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A subsidiary of DeVry Education Group (NYSE: DV) is acquiring the Association of Certified Anti-Money Laundering Specialists (ACAMS) from the Warburg Pincus private equity firm for $330 million.

The DeVry subsidiary, Becker Professional Education, is expected to close the transaction in July, subject to regulatory approvals. ACAMS is a membership organization for financial crime prevention professionals that provides training, credentials, conferences, risk assessment tools and financial crimes news and information.

Becker, headquartered in Downers Grove, Illinois, plans to grow ACAMS by accelerating the association’s product development, applying Becker’s learning technologies to the ACAMS business, using its relationships and partnerships globally for international growth and building membership in accounting and related fields where the anti-money-laundering certification could be valued by professionals. Nearly 40 percent of ACAMS’s revenues are generated outside the U.S. Becker currently provides professional training in accounting, project management and healthcare professions.

According to DeVry, the potential of the anti-money-laundering certification market is more than $2 billion, with ACAMS expected to generate more than $40 million in revenues in its 2017 fiscal year. Lisa Wardell, DeVry’s CEO, says the ACAMS acquisition “is an example of the kind of global diversification and growth DeVry Group is seeking.”

New York-based Warburg Pincus, the seller in the ACAMS deals, has more than $40 billion under management, with an active portfolio of more than 120 companies. Mayer Brown corporate and securities partner William Kucera and associates Michael Weigel and Eric Tubbs represented Becker in the deal. Willkie Farr & Gallagher LLP--led by partners Morgan Elwyn, Manuel Miranda and Steven Gartner--represented Warburg Pincus LLC and ACAMS.

Other recent education-related M&A activity has included the Apollo Education Group Inc. (Nasdaq: APOL), owner of the University of Phoenix, in May approving a $1.14 billion takeover proposal from an Apollo Global Management LLC (NYSE: APO) –led group;  In March, Weld North Holdings, an education investment company backed by Kohlberg Kravis Roberts & Co. (NYSE: KKR), acquired Performance Matters with plans to merge it with Truenorthlogic, which Weld bought in 2014; Also in March, the Carlyle Group (Nasdaq: CG) and Vinci Partners acquired Uniasselvi, a distance learning company, from the Kroton Educacional private education company.

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