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

Dealmakers

The Buyside:
Disney, Warner Bros. Seek Next-Gen YouTubes

Traditional Hollywood studios such as Disney and Warner Bros. are seeking next-generation YouTube content providers

The Buyside

Activist Investors Dig Into Mid Market
Spurred on by the high-profile success of Carl Icahn and others, a growing crop of firms is looking further downstream

Strayer Education to Buy the Jack Welch Management Institute

Strayer, which owns Strayer University and other assets, expects to close the transaction before the end of 2011

Former General Electric chairman and chief executive Jack Welch agreed to sell his online leadership education program to Strayer Education Inc. for undisclosed terms.

The deal, announced Friday, November 11, is the latest transaction to take place between higher learning institutions, which has seen an uptick in M&A over the past couple months. Welch’s holding company, S&J Welch LLC, sold the Jack Welch Management Institute, or JWMI, to Strayer with the ultimate goal of making it into “the number one online business school in the world,” said Welch in a prepared statement.

According to the release, Welch taught business at MIT’s Sloan School of Management and in numerous other academic settings after his retirement from GE. He founded JWMI and launched it in 2009 as part of Chancellor University.

Strayer, which owns Strayer University and other assets, expects to close the transaction before the end of 2011.

Strayer is Nasdaq-listed and trades under the ticker STRA, with a market capitalization of roughly $1.09 billion.

 

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