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SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

3Qs With...

Peter Yoon, managing director at Berkery Noyes, specializing in education and training

Why have some subsectors within education seen a recent spike in deals, while others have not?

The post-secondary space has had few transactions due to declining enrollment and regulatory concerns. In the cyclical corporate and professional training sector, companies have shown good top-line growth and profitability recently. Spending on training and perks to retain existing employees has become more important. In preschool through 12th grade, there's interest from strategic and financial buyers because the sector is shifting from print to digital tools, improving teacher efficacy.

What can we expect from private equity firms?

In the next 12 to 24 months, we may see an increasing amount of M&A activity from private equity since the education sector overall has shown resilience in the volatile economy. Moreover, the modality of instruction is shifting to a blended or online solution, and the subscription-based Software-as-a-Service model is becoming more prevalent, attracting financial sponsors.

How might M&A change the education sector in coming months?

New business models are being developed across all aspects of a student's life. The proliferation of new companies and the speed of change will necessitate some consolidation. In preschool through 12th grade, players are trying to provide a more comprehensive solution by combining content with digital tools. In the post-secondary space, M&A activity will address Department of Education requirements to have revenues not based on federal loans or grants.


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