications equipment company that designs, manufactures and supports a proprietary line of cellular repeater products that enhance the performance coverage area of wireless networks.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-21 The Sheridan Group

Hunt Valley, Maryland, United States

The Sheridan Group is a specialty printer offering a full range of printing and value-added support services.

Buy $142M