M&A Deal Summary

Pearson Education Acquires Global Education & Technology Group

On November 21, 2011, Pearson Education acquired education company Global Education & Technology Group for 155M USD

Acquisition Highlights
  • This is Pearson Education’s 6th transaction in the Education sector.
  • This is Pearson Education’s 4th largest (disclosed) transaction.
  • This is Pearson Education’s 2nd transaction in China.

M&A Deal Summary

Date 2011-11-21
Target Global Education & Technology Group
Sector Education
Buyer(s) Pearson Education
Deal Type Add-on Acquisition
Deal Value 155M USD

Target

Global Education & Technology Group

Beijing,, China
Global Education & Technology Group, is a provider of test preparation services in China for students who are working towards internationally-recognised English language assessments.

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Buyer(S) 1

Buyer

Pearson Education

Upper Saddle River, New Jersey, United States

Category Company
Founded 1998
Sector Education
DESCRIPTION

Pearson Education is an education services company that provides assessment and training products and services.


DEAL STATS #
Overall 13 of 13
Sector: Education M&A 6 of 6
Type: Add-on Acquisition M&A Deals 8 of 8
Country: China M&A 2 of 2
Year: 2011 M&A 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-22 CTI Education Group

South Africa

CTI is one of South Africa’s private higher education institutions with more than 9,000 students on 12 campuses, awarding degrees and diplomas to a growing market of full-time and part-time students in such subjects as business, information technology, law, psychology and counselling, graphic design and creative arts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-17 PowerSchool

Folsom, California, United States

PowerSchool is a provider of cloud-based software for K-12 education in North America. Its mission is to power the education ecosystem with unified technology that helps educators and students realize their full potential, in their way. PowerSchool connects students, teachers, administrators, and parents, with the shared goal of improving student outcomes. From the office to the classroom to the home, it helps schools and districts efficiently manage state reporting and related compliance, special education, finance, human resources, talent, registration, attendance, funding, learning, instruction, grading, assessments, and analytics in one unified platform. PowerSchool was founded in 1997 and is based in Folsom, California.

Sell $350M