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New Deal


Announced

Completed

NexPhase Capital-backed Aztec Software completed the acquisition of iGrad.

Financials

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

Tags

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financial literacy

Majority

Single Bidder

Friendly

United States

Private Equity

educational services

Acquisition

Completed

Private

Domestic

Education Services

Synopsis

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NexPhase Capital-backed Aztec Software, an educational software-focused services provider, completed the acquisition of iGrad, a financial literacy services provider. Financial terms were not disclosed. "We are excited to work with the talented, passionate team at iGrad, who share in our mission to make generational changes in the lives of adults, and to equip our clients with an understanding of how to keep and maintain wealth. This acquisition elevates our product ecosystem to include financial wellness initiatives, providing our clients the ability to understand debt instruments, assess liabilities and build plans to temper stress levels," Jonathan Blitt, Aztec CEO.

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