Firms, funds, people, portfolio companies and transactions from sworn filings and cited announcements, kept as a graph with a date and a source on every edge. Reported gross assets are never fund size, regulatory AUM is never dry powder, and a deal value prints only when someone disclosed it.

Transactions / Ellucian, Inc.

TPG Capital and Leonard Green & Partners Agree to Acquire Majority Stake in Ellucian

Majority investmentannouncedannounced Aug 14, 2015Fact
What happened
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
  • Bryan TaylorDeal partnerconfirmed
    “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.
  • Anupam MishraDeal partnerconfirmed
    “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 CapitalSponsorconfirmed
    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 LLCSellerconfirmed
    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
  • Jeff RayManagementconfirmed
    “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.
  • Ellucian, Inc.Targetconfirmed
    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..