Private Equity Still Hot for Teacher? (Education Sector Data)

Months ago, the buyout world was abuzz with excitement for the education sector. PE-backed Rosetta Stone and Bridgepoint Education had wildly successful debuts on the public market and kicked off an exciting summer of IPO chatter. Each offering has traded up significantly since its debut.

This week Education management Corp., backed by Providence Equity Partners, Goldman Sachs Partners and Leeds Equity Partners, resurrected its S-1 filing from 2007, filing to go public at a price of $18 to $20 per share. Right now, plays in that sector are looking pretty smart.

Despite that, it’s not all lollipops and rainbows for the PE backers. Bridgepoint Education, for example, cancelled its planned secondary public offering of 11 million shares, which would have included a sell-off from management and the company’s sponsor, Warburg Pincus. The offering was cancelled due to “current market conditions.”

Today I asked Buyouts research editor Eamon Beltran pulled some data on private equity investments in the sector to better gauge the history of buyouts in education. Below, find the ten largest education deals by U.S.-based sponsors, the five largest exit sales and five largest PE-backed IPOs. (Click on the charts to view them larger.)

Private Equity Investments in Education Companies