.
MergerLinks Header Logo

New Deal


Announced

Completed

Blackstone-backed Simplilearn completed the acquisition of Fullstack Academy.

Financials

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

Tags

Edit

United States

Cross Border

Education Services

Private Equity

Single Bidder

tech education

Acquisition

Private

Majority

Completed

Friendly

Synopsis

Edit

Blackstone-backed Simplilearn, an online Bootcamp for digital economy skills training, completed the acquisition of Fullstack Academy, a provider of tech education in the United States. Financial terms were not disclosed. "Bootcamps have been an extremely popular concept in the edtech industry, and there is no denying that learners are looking for the holistic learning experience that bootcamps offer. Through Fullstack Academy's wide-spread footprint in the US and its strong partnerships with top universities, we are confident that this collaboration will enable us to accelerate our global expansion plans. It is amazing to find a business whose vision is similar to ours and complements our pedagogy and belief system. We are certain we will be able to leverage each other's capabilities synergisitically to build a strong company," Krishna Kumar, Simplilearn Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US