M&A Deal Summary

Thomas H. Lee Partners Acquires Red Nucleus

On October 17, 2024, private equity firm Thomas H. Lee Partners acquired education company Red Nucleus from Riverside

Acquisition Highlights
  • This is Thomas H. Lee Partners’ 2nd transaction in the Education sector.
  • This is Thomas H. Lee Partners’ 78th transaction in the United States.
  • This is Thomas H. Lee Partners’ 9th transaction in Pennsylvania.

M&A Deal Summary

Date 2024-10-17
Target Red Nucleus
Sector Education
Buyer(s) Thomas H. Lee Partners
Sellers(s) Riverside
Deal Type Secondary Buyout

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

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 91 of 91
Sector (Education) 2 of 2
Type (Secondary Buyout) 33 of 33
State (Pennsylvania) 9 of 9
Country (United States) 78 of 78
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 AMI

Duluth, Georgia, United States

AMI is a provider of out-of-band server management firmware, and UEFI and BIOS firmware, with its products deployed in a high proportion of all servers, data centers, embedded devices, and personal computers worldwide. AMI was founded in 1985 and is based in Duluth, Georgia.

Buy -

Seller(S) 1

SELLER

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 198 of 203
Sector (Education) 12 of 13
Type (Secondary Buyout) 79 of 80
State (Pennsylvania) 6 of 6
Country (United States) 139 of 142
Year (2024) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 It s Just Lunch

Palm Desert, California, United States

It's Just Lunch helps busy professional singles find compatible matches. The company has more than 100 locations worldwide, from which it meets with clients one-on-one, and then arranges hundreds of first dates with discretion and expertise. It's Just Lunch was founded in 1991 and is based in Palm Desert, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-18 Plasti-Fab

Calgary, Alberta, Canada

Plasti-Fab manufactures insulating building products and technologies that enable residential and commercial structures to be energy-efficient when used as components of a building envelope. Plasti-Fab was founded in 1968 and is headquartered in Calgary, Alberta.

Sell $260M