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New Deal


Announced

Ellucian to acquire Tribal Group for $208m.

Financials

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Transaction Value£172m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Majority

Friendly

Single Bidder

edtech

software development

United Kingdom

Acquisition

Cross Border

Public

Pending

Synopsis

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Ellucian, a tertiary education technology solutions provider, agreed to acquire Tribal Group, an edtech company, for $208m. "Tribal is in clear alignment with Ellucian's strategy, purpose and values, and this is an exciting opportunity to expand our combined reach as we power tertiary education so institutions can empower student success. We recognize Tribal's notable transformation journey to cloud and are eager to work with Tribal's strong leadership and talented team. With this investment, we can accelerate our impact in large and important educational markets around the world," Laura Ipsen, Ellucian CEO.

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