Education Technology - Coverage Report Q2 2019

Q2 2019

Following a year of unprecedented merger and acquisition (M&A) volume, the Education Technology (EdTech) industry has kept pace with 2018 activity with 57 deals announced or closed in the US and Canada year-to-date.

Private equity groups (PEGs) remain very active buyers and have accounted for 54% of deal volume to-date. In a take-private transaction, leading human capital management (HCM) solutions provider TheUltimateSoftwareGroup, Inc. (formerly NASDAQ:ULTI) was acquired in April by a group of investment firms. The deal closed for $11 billion at 9.5x revenue, representing a 32%premium over Ultimate’s 30-day average stock price ending February 1.

Key Contacts

Jacob Voorhees

Head of Global M&A

David Michaels

Managing Director

Shawn Keenan

Director