M&A Deal Summary

Tutor.com Acquires The Princeton Review

On July 30, 2014, Tutor.com acquired education company The Princeton Review from Charlesbank Capital Partners

Acquisition Highlights
  • This is Tutor.com’s 1st transaction in the Education sector.
  • This is Tutor.com’s 1st transaction in the United States.
  • This is Tutor.com’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2014-07-30
Target The Princeton Review
Sector Education
Buyer(s) Tutor.com
Sellers(s) Charlesbank Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)
Goodwin Procter (Legal)

Target

The Princeton Review

Framingham, Massachusetts, United States
The Princeton Review is a proivder of test preparation and college admission services company. Every year it helps millions of college- and graduate school-bound students achieve their education and career goals through its test preparation, tutoring, and admissions services, its online resources, and its more than 150 print and digital books published by Random House LLC.

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Buyer(S) 1

Buyer

Tutor.com

New York, New York, United States
Category Company
Sector Internet Software and Services
DESCRIPTION

Tutor.com is an online tutoring company with a community of more than 3,000 expert tutors and more than 11 million one-to-one tutoring sessions completed.

DEAL STATS #
Overall 1 of 1
Sector (Education) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.

DEAL STATS #
Overall 29 of 50
Sector (Education) 3 of 3
Type (Add-on Acquisition) 8 of 18
State (Massachusetts) 4 of 6
Country (United States) 26 of 46
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-06 ARS

Memphis, Tennessee, United States

ARS is a provider of heating and air conditioning (HVAC) and plumbing services nationwide. ARS primarily serves homeowners in need of emergency repair and replacement services for heating, air conditioning, energy efficiency, plumbing, drain cleaning and sewer lines. It operates under two well-known national brands, ARS and Rescue Rooter, as well as through trusted local brands in select markets. ARS was founded in 1995 and is based in Memphis, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-16 HDT Global

Solon, Ohio, United States

HDT Global is a provider of highly engineered solutions for branches of the US military, international governments, and commercial customers. HDT holds a portfolio of products aimed at creating and controlling environmental conditions to protect and optimize the functioning of critical equipment and personnel. Its innovative products include rapidly deployable shelters, sophisticated environmental control, and power equipment, and nuclear, biological, and chemical protection systems. HDT Global was founded in 1937 and is based in Solon, Ohio.

Buy -
Mergr

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Company

Legal