M&A Deal Summary

Riverside Acquires Clinical Education Alliance

On December 9, 2020, private equity firm Riverside acquired education company Clinical Education Alliance from Renovus Capital

Acquisition Highlights
  • This is Riverside’s 13th transaction in the Education sector.
  • This is Riverside’s 177th transaction in the United States.
  • This is Riverside’s 5th transaction in Virginia.

M&A Deal Summary

Date 2020-12-09
Target Clinical Education Alliance
Sector Education
Buyer(s) Riverside
Sellers(s) Renovus Capital
Deal Type Secondary Buyout
Advisor(s) DLA Piper (Legal)

Target

Clinical Education Alliance

Reston, Virginia, United States
Clinical Education Alliance is a provider of continuing education for the healthcare team by the ACCME, ANCC, and ACPE. Clinical Education Alliance was founded in 2004 and is based in Reston, Virginia.

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Buyer(S) 1

Buyer

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 STATS #
Overall 256 of 295
Sector: Education M&A 13 of 16
Type: Secondary Buyout M&A Deals 42 of 49
State: Virginia M&A 5 of 5
Country: United States M&A 177 of 203
Year: 2020 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-06 Swedish Education Group AB

Stockholm, Sweden

Swedish Education Group operates one compulsory school in Stockholm, one compulsory and upper secondary school in Stockholm for children in need of additional resources, and three upper secondary schools located in Stockholm, Gothenburg, and Malmö. In addition, Swedish Education Group runs several higher vocational educations.

Sell kr185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Sunrise Windows & Doors

Temperance, Michigan, United States

Sunrise Windows & Doors is a manufacturer and distributor of premium-priced, energy-efficient, custom replacement vinyl windows and patio doors, distributing its products through specialty window dealers, home improvement contractors, and building products distributors. Sunrise Windows & Doors was founded in 1994 and is based in Temperance, Michigan.

Sell -

Seller(S) 1

SELLER

Renovus Capital

Wayne, Pennsylvania, United States

Investor 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 8 of 15
Sector: Education M&A 5 of 7
Type: Secondary Buyout M&A Deals 3 of 5
State: Virginia M&A 1 of 2
Country: United States M&A 7 of 14
Year: 2020 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-29 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 InflowCX

Beaverton, Oregon, United States

InflowCX is an innovative provider of strategic advisory, consulting, and managed services for contact centers, customer experience, and unified communications solutions to over 1,000 customers nationwide. InflowCX was founded in 1997 and is based in Beaverton, Oregon.

Buy -