M&A Deal Summary

Strategic Education Acquires Laureate Education - Australia and New Zealand Academic Operations

On July 29, 2020, Strategic Education acquired education company Laureate Education - Australia and New Zealand Academic Operations from Laureate for 643M USD

Acquisition Highlights
  • This is Strategic Education’s 1st transaction in the Education sector.
  • This is Strategic Education’s largest (disclosed) transaction.
  • This is Strategic Education’s 1st transaction in Australia.

M&A Deal Summary
Date 2020-07-29
Target Laureate Education - Australia and New Zealand Academic Operations
Sector Education
Buyer(s) Strategic Education
Sellers(s) Laureate
Deal Type Divestiture
Deal Value 643M USD

Target

Laureate Education - Australia and New Zealand Academic Operations

Australia
Laureate Education's Australia and New Zealand Academic Operations include the highly regarded Torrens University Australia, one of only 43 institutions in Australia. Torrens University is uniquely positioned as the only investor funded University among Australia’s 43 Universities.

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Buyer(S) 1

Buyer

Strategic Education

Herndon, Virginia, United States
Category Company
Founded 1892
Sector Education
Employees3,774
Revenue 1.1B USD (2023)
DESCRIPTION

Strategic Education is dedicated to enabling economic mobility with education. It serves working adult students through a range of educational opportunities that include: Strayer University and Capella University (separate institutions that are each regionally accredited), which collectively offer flexible and affordable associate, bachelor’s, master’s, and doctoral programs; self-paced courses for college credit through Sophia; customized degrees for corporations through Degrees@Work; and non-degree web and mobile application development courses through DevMountain, Generation Code, and Hackbright Academy. Strategic Education was founded in 1892 and is based in Herndon, Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Education) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Laureate

Miami, Florida, United States
Category Company
Founded 1998
Sector Education
Employees28
Revenue 1.5B USD (2023)
DESCRIPTION

Laureate is a provider of higher education. The company’s network of 60 accredited campus-based and online universities offers undergraduate and graduate degree programs to more than 740,000 students across 29 countries. Laureate offers more than 130 career-focused, undergraduate, master’s, and doctoral degree programs in fields including architecture, art, business, culinary arts, design, education, engineering, health sciences, hospitality, information technology, law, and medicine. Laureate was founded in 1998 and is based in Baltimore, Maryland.

DEAL STATS #
Overall 8 of 11
Sector (Education) 8 of 10
Type (Divestiture) 7 of 10
Country (Australia) 1 of 1
Year (2020) 1 of 3
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-26 Laureate Education - Universidad Interamericana de Panamá

Panama

Laureate Education, Inc. - Universidad Interamericana de Panamá is a higher education institution, that offers more than 14,300 students enrolled in undergraduate, graduate, and technical degree programs in a variety of academic disciplines, including health sciences, business, communications, engineering and information technology, law, and tourism and hospitality management.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-11 Walden University

Minneapolis, Minnesota, United States

Walden University is an online healthcare education provider. Walden University is based in Minneapolis, Minnesota.

Sell $1.5B
Mergr

Product

Company

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