M&A Deal Summary

Veritas Capital Acquires Edcentric

On January 16, 2020, private equity firm Veritas Capital acquired internet software and services company Edcentric from Leeds Equity Partners

Acquisition Highlights
  • This is Veritas Capital’s 3rd transaction in the Internet Software and Services sector.
  • This is Veritas Capital’s 29th transaction in the United States.
  • This is Veritas Capital’s 1st transaction in Kansas.
Investment Fate
  • Edcentric merged with another company in 2020.

M&A Deal Summary

Date 2020-01-16
Target Edcentric
Sector Internet Software and Services
Buyer(s) Veritas Capital
Sellers(s) Leeds Equity Partners
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Edcentric

Overland Park, Kansas, United States
Edcentric is a SaaS provider of engagement, planning, assessment & compliance solutions to higher education institutions. Edcentric is based in Overland Park, Kansas.

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Buyer(S) 1

Buyer

Veritas Capital

New York, New York, United States

Category Private Equity Firm
Founded 1992
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York, New York.


DEAL STATS #
Overall 29 of 42
Sector: Internet Software and Services M&A 3 of 4
Type: Secondary Buyout M&A Deals 5 of 9
State: Kansas M&A 1 of 1
Country: United States M&A 29 of 41
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-16 Anthology

Boca Raton, Florida, United States

Anthology is a provider of administrative software solutions to higher education, nonprofit organizations, and other learning industries. Anthology's product suite includes student information systems, constituent relationship management, enterprise resource planning, student and alumni engagement, retention, and compliance solutions. Anthology was founded in 1988 and is based in Boca Raton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 Gainwell Technologies

Tysons Corner, Virginia, United States

Gainwell Technologies is an end-to-end provider of technology-enabled, mission-critical solutions that are fundamental to the administration and operations of health programs throughout the US. Gainwell Technologies was founded in 2020 and is based in Tysons Corner, Virginia.

Buy $5.0B

Seller(S) 1

SELLER

Leeds Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 4.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Leeds Equity Partners is a specialist private equity firm that targets investments in middle-market companies operating in knowledge industries. Specific areas of interest include education (K-12, postsecondary, at-risk/special education, instruction materials, testing), training (corporate training, professional certification/continuing education, language training), and information/business services (b2b publishing, information databases/research, tradeshows/conferences, business process outsourcing, consulting, staffing, marketing). Leeds prefers investing in established companies that are leaders in their respective markets. Leeds Equity Partners was formed in 1993 and is based in New York, New York.


DEAL STATS #
Overall 17 of 21
Sector: Internet Software and Services M&A 1 of 2
Type: Secondary Buyout M&A Deals 5 of 8
State: Kansas M&A 1 of 2
Country: United States M&A 15 of 19
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-16 Anthology

Boca Raton, Florida, United States

Anthology is a provider of administrative software solutions to higher education, nonprofit organizations, and other learning industries. Anthology's product suite includes student information systems, constituent relationship management, enterprise resource planning, student and alumni engagement, retention, and compliance solutions. Anthology was founded in 1988 and is based in Boca Raton, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-07 iModules

Overland Park, Kansas, United States

iModules is an online Constituent Engagement Management provider for educational institutions. iModules' interconnected suite of modules transforms how institutions create relevant constituent experiences and achieve fundraising success through web content management, marketing communications, online giving, event management, e-commerce, and social media integration. iModules integrates data, content, and strategy to drive participation and financial growth while increasing operational efficiency. iModules was founded in 1999 and is based in Overland Park, Kansas.

Sell -