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Sard Verbinnen & Co. represents investment firm Atlas Partners’ $400M takeover of University of St. Augustine for Health Sciences from Laureate Education Inc., for-profit college chain.
Founded in 1979, USAHS offers graduate degrees in physical therapy, occupational therapy, nursing, as well as continuing education programs through campuses in St. Augustine, Miami, Austin, San Marcos (CA) and online. It generated 2017 revenues of $90M and $31M operating profit.
USAHS joins St. George’s University as AP’s second college investment.
Laureate, which is based in Baltimore, is listed on the NASDAQ. It is controlled by a limited partnership with investors Kohlberg Kravis Roberts & Co., Sterling Fund Management, Cohen Private Ventures, Snow Phipps Group, Bregal Investments and StepStone Group.
Sard Verbinnen’s Mike DeGraff and Julie Rudnick handle Atlas, while Ruder Finn’s Maryam Ayromlou represents Laureate.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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