M&A Deal Summary

The Riverside Company Acquires Red Nucleus

On March 4, 2020, private equity firm The Riverside Company acquired education company Red Nucleus

Acquisition Highlights
  • This is The Riverside Company’s 12th transaction in the Education sector.
  • This is The Riverside Company’s 174th transaction in the United States.
  • This is The Riverside Company’s 7th transaction in Pennsylvania.

M&A Deal Summary
Date 2020-03-04
Target Red Nucleus
Sector Education
Buyer(s) The Riverside Company
Deal Type Secondary Buyout
Advisor(s) DLA Piper (Legal)

Target

Red Nucleus

Yardley, Pennsylvania, United States
Red Nucleus provides strategic learning and performance solutions exclusively for the life sciences industry. Red Nucleus Enterprises was founded in 1991 and is based in Yardley, Pennsylvania.

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Buyer(S) 1

Buyer

The Riverside Company

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 252 of 283
Sector (Education) 12 of 15
Type (Secondary Buyout) 40 of 46
State (Pennsylvania) 7 of 8
Country (United States) 174 of 195
Year (2020) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 LMG Holdings

Blue Ash, Ohio, United States

LMG Holdings is a provider of ignition interlock devices (IIDs) used to help prevent drunk driving. LMG operates three market-leading brands: LifeSafer, Monitech and Guardian, and serves clients and monitoring agencies in the U.S. and Canada through its network of more than 1,500 authorized service centers. LMG Holdings was founded in 1991 and is based in Blue Ash, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 Connexient

New York, New York, United States

Connexient LLC is a provider of Indoor Mapping, Navigation and Location-based Services for Enterprises with large, complex buildings and campuses. The MediNav Navigator Edition Patient Experience solution helps hospitals and healthcare networks to increase customer satisfaction and loyalty, reduce missed or late appointments and improve HCAHPS scores. Connexient was established in 2015 and is based in New York City.

Sell -
Mergr

Product

Company

Legal