Berkery Noyes Releases Education Industry M&A Report For Full Year 2013 - WALB.com, Albany News, Weather, Sports

Berkery Noyes Releases Education Industry M&A Report For Full Year 2013

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Man arrested for stabbing

    Man arrested for stabbing

    Thursday, April 17 2014 6:14 PM EDT2014-04-17 22:14:35 GMT
    Ashburn police are investigating a stabbing Wednesday night. Police were called to the Day and Night convenience store on West Washington Avenue around 9:30. The victim, Willie Poke was found to haveMore >>
    Willie Poke told police Derrick Dorsey tried to rob him of his wallet earlier that night.More >>
  • Kids have a Health Fair in Baconton

    Kids have a Health Fair in Baconton

    Thursday, April 17 2014 6:06 PM EDT2014-04-17 22:06:09 GMT
    Over 300 Mitchell County children learned how to fight obesity with gardening  tips and information on healthy eating. The North Mitchell County Elementary School hosted its second kids' health fair inMore >>
    Over 300 Mitchell County children learned how to fight obesity with gardening  tips and information on healthy eating. More >>
  • Today's the day for News on the Road!

    Today's the day for News on the Road!

    Thursday, April 17 2014 5:55 PM EDT2014-04-17 21:55:52 GMT
    WALB News 10 is hitting the road for our 60th anniversary. You might remember this photo from 2004. Yolanda, Dawn, and Ben having fun with the Ladies of the Red Hat Society in Tifton for WALB's 50thMore >>
    WALB News 10 is on the road for our 60th anniversary. We hope you'll come out to see Yolanda, Ben and Tara Herrschaft and don't forget to take your smart phones.More >>

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Berkery Noyes

NEW YORK, Jan. 30, 2014 /PRNewswire/ -- Berkery Noyes, an independent mid-market investment bank, today released its full year 2013 mergers and acquisitions trend report for the Education Industry.

(Logo: http://photos.prnewswire.com/prnh/20130708/LA44050LOGO)

The report analyzes M&A activity in the sector during 2013 and compares it with data covering 2011 and 2012. This market includes information and technology companies servicing the Education Industry, including the K-12, Post-Secondary, Childcare Services, and Corporate and Professional Training segments.

Transaction volume increased eight percent on a year-to-year basis. Aggregate value rose 27 percent, from $8.04 billion to $10.20 billion. The median revenue multiple remained constant at 1.5x, while the median EBITDA multiple declined from 13.5x to 11.0x. This marked a return to the industry's 2011 EBITDA valuation. Financial sponsors accounted for 22 percent of transaction volume and 54 percent of value in 2013, compared to 30 percent of volume and 63 percent of value in 2012.

In terms of strategic buyers, Pearson was the industry's most active overall acquirer with six transactions in 2013. The largest of these deals was Pearson's acquisition of Grupo Multi, an English language training company headquartered in Brazil, for $829 million. Meanwhile, Rosetta Stone was another notable acquirer with three transactions. This consisted of global language software business Tell Me More for $28 million; reading technology company Lexia Learning Systems for $24 million; and online language learning community Livemocha for $9 million.

As for specific market segments in the report, Higher-Ed Media and Tech deal activity saw an 11 percent improvement between 2012 and 2013. At the same time, the number of transactions in the K-12 Media and Tech segment increased six percent. Deals by notable acquirers in the K-12 Media and Tech segment throughout the past year included Amazon's acquisition of TenMarks Education, a provider of web-based math programs; Discovery Communications' acquisition of Espresso Group, a digital curriculum service; and Intel's acquisition of Kno, an interactive education software company that digitizes textbooks.

"Importantly in K-12 education, a transformation is occurring from the top levels on down due to technology and innovation, some elements of which have succeeded at the post secondary level," said Mary Jo Zandy, Managing Director at Berkery Noyes. "For instance, as textbooks go digital, positive outcomes can be a digital subscription model with no rentals or used books." Zandy continued, "In addition, the new initiatives in K-12 education focus on school-level accountability and measurable results. Many of the traditional education companies will be looking to add to their capabilities through acquisition in areas of adaptive learning and common core testing and assessments."

"The large education players continue to acquire to help manage their transformation from print to digital, strengthen their presence in new emerging markets and increase their services-related revenue streams," added Peter Yoon, Managing Director at Berkery Noyes. "Higher-Ed institutions are looking to expand their online programs and outsource elements of the student life cycle to reduce costs with the emergence of software-based solutions. K-12 schools are implementing the rollout of tablets, while corporate training providers and childcare services companies are seeing the benefits of an improving economy." 

Yoon continued, "Given the quickening pace of change in overall market, we expect M&A activity to continue across the entire education spectrum. Among many areas, demand should remain strong for companies that provide solutions and services for professional education, English language training and childcare."

A copy of the EDUCATION INDUSTRY M&A REPORT FOR FULL YEAR 2013 is available at the Berkery Noyes website.

About Berkery Noyes
Berkery Noyes is an independent investment banking advisory firm servicing the information industry. The firm specializes in mergers and acquisitions advisory, debt and equity financing, and financial consulting services for companies in the $10 million to $500 million range. Since its founding by Joseph W. Berkery in 1983, Berkery Noyes has worked with corporate clients to grow through acquisition, divest non-core assets, and maximize shareholder returns through strategic transactions and restructurings. For private owners, Berkery Noyes helps create liquidity and execute timely exit strategies that achieve their personal and professional objectives. The firm's research teams publish acquisition activity in the respective sectors they follow on MandAsoft.com.

Securities services are offered through Berkery Noyes Securities, LLC. For more information, visit www.berkerynoyes.com.

­­­Contact Information:
Peter Wilson
Berkery Noyes
646-442-7966
peter.wilson@berkerynoyes.com

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow