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M&A Activity Flat in Third QuarterM&A activity in the education/reference market was flat in the third quarter this year versus the same year earlier period, reports merger and acquisition advisory firm Whitestone Communications. Among the more interesting deals, notes Whitestone Managing Director Susan Isserman, was the $24 million purchase by Learning Resources of Educational Insights. "Learning Resources had been looking to do a good acquisition for a while, and this is probably their largest acquisition ever." The largest deal of the quarter saw private equity fund Golder Thoma Cressey taking private the public Excelligence Learning Corporation in a $125 million transaction. For the third quarter, the total number of deals was 13, same as last year's third quarter, while deal value dropped to $206 million from $591 million. Questions, ideas, or in need of more information? Please contact Stacey Pusey at 302-295-8349. |
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