Investment Summary

Permira, Berkshire Partners and Hellman & Friedman Invest In Curriculum Associates

On September 14, 2017, private equity firms Permira, Berkshire Partners and Hellman & Friedman invested in education company Curriculum Associates

Investment Highlights
  • This is Permira’s 2nd, Berkshire Partners’ 1st and Hellman & Friedman’s 3rd transaction in the Education sector.
  • This is Permira’s 22nd, Berkshire Partners’ 66th and Hellman & Friedman’s 47th transaction in the United States.
  • This is Permira’s 1st, Berkshire Partners’ 12th and Hellman & Friedman’s 3rd transaction in Massachusetts.

Investment Summary
Date 2017-09-14
Target Curriculum Associates
Sector Education
Investor(s) Permira
Berkshire Partners
Hellman & Friedman
Deal Type Growth Capital
Advisor(s) Macquarie Capital (Financial)
Foley Hoag (Legal)

Target

Curriculum Associates

North Billerica, Massachusetts, United States
Curriculum Associates is a provider of technology-enabled assessment and instructional programs for elementary and middle school students, teachers and administrators. The company’s adaptive assessments, personalized learning materials and exceptional customer service help students achieve their full potential and make teachers more effective. Curriculum Associates was founded in 1969 and is based in North Billerica, Massachusetts.

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Investor(S) 3

Investor

Permira

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.

DEAL STATS #
Overall 112 of 159
Sector (Education) 2 of 4
Type (Growth Capital) 7 of 9
State (Massachusetts) 1 of 2
Country (United States) 22 of 44
Year (2017) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-07 Netafim

Tel Aviv, Israel

Netafim Ltd. is a provider of smart drip and micro irrigation solutions for sustainable agriculture and other applications for over 100 countries and holds c.30% share of the global market.

Sell $1.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-09 Radial

King of Prussia, Pennsylvania, United States

Radial is a provider in omnichannel commerce technology and operations, enabling brands and retailers to profitably exceed retail customer expectations. Radial’s technical, powerful omnichannel solutions connect supply and demand through efficient fulfillment and transportation options, intelligent fraud, payments, and tax systems and personalized customer care services. Radial was formed in 1986 and is based in King of Prussia, Pennsylvania.

Sell $820M
Investor

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 74 of 100
Sector (Education) 1 of 1
Type (Growth Capital) 14 of 23
State (Massachusetts) 12 of 16
Country (United States) 66 of 88
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-18 Lightower Fiber Networks

Boxborough, Massachusetts, United States

Lightower Fiber Networks LLC is a fiber network and broadband service provider in the Northeast, offering over 4,600 fiber route miles coupled with comprehensive transport, alternative access, and nationwide long haul services.

Sell $7.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-29 Accela

San Ramon, California, United States

Accela provides a platform of cloud-based productivity and civic engagement software to governments of all sizes worldwide. The Accela Civic Platform includes cost-effective solutions to manage critical enterprise functions and mobile apps to foster greater citizen engagement. From asset, land, and legislative management to licensing, finance, environmental health, and more, its software drives efficiency for more than 2,000 governments worldwide. Accela was formed in 1999 and is based in San Ramon, California.

Buy -
Investor

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.

DEAL STATS #
Overall 67 of 88
Sector (Education) 3 of 3
Type (Growth Capital) 5 of 7
State (Massachusetts) 3 of 5
Country (United States) 47 of 61
Year (2017) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-20 Snap One

Charlotte, North Carolina, United States

Snap One is a manufacturer and exclusive source of A/V, security, control, networking, and remote management products for professional integrators. Snap One's pro-install channel helps integrators build their businesses by providing a wide range of high-quality products, easily accessible through an intuitive website and backed by award-winning service and support. Snap One was founded in 2005 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-25 Nets

Ballerup, Denmark

Nets is a payments processing utility for the Nordics region. Nets connects banks, businesses, public sector organizations, merchants and consumers through an international network facilitating digital payments. Nets was founded in 1968 and is based in Ballerup, Denmark.

Buy kr.33.1B
Mergr

Product

Company

Legal