Private equity-backed Unigo Group is getting in the back-to-school spirit with the acquisition of Cinergy Education's assets.
Lake Oswego, Oregon-based Cinergy provides web properties, advisory services and education-marketing to colleges, universities and career schools that aim to help them find and enroll qualified students. The company owns www.SchoolBound.com, which provides the matching services for students and schools.
Unigo, headquartered in New York, operates a technology platform that allows students and their parents to look through college search materials, including reviews and internship information. The buyer also operates www.eStudentLoans.com, which provides student-loan comparison and application services, and www.ScholarshipExperts.com, which helps students look for scholarships.
Unigo is backed by private equity firm Aequitas Capital Management Inc. The Portland, Oregon-based firm has more than $500 million in assets under management that focuses on health care, education and private credit companies. Unigo came under Aequitas in May, when another of the firm's portfolio companies, EdPlus Holdings, acquired Unigo.
Many of the education deals we have been seeing lately have come from e-learning companies. In August, private equity firm the Riverside Co. picked up two e-learning companies, Lexipol and Grace Hill Inc. Before that, in July, Security Innovation picked up training company Safelight.