1. Home >
  2. M&A >
  3. Buyout (LBO, MBO, MBI) >
  4. United States >
  5. Pennsylvania >
  6. Wicks Group Acquires Penn Foster Group

Buyout (LBO, MBO, MBI) • Education

Wicks Group Acquires Penn Foster Group

On March 1, 2007, private equity firm Wicks Group acquired education company Penn Foster Group

Acquisition Context
  • This is Wicks Group’s 1st transaction in the Education sector.
  • This is Wicks Group’s 13th transaction in the United States.
  • This is Wicks Group’s 1st transaction in Pennsylvania.
Investment Fate
  • Penn Foster Group was sold to a publicly-traded strategic buyer in 2009 for 170M USD.
  • Penn Foster Group was recapitalized in 2014.
  • Penn Foster Group was sold to a consortium of financial buyers in 2018.

Explore All 386 Buyout (LBO, MBO, MBI) Education Deals - Search the Database Free


M&A Deal Summary
Date March 1, 2007
Target Penn Foster Group
Sector Education
Buyer(s) Wicks Group
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Penn Foster Group

Scranton, Pennsylvania, United States
Penn Foster Group is a 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 Group was founded in 1890 and is based in Scranton, Pennsylvania.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Wicks Group

New York, New York, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Wicks Group is a private equity firm focused on selected segments of the communications, information and media industries. Wicks targets privately held or non-core divisions of large corporations with high-margins, limited competitive environment, and strong cash flow potential. Specific areas of interest include special interest publishing (trade magazines, workplace training, reference publishing, consumer magazines), business information services, (market information, specialized databases, consumer research), television broadcasting, radio broadcasting, newspapers, cable television, and outdoor advertising. The Wicks Group was formed in 1989 and is based in New York City.

Deal Context for Buyer #
Overall 13 of 33
Sector: Education 1 of 4
Type: Buyout (LBO, MBO, MBI) 9 of 15
State: Pennsylvania 1 of 2
Country: United States 13 of 32
Year: 2007 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 NewBay Media

New York, New York, United States

NewBay Media LLC is a provider of print, digital, event and marketing services to professional and enthusiast markets. NewBay provides multichannel marketing solutions and information to communities encompassing over 5 million professionals and nearly 8 million enthusiasts centered around three large technology driven interrelated markets, Television & Video, Entertainment & Educational Technology, and Music. NewBay Media LLC was established in 2006 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-08 Marketron

Hailey, Idaho, United States

Marketron is a provider of business software solutions and services. Specializing in revenue management and audience engagement solutions, Marketron enables media companies to drive new growth opportunities. Marketron was founded in 1969 and is based in Hailey, Idaho.

Buy -

Explore Related M&A Activity

Education M&A - Buyout (LBO, MBO, MBI) M&A Deals - Pennsylvania M&A - United States M&A - 2007 M&A

Mergr

Solution for

Product

Company

Legal