Secondary Buyout • Internet Software and Services

Providence Equity Partners Acquires Modern Campus

On August 25, 2025, private equity firm Providence Equity Partners acquired internet software and services company Modern Campus from Riverside and Serent Capital

Acquisition Context
  • This is Providence Equity Partners’ 17th transaction in the Internet Software and Services sector.
  • This is Providence Equity Partners’ 86th transaction in the United States.
  • This is Providence Equity Partners’ 12th transaction in California.

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M&A Deal Summary

Date August 25, 2025
Target Modern Campus
Sector Internet Software and Services
Buyer(s) Providence Equity Partners
Sellers(s) Riverside
Serent Capital
Deal Type Secondary Buyout

Target Company

Modern Campus

Camarillo, California, United States
Modern Campus is a student lifecycle management solution provider driving Omni CMS and Destiny One, which empowers higher education institutions to thrive when radical change is required to successfully respond to lower student enrollments and revenue, rising costs, crushing student debt, and even school closures. Modern Campus was founded in 1995 and is based in Camarillo, California.
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Buyer Overview 1

Buyer

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 38.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


Deal Context for Buyer #
Overall 137 of 137
Sector: Internet Software and Services 17 of 17
Type: Secondary Buyout 40 of 40
State: California 12 of 12
Country: United States 86 of 86
Year: 2025 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-21 Rock-It

New York, New York, United States

Rock-It is a provider of freight forwarding and logistics to the music touring, fine arts, sports & live events, film & TV production, corporate events, and industrial projects end markets through its family of affiliated brands including Rock-it Global, Dietl, Cosdel, CargoLive, and Dynamic International. Rock-It was founded in 1978 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-26 La Centrale

Paris, France

La Centrale engages in auto, motorcycle, and boat content in the field of classified advertising and editorial. Groupe The company comprises four brands through which it covers the entire lifecycle of a vehicle: La Centrale, Promoneuve, Caradisiac, and MaVoitureCash. La Centrale Group was founded in 1969 and is based in Paris, France.

Sell €1.1B

Seller Profiles 2

SELLER

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


Deal Context for Seller #
Overall 206 of 209
Sector: Internet Software and Services 12 of 12
Type: Secondary Buyout 83 of 84
State: California 10 of 10
Country: United States 145 of 147
Year: 2025 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-12 Performance Systems Integration

Portland, Oregon, United States

Performance Systems Integration (PSI) provides customers with fire and life safety services, including system inspection, service and monitoring, equipment sales, and cylinder repairs, as well as installations for new construction and retrofits in the Pacific Northwest. Performance Systems Integration was founded in 2002 and is based in Portland, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-01 Spirion

Tampa, Florida, United States

Spirion provider of sensitive data discovery and classification solutions. Spirion was founded in 2006 and is based in Tampa, Florida.

Sell -
SELLER

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.


Deal Context for Seller #
Overall 29 of 31
Sector: Internet Software and Services 5 of 6
Type: Secondary Buyout 4 of 6
State: California 3 of 3
Country: United States 27 of 29
Year: 2025 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-22 PlotBox

Ballymena, United Kingdom

PlotBox is a cloud-based deathcare management solution that helps cemeteries, crematories, and funeral homes excel. PlotBox is headquartered in Ballymena, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-23 Arbiter

Sandy, Utah, United States

Arbiter offers school and athletic program management, supporting schools, leagues, and organizations nationwide. Offering solutions for scheduling, registration, payments, assigning, eligibility, facilities management, and athletic websites, it empowers schools and communities to manage activities with confidence. Arbiter is based in Sandy, Utah.

Sell -