Education Technology - Coverage Report Q1 2019

Published on: 02/25/2019

Activity in the Education Technology industry was robust in 2018 with 126 announced or closed mergers and acquisitions compared to 74 in 2017. Notably, Cambium Learning was taken private as of December after it was acquired by Veritas Capital for $752 million. Leading public player Microsoft also made headlines, with the 2018 acquisitions of Flipgrid (June, terms not disclosed), Chalkup (February, undisclosed) and the acquisition of BrightBytes’ Data Management Platform in February 2019. Average enterprise value (EV)/Revenue multiples for public companies in EdTech continue to hover comfortably above the S&P, with an average trading multiple of 3.3x as of February 13.

Key Contacts

Jacob Voorhees

Head of M&A

David Michaels

Managing Director