8 minute read
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
Banyan Software acquires School Pathways
COMPANY: Banyan Software TARGET: School Pathways TRANSACTION: Acquisition CONSIDERATION: Undisclosed
Atlanta-based Banyan Software, which acquires growing enterprise software businesses, has acquired Portola, California-headquartered School Pathway, which provides a web-based student information system for independent study and online schools.
Boxlight receives further investment from The Lind Partners
COMPANY: Boxlight Corporation TRANSACTION: Fundraising CONSIDERATION: $750,000
Lawrenceville, Georgia-based Boxlight Corporation, a provider of interactive technology solutions for the global education market, is to receive from Lind Global Macro Fund, LP, an investment fund managed by The Lind Partners, a New York-based institutional fund manager. The funding means Lind Global Macro Fund, LP has now provided $6 million to Boxlight during the past 12 months.
Brentwood Associates acquires Parchment
COMPANY: Brentwood Associates TARGET: Parchment TRANSACTION: Acquisition CONSIDERATION: Undisclosed
Los Angeles-based middle market private equity investment firm Brentwood Associates has acquired Scottsdale, Arizona-based Parchment, a digital credential service allowing learners, academic institutions and employers to request, verify, and share credentials in simple and secure ways. Goldman Sachs & Co was financial advisor and Quarles & Brady provided legal counsel to Parchment. Brentwood was represented by Shearman & Sterling.
Busuu acquires Verbling
COMPANY: Busuu TARGET: Verbling TRANSACTION: Acquisition CONSIDERATION: Undisclosed
Busuu, a London-based language-learning platform, has acquired Verbling, a San Francisco, California-headquartered live video tutoring company, for a double-digit million amount, Finsmes has reported.
Busy Bees acquires 15-setting group COMPANY: Busy Bees TARGET: EduKids TRANSACTION: Acquisition CONSIDERATION: Undisclosed
UK-based nursery group Busy Bees has acquired West Seneca-based EduKids, an early childhood education and day care operation that grew to 15 locations in Western New York state, The Buffalo News has reported.
UK’s largest nursery operator acquires setting in Kent
COMPANY: Busy Bees TARGET: Squiggles Childcare TRANSACTION: Acquisition CONSIDERATION: Undisclosed
Coassemble raises $4.4m in Series A funding
COMPANY: Coassemble TRANSACTION: Fundraising CONSIDERATION: $4.4 million
Newcastle, New South Wales-based Coassemble, which provides online training for corporates, has raised Series A funding round led by Equity Venture Partners and advised by Clinton Capital Partners.
Colibri Group invests in Hondros Education Group
COMPANY: Colibri Group TARGET: Hondros Education Group TRANSACTION: Investment CONSIDERATION: Undisclosed
Providence, Rhode Island-based Colibri Group, an education company that provides online learning to licensed professionals, has invested in Hondros Education Group, a provider of professional education based in Westerville, Ohio.
COMPANY: Digital Vidya TARGET: Delhi School of Internet Marketing TRANSACTION: Acquisition CONSIDERATION: Undisclosed
New Dehli-based Digital Vidya, a provider of training for digital marketing, has acquired Delhi School of Internet Marketing in an all-cash deal, VC Circle has reported.
COMPANY: Diversified Search Group TARGET: Storbeck Search & Associates TRANSACTION: Acquisition CONSIDERATION: Undisclosed
Philadelphia-based education executive search firm Diversified Search Group has acquired fellow educational search firm Storbeck Search & Associates, headquartered in Media, Pennsylvania.
Doubtnut raises $15m
COMPANY: Doubtnut TRANSACTION: Fundraising CONSIDERATION: $15 million
Gurgaon-based start-up Doubtnut, which provides an app to help children learn maths and science via short videos, has raised Series A funding in a round led by Chinese conglomerate Tencent, Tech Crunch has reported. Existing investors Omidyar Network India, Sequoia Capital India, AET Fund and angel investor Ankit Nagori also participated.
COMPANY: Dukes Education TARGET: House Schools Group TRANSACTION: Acquisition CONSIDERATION: Undisclosed
Embibe raises funding from Reliance Industries COMPANY: Embibe TRANSACTION: Fundraising CONSIDERATION: 90 crore rupees (£6.7 million)
Mumbai-based ed tech start-up Embibe has raised funding from Mukesh Ambani-owned Reliance Industries, Inc42 has reported. Embibe says it leverages artificial-intelligence-based data analytics to personalise learning outcomes.
Encantos raises $2m in oversubscribed seed round COMPANY: Encantos TRANSACTION: Fundraising CONSIDERATION: $2 million
Culver City, California-headquartered Encantos, a direct-to-consumer family entertainment education company, has closed an oversubscribed seed round led by Kapor Capital, with participation from Boston Meridian Partners, Chingona Ventures, the Goldhirsh Foundation, Human Ventures, and MathCapital. Several existing and new angel investors also participated in the round, including Tom Chavez, Rich Greenfield, Lydia Jett, Michael Kassan, and Antonio Lucio.
