FINANCE: DEALS
deals 3B Scientific acquires iSimulate COMPANY: 3B Scientific TARGET: iSimulate TRANSACTION: Acquisition CONSIDERATION: Undisclosed Hamburg-based 3B Scientific, which manufactures and markets anatomical models and medical simulation products for healthcare and patient education is acquiring medical simulation company iSimulate. 3B Scientific is a portfolio company of J.H. Whitney Capital Partners. Gibson, Dunn and Crutcher and Clayton Utz are legal advisors to 3B Scientific and J.H. Whitney Capital Partners. Schwartz Heslin Group is acting as a financial advisor to iSimulate, and Pepper Hamilton and MinterEllison are legal advisors to iSimulate.
Chinese investors snap up Cambridgeshire grammar school COMPANY: Access (UK) Education TARGET: Wisbech Grammar School TRANSACTION: Acquisition CONSIDERATION: Undisclosed Brighton-based Access (UK) Education has bought Wisbech Grammar School in Cambridgeshire, the Wisbech Standard has reported.
Adjacent Academies raises $2.1m COMPANY: Adjacent Academies TRANSACTION: Fundraising CONSIDERATION: $2.1 million San Francisco-based Adjacent Academies, which enables liberal arts students to earn college credit while building up their tech skills, has closed a seed round led by Rethink Education with additional participation by New Ground Ventures, Bisk Ventures and Entangled Group.
AdmitHub raises more funding COMPANY: AdmitHub TRANSACTION: Fundraising CONSIDERATION: Undisclosed Boston-based AdmitHub, the developer of a conversational artificial intelligence platform used by more than 90 educational institutions, has secured investments from Salesforce Ventures and the Google Assistant investment program.
Algeco acquires school space firm COMPANY: Algeco Group TARGET: Net Modular TRANSACTION: Acquisition CONSIDERATION: Undisclosed London-based modular space rental firm Algeco Group has acquired Rutherforn, New South Wales-based Net Modular, which specialises in manufacturing and servicing modular buildings for schools.
Apax Partners to acquire Cadence Education COMPANY: Apax Partners TARGET: Cadence Education TRANSACTION: Acquisition CONSIDERATION: Undisclosed Apax Partners has agreed to acquire Scottsdale, Arizona-based Cadence Education, a provider of early childhood education in North America, from Morgan Stanley Capital Partners. Debevoise & Plimpton was legal advisor, and William Blair and Lazard Middle Market were financial advisors to Morgan Stanley Capital Partners. Simpson Thacher & Bartlett was legal advisor to Apax Partners.
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EducationInvestor Global • March 2020
