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Announced

Completed

Veritas and Leeds-backed Anthology completed the merger with Providence Equity-backed Blackboard in a $3bn deal.

Financials

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Transaction Value£2,266m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

software development

Majority

Software

Private Equity

United States

Private

Friendly

EdTech software

Single Bidder

Completed

Synopsis

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Veritas and Leeds-backed Anthology, a provider of proven higher education solutions that support the entire learner lifecycle, completed the merger with Providence Equity-backed Blackboard, a global EdTech software and solutions company, in a $3bn deal. "Upon the completion of this merger, we will have a data-driven product portfolio that seeks to touch every constituent at the institution and will aim to transform the way education uses technology to engage, connect, teach, learn and drive efficiencies across the institution. We believe this combination will enhance the solutions and services available to faculty and students, and we are deeply committed to delivering greater value and innovation to our customers and partners. Anthology and Blackboard are fully aligned around a deep focus on learner success, and I am excited to lead the combined company as we embark on this next phase of growth together," Jim Milton, Anthology Chairman and CEO.

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