Frontenac backs XanEdu
COMPANY: Frontenac TARGET: XanEdu TRANSACTION: Private equity investment CONSIDERATION: Undisclosed
Frontenac, a Chicago-based private equity firm, has announced a major investment in XanEdu, a developer of custom content solutions for US colleges and universities and school districts. Honigman was legal counsel to Frontenac on the transaction. Dickinson Wright was legal counsel and East Wind Advisors acted as financial advisor to XanEdu. Monroe Capital announced it acted as sole lead arranger and administrative agent on the funding.
Merger of iae China and GEA via acquisition
COMPANY: Global Education Technologies TARGET: iae China and the Global Education Alliance TRANSACTION: Merger CONSIDERATION: Undisclosed
Global Education Technologies, a Chinese investment company, has acquired a majority stake in two large education agency businesses – iae China and the Global Education Alliance, The Pie News has reported. The acquired firms are international student recruitment companies with significant presences in China.
Hyland acquires Learning Machine
COMPANY: Hyland TARGET: Learning Machine TRANSACTION: Acquisition CONSIDERATION: Undisclosed
Westlake, Ohio-based enterprise content management company Hyland has acquired New York city-based Learning Machine, a blockchain credentialing start-up that grew out of the MIT Labs, Ledger Insights has reported.
COMPANY: International Language Academy of Canada TARGET: Canadian Tourism College and Sterling College TRANSACTION: Acquisition CONSIDERATION: Undisclosed
InterviewBit raises $20m
COMPANY: InterviewBit TRANSACTION: Fundraising CONSIDERATION: More than $20 million
Bangalore-based InterviewBit, a start-up company that provides its clients with an online training module for programming, has raised a Series A round led by Sequoia India and Tiger Global, with participation by Global Founders Capital and some others.
COMPANY: Juniper Education TARGET: Maze Education TRANSACTION: Acquisition CONSIDERATION: Undisclosed
Private equity-backed Juniper Education, based in Chelmsford, Esssex, has snapped up online assessment and reporting provider Maze Education, based in Doncaster.
K12 snaps up coding bootcamp in $165m deal
COMPANY: K12 TARGET: Galvanize TRANSACTION: Acquisition CONSIDERATION: $165 million
Herndon, Virginia-based online education company K12 has acquired coding bootcamp Galvanize, based in Denver, Colorado.
Kendall Hunt to buy Paradigm Education Solutions
COMPANY: Kendall Hunt Publishing Company TARGET: Paradigm Education Solutions TRANSACTION: Acquisition CONSIDERATION: Undisclosed
Dubuque, Iowa-based Kendall Hunt Publishing Company is acquiring St Paul, Minnesota-headquartered Paradigm Education Solutions, a provider of post-secondary print and digital learning solutions, from Carnegie Learning, a learning technology company based in Pittsburgh.
Risk Strategies acquires Academic HealthPlans COMPANY: Risk Strategies TARGET: Academic HealthPlans TRANSACTION: Acquisition CONSIDERATION: Undisclosed
Risk Strategies, a private national insurance brokerage and risk management firm, has acquired Academic HealthPlans, which creates and administers health insurance plans that colleges and universities make available to their students.
Sovos acquires Booke Seminars
COMPANY: Sovos TARGET: Booke Seminars TRANSACTION: Acquisition CONSIDERATION: Undisclosed
Storal Learning purchases Wiltshire nursery
COMPANY: Storal Learning TARGET: Barney Lodge Day Nursery TRANSACTION: Acquisition CONSIDERATION: Undisclosed
English nursery operator Storal Learning has acquired Barney Lodge Day Nursery in Warminster, Wiltshire, a modernised detached building with garden, which has capacity for about 70 children from vendor Lynn Ashton. Specialist business property advisor Christie & Co handled the sale. Barcan Kirby provided legal advice
Study Group is to acquire Insendi
COMPANY: Study Group TARGET: Insendi TRANSACTION: Acquisition CONSIDERATION: Undisclosed
Sydney-based international education provider Study Group is acquiring London-headquartered learning experience platform developer Insendi.
The Preiss Company and Investcorp sign student accommodation joint venture
COMPANY: The Preiss Company and Investcorp TARGET: Signature West Midtown TRANSACTION: Acquisition CONSIDERATION: Undisclosed
The Preiss Company, a privately-held student housing owner-operator, and Investcorp, a global provider and manager of alternative investment products, have announced the joint venture acquisition of the 525-bed Signature West Midtown student housing complex in Atlanta, Georgia. The Preiss Company is based in Raleigh, North Carolina. Investcorp is headquartered in Bahrain.
Top Hat raises $55m in Series D funding
COMPANY: Top Hat TRANSACTION: Fundraising CONSIDERATION: $55 million
Toronto-based higher education learning platform Top Hat has raised Series D equity and debt financing, in a round co-led by existing investors Georgian Partners and Inovia Capital. The rest of Top Hat’s existing equity investors also participated, including Union Square Ventures, Emergence Capital and Leaders Fund.
Udemy secures $50m from Benesse Holdings
COMPANY: Udemy TRANSACTION: Fundraising CONSIDERATION: $50 million
San Francisco-based online education business Udemy has announced that its long-time partner in Japan, Benesse Holdings, has agreed to invest in the company which is valued at $2 billion.
COMPANY: Workforce Holdings TARGET: Chartall Business College TRANSACTION: Acquisition CONSIDERATION: 34.88 million rand (£1.8 million)
