Advisory Board to sell healthcare, education units in $2.58 billion deal

Paterniano Del Favero
Agosto 29, 2017

The company, which provides research and software tools as well as consulting services to healthcare and education firms, said it would sell its education business for $1.55 billion and its healthcare business for $1.3 billion, including debt.

Evercore and Macquarie Capital were the financial advisers to Vista Equity Partners, while Kirkland & Ellis LLP was its legal adviser. The Advisory Board is also selling its education division to San Friscisco-based Vista Equity Partners for $1.55 billion.

"We believe this is the best course of action for our stockholders, members and employees", he said.

The Advisory Board has 3,800 employees, according to Bloomberg data, and roughly $807 million in annual revenue.

The Advisory Board said in February it was exploring strategic options and hired Goldman Sachs Group and Allen & Co.to work on potential plans.

The deal is expected to close by the end of 2017 or in early 2018 and is contingent on shareholder approval and certain closing conditions.

Altre relazioni OverNewsmagazine

Discuti questo articolo

SEGUI I NOSTRI GIORNALE