Pearson Acquires EmbanetCompass

Pearson has acquired EmbanetCompass, a provider of online learning services for non-profit academic institutions, from an investor group led by private equity and venture capital firm Technology Crossover Ventures and global education company Knowledge Universe, for $650 million in cash. The transaction is subject to Hart-Scott-Rodino review. Morgan Lewis served as legal adviser to Pearson on the transaction.

PRESS RELEASE

Pearson plc, the world’s leading learning company, today announced the acquisition of EmbanetCompass, a provider of online learning services for non-profit academic institutions, from an investor group led by private equity and venture capital firm Technology Crossover Ventures and global education company Knowledge Universe, for $650 million in cash. The transaction is subject to Hart-Scott-Rodino review.

EmbanetCompass, with locations in Chicago, Toronto and Orlando, partners with leading North American non-profit colleges and universities to provide online learning solutions. It provides a full range of services including program design and development, marketing and student recruitment, faculty training and support, student retention and learning analytics, student services (counseling, tutoring, mentoring), technology support and launch funding. The acquisition builds on Pearson’s leading position in the rapidly growing online educational services arena.

Morgan Lewis served as legal adviser to Pearson on the transaction. The Morgan Lewis deal team was led by Business & Finance partners Sheryl Orr and Charles Engros and Business & Finance associates Jamie Kim and Daniel Palmadesso and included partners Ron Dreben (Intellectual Property), Harry Robins (Antitrust), Richard Zarin (Tax) and Gary Rothstein (Employee Benefits).

For more information, please see Pearson’s press release.

About Morgan, Lewis & Bockius LLP

Morgan Lewis provides comprehensive litigation, corporate, transactional, regulatory, intellectual property, and labor and employment legal services to clients of all sizes—from globally established industry leaders to just conceived start-ups. We craft and execute business- and industry-specific strategies that align with today’s evolving economic and regulatory conditions, and that address the full scope of our clients’ challenges and opportunities in the courtroom, in the boardroom, within the workforce, and in government and policy matters. Founded in 1873, Morgan Lewis offers more than 1,600 legal professionals—including lawyers, patent agents, benefits advisers, regulatory scientists, and other specialists—in 24 offices across the United States, Europe, and Asia.

Related Posts

Leave a Reply

PEHUB Community

Join the 12503 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget