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New Deal


Announced

Completed

American Public Education completed the acquisition of Rasmussen University from Renovus Capital Partners for $329m.

Financials

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Transaction Value£252m
Consideration TypeCash, Preference Shares
Capital Owned-
Capital Bid For100%
EV/Sales1.3x
EV/EBITDA7.64x
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private Equity

Domestic

United States

Private

education

Majority

Friendly

university

Education Services

Single Bidder

Completed

Synopsis

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American Public Education, a provider of higher learning dedicated, completed the acquisition of Rasmussen University, a nursing- and health sciences-focused institution, from Renovus Capital Partners, a private equity firm, for $329m. "With our current nursing footprint of 30 campuses across eight states and a full complement of nursing programs, we are well-positioned to help address the significant, long-term nursing shortage across the country, both now and over the next several years," Angela Selden, APEI President and CEO.

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