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M&A Deal Summary

Renovus Capital Acquires Edic College

On March 6, 2012, private equity firm Renovus Capital acquired education company Edic College

Acquisition Highlights
  • This is Renovus Capital’s 1st transaction in the Education sector.
  • This is Renovus Capital’s 1st transaction in Puerto Rico.
Investment Fate
  • Edic College merged with another company in 2020.

M&A Deal Summary
Date 2012-03-06
Target Edic College
Sector Education
Buyer(s) Renovus Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) McConnell Valdés (Legal)

Target

Edic College

Caguas, Puerto Rico
Edic College is a career college offering associate’s degrees and certificates in a variety of health-related fields. Edic College was founded in 1987 and is based in Caguas, Puerto Rico.

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Buyer(S) 1

Buyer

Renovus Capital

Wayne, Pennsylvania, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Renovus Capital is a private equity firm focused on investing in small to mid-sized education companies. Specific areas of interest include for-profit colleges and schools, training companies, content providers, and technology and services businesses to education providers. Renovus looks for companies with 'strong growth prospects', proven business models and EBITDA of at least $3 million. Renovus Capital was formed in 2010 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 1 of 42
Sector (Education) 1 of 11
Type (Buyout (LBO, MBO, MBI)) 1 of 18
Country (Puerto Rico) 1 of 1
Year (2012) 1 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-11 Hoonuit

Minneapolis, Minnesota, United States

Hoonuit LLC provides educators with the tools needed to make informed, impactful action. Through solutions that provide intuitive analytics and personalized professional development, Hoonuit fuels teacher, staff and student success. Hoonuit LLC was founded in 2000 and is based in Minneapolis, Minnesota.

Buy $19M
Mergr

Product

Company

Legal