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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.
Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
Teneo represents American Ocean Minerals Corp as its merges with NASDAQ-listed Odyssey Marine Exploration to create a $1B deep-sea critical minerals research and mining platform that is under US-control.
Kekst CNC represents Cleveland-based Everstream as the business-only fiber network receives bankruptcy court approval for the sale of almost all of its operations to Bluebird Fiber for $385M.
FTI Consulting handles media for McCormick as the 137-year-old flavors company combines with Unilever Foods in a deal valued at $45B.
