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Transactions / Ellucian, Inc.
TPG Capital and Leonard Green & Partners Agree to Acquire Majority Stake in Ellucian
Majority investmentannouncedannounced Aug 14, 2015Fact
What happened
- Target
- Ellucian, Inc.
- Platform
- not an add-on on record
- Control
- Control
- Share acquired
- unknown
- Industry
- technology / software
- Target location
- unknown
- Seller kind
- Sponsor
- Rollover
- unknown
Values, only where disclosed
- Enterprise value
- Not disclosed
- Purchase price
- Not disclosed
- Equity value
- Not disclosed
- Target revenue
- Not disclosed
- Target EBITDA
- Not disclosed
- Multiple
- Not disclosed
Parties and roles
10 named
Buy side
- ““Ellucian’s industry leadership, global reach, management depth, and deep vertical focus on enabling higher education institutions to leverage technology to improve student outcomes position the company well for continued success and growth,” said Bryan Taylor, partner at TPG.”
- ““Jeff and the Ellucian team have guided the company through a period of impressive growth and extensive investment in the product portfolio,” said Anupam Mishra, managing director of H&F. “We are excited about the meaningful impact Ellucian will continue to make on improving higher education globall”
- “TPG is a leading global private investment firm founded in 1992, with over $74 billion of assets under management and offices in San Francisco, Fort Worth, Austin, Dallas, Houston, New York, Beijing, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, São Paulo, Shanghai, Singapore and Tokyo.”
Sell side
- “Hellman & Friedman is a leading private equity investment firm with offices in San Francisco, New York, and London.”
Advisory side
- BarclaysFinancial adviserconfirmed“Morgan Stanley & Co. LLC, BofA Merrill Lynch, BMO Capital Markets Corp., and Barclays served as financial advisors to TPG and Leonard Green.”
- Ropes & Gray LLPLegal adviserconfirmed“Ropes & Gray served as legal counsel for TPG and Latham & Watkins LLP served as legal counsel for Leonard Green.”
- Simpson Thacher & Bartlett LLPLegal adviserconfirmed“Simpson Thacher & Bartlett LLP served as legal counsel for Ellucian and Hellman & Friedman.”
- Sachs & CompanySell-side adviserconfirmed“Credit Suisse and Goldman, Sachs & Co. served as financial advisors to Ellucian.”
Side not stated
- ““We are delighted to welcome TPG and Leonard Green to the Ellucian team,” said Jeff Ray, chief executive officer of Ellucian, who will continue to lead the organization.”
- “Aug. 14, 2015 – Ellucian, the leading global provider for higher education software and services, today announced that TPG Capital (“TPG”) and Leonard Green & Partners (“Leonard Green”) have entered into a definitive agreement to acquire a majority interest in Ellucian from Hellman & Friedman (“H&F””
Evidence
“Aug. 14, 2015 – Ellucian, the leading global provider for higher education software and services, today announced that TPG Capital (“TPG”) and Leonard Green & Partners (“Leonard Green”) have entered into a definitive agreement to acquire a majority interest in Ellucian from Hellman & Friedman (“H&F”) and co-investor JMI Equity..”
Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)confidence 80%recorded Sep 15, 2026