M&A Deal Summary |
|
|---|---|
| Date | 2018-11-14 |
| Target | Catapult Learning |
| Sector | Education |
| Buyer(s) | Vistria Group |
| Sellers(s) |
JMI Equity
The Carlyle Group Juggernaut Capital Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Daiwa Corporate Advisory Ltd. (DC Advisory) (Financial) |
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The Vistria Group is a middle-market private equity firm focused on the education, healthcare, and financial services industries. Vistria was formed in 2013 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 29 |
| Sector (Education) | 3 of 5 |
| Type (Secondary Buyout) | 2 of 13 |
| State (Pennsylvania) | 2 of 3 |
| Country (United States) | 8 of 29 |
| Year (2018) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-01 |
Penn Foster
Scranton, Pennsylvania, United States Penn Foster is a leading provider of high school diploma, workforce education, and training solutions. The business focuses on adult learners who seek forms of higher education to improve their career skills and employment status. Penn Foster was founded in 1890 and is based in Scranton, Pennsylvania. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-12-19 |
BHG
Dallas, Texas, United States BHG is a provider of outpatient substance abuse treatment services, primarily for addiction to prescription pain medication. BHG was founded in 2006 and is based in Dallas, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 7.5B USD |
| Size | Mega |
| Type | Sector Focused |
JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.
| DEAL STATS | # |
|---|---|
| Overall | 87 of 106 |
| Sector (Education) | 2 of 2 |
| Type (Secondary Buyout) | 16 of 18 |
| State (Pennsylvania) | 4 of 4 |
| Country (United States) | 79 of 94 |
| Year (2018) | 6 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-17 |
OnBoard
Indianapolis, Indiana, United States OnBoard makes informed, effective, and uncomplicated meetings that give boards and leadership teams an elegant solution to simplify governance. Today, OnBoard serves as the board intelligence platform for more than 2,600 organizations and their 12,000 boards and committees in 32 countries worldwide. With customers in higher education, nonprofit, health care systems, government, and corporate enterprise business, OnBoard is the leading board management provider. OnBoard was founded in 2002 and is based in Indianapolis, Indiana. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-19 |
Raptor Technologies
Houston, Texas, United States Raptor Technologies is a provider of integrated school safety technologies for K-12 schools across the United States. Raptor developed the first Web-based visitor management system designed for schools. The Raptor system monitors visitors, contractors, and volunteers who enter a building and provides instant screening for sex offender status and custody orders. The system has flagged more than 50,000 registered sex offenders attempting to enter K-12 schools. In the fall of 2017, the company unveiled Raptor Emergency Management, a system that helps schools prepare for, respond to, and recover from an incident with drill management, active incident management, and parent-student reunification tools. It also provides real-time reporting dashboards allowing administrators to track the status and location of every individual in a building in the event of an emergency. Raptor Technologies was founded in 2002 and is based in Houston, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 435.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.
| DEAL STATS | # |
|---|---|
| Overall | 357 of 480 |
| Sector (Education) | 4 of 5 |
| Type (Secondary Buyout) | 79 of 117 |
| State (Pennsylvania) | 6 of 9 |
| Country (United States) | 205 of 259 |
| Year (2018) | 14 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-08 |
iCapital Network
New York, New York, United States iCapital Network is a financial technology platform that provides simplified access to alternative investments. The state-of-the-art online platform offers a curated selection of private equity funds and hedge funds, extensive due diligence support and powerful research tools to a private member network of qualified investors, family offices, registered investment advisors and broker-dealers. iCapital’s end-to-end solution streamlines and automates the investment process with electronic subscriptions, capital calls, distributions and redemptions, fund statements, and user-friendly investor and tax reporting. iCapital Network was founded in 2013 and is based in New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-12-01 |
Diamond Bank
Lagos, Nigeria Diamond Bank Plc is a new generation universal bank in Nigeria, engaged in corporate, commercial and consumer banking. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2009 |
| PE ASSETS | 1.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Juggernaut Capital Partners (JCP) is a private equity firm that targets middle market consumer products and business services companies throughout the US. The Firm seeks majority and minority stakes where it can commit $10 to $50 million of equity capital. JCP will consider a variety of transaction types, including buyouts, restructurings, and recapitalizations. Juggernaut Capital Partners was formed in 2009 and is based in Washington DC.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 9 |
| Sector (Education) | 1 of 1 |
| Type (Secondary Buyout) | 3 of 3 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 4 of 9 |
| Year (2018) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-01 |
Madhava Natural Sweeteners
Boulder, Colorado, United States Madhava Natural Sweeteners is a brand of clean and organic foods and ingredients, including honey, agave syrup, coconut sugar, cooking oils and vinegars. Madhava Natural Sweeteners was founded in 1973 and is based in Boulder, Colorado. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-01 |
3STEP Sports
Andover, Massachusetts, United States 3STEP Sports is a premier, inspiring and authentic experience – dedicated to perfecting every aspect of the athlete funnel. The 3STEP reach spans 43 states and serves more than 3.2 million athletes across nine sports through industry-leading events, nationally spanning club programs, premier media content and more. 3STEP Sports was founded in 2016 and is based in Andover, Massaachusetts. |
Buy | - |
