M&A Deal Summary

Quad Partners Acquires Inside Higher Ed

On November 1, 2014, private equity firm Quad Partners acquired digital media company Inside Higher Ed from Advantage Capital Partners and Enhanced Capital Partners

Acquisition Highlights
  • This is Quad Partners’ 1st transaction in the Digital Media sector.
  • This is Quad Partners’ 12th transaction in the United States.
  • This is Quad Partners’ 2nd transaction in District of Columbia.
Investment Fate
  • Inside Higher Ed was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2014-11-01
Target Inside Higher Ed
Sector Digital Media
Buyer(s) Quad Partners
Sellers(s) Advantage Capital Partners
Enhanced Capital Partners
Deal Type Secondary Buyout

Target

Inside Higher Ed

Washington, District of Columbia, United States
Inside Higher Ed is an online source for news, opinion, and jobs for all of higher education. The site provides breaking news, feature stories, provocative daily commentary, areas for comment on every article, practical career columns, and a powerful suite of tools to help higher education professionals get jobs and help colleges identify and hire employees. Inside Higher Ed was established in 2004 and is based in Washington, District of Columbia.

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Buyer(S) 1

Buyer

Quad Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.2B USD
Size Large
Type Sector Focused
DESCRIPTION

Quad Partners is a specialist private investment firm that makes investments in the education industry. Quad will invest in a broad range of transactions; including buyouts, growth capital financings, recapitalizations, and refinancings. Prospective businesses are typically growth oriented and cash-flow positive. Specific areas of interest include postsecondary schools, K-12 proprietary schools, childcare, tutoring, educational products and services, professional education and journals, corporate training, and online journals. Quad Partners was formed in 2000 and is based in New York, New York.


DEAL STATS #
Overall 13 of 26
Sector: Digital Media M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 6
State: District of Columbia M&A 2 of 2
Country: United States M&A 12 of 22
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-21 ILSC

Vancouver, British Columbia, Canada

ILSC is a provider of location-based English Language Training (ELT) for international students looking to learn English for use in professional and academic settings. Through the Company’s language schools, colleges, teacher training, corporate training and continuing education divisions, it offers internationally relevant language and career skills training and certification programs to over 12,000 students annually. ILSC offers courses and programs in 8 cities across the United States, Canada, Australia, and India. ILSC was established in 1991 and is based in Vancouver, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Watermark

Austin, Texas, United States

Watermark is a provider of assessment software for higher education institutions worldwide. Watermark provides educational intelligence systems that help colleges and universities gain insights into student learning so that they can improve the quality of educational programs, assess institutional effectiveness, and streamline the accreditation process. Watermark supports over 1,100 higher education institutions. Watermark is based in Austin, Texas.

Buy -

Seller(S) 2

SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 57 of 113
Sector: Digital Media M&A 1 of 1
Type: Secondary Buyout M&A Deals 9 of 14
State: District of Columbia M&A 1 of 1
Country: United States M&A 57 of 113
Year: 2014 M&A 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-09 Alacrity Solutions

Fishers, Indiana, United States

Alacrity Solutions is a provider of outsourced claims management solutions to insurance carriers. Alacrity was formed in 1976 and is based in Fishers, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-18 BinOptics

Ithaca, New York, United States

BinOptics Corporation manufactures monolithically integrated optoelectronic components based on indium phosphide and other semiconductor materials. BinOptics' current products include edge-emitting and surface-emitting Fabry Perot lasers, DFB lasers, and lasers with integrated monitoring photodiodes that provide transceiver and transponder manufacturers with unprecedented price-performance advantages. Additionally, BinOptics can provide custom integrated microphotonic solutions for optical systems and subsystems.

Sell $230M
SELLER

Enhanced Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enhanced Capital Partners is a private investment firm focused on investing in small and mid-sized growth companies generating sales up to $100 million. The Firm can invest across the capital structure, including equity and mezzanine debt financing. Enhanced also will provide funds for working capital needs. The Firm looks to invest $2 to $20 million of equity and mezzanine in the range of $500,000 to $3 million in mid to later-stage profitable companies that are seeking capital to fund growth, make an acquisition, or for an outright sale. Target sectors include aerospace, business services, communications, distribution, manufacturing, healthcare, IT, software, and retail. Enhanced Equity Partners was formed in 1999 and is based in New York City with an additional office in Austin, Birmingham, Denver, Jackson Hole, Nashville, New Orleans, Stamford, Tampa and Washington, D.C.


DEAL STATS #
Overall 18 of 27
Sector: Digital Media M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 4
State: District of Columbia M&A 2 of 2
Country: United States M&A 18 of 27
Year: 2014 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-22 Hadapt

Cambridge, Massachusetts, United States

Hadapt is a developer of big data analytic platform to natively integrate SQL with Apache Hadoop. Hadapt was founded in 2010 and is based in Cambridge, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-04 Shareholder InSite

Nashville, Tennessee, United States

Shareholder InSite provides Software as a Service (SaaS) solutions to help private companies and Venture Capital and Private Equity investors better track, manage, and analyze shareholder data. Through its team of financial and software professionals (based in Nashville, TN and Boulder, CO), Founded in 2012 through the merger of CapControls and Qval.

Sell -