Deal Details
BARBRI Is Acquired By Francisco Partners
Summary
BARBRI, Inc. ("BARBRI"), a portfolio company of Leeds Equity Partners, LLC (“Leeds Equity”), has entered into a definitive agreement to be acquired by Francisco Partners. The transaction is expected to close in the second quarter of 2021, subject to customary conditions and regulatory approvals.
Baird served as a financial advisor to BARBRI, Inc. on this transaction.
About
BARBRI is a global learning company dedicated to meeting the legal education and specialized training needs of law students, attorneys and other professionals throughout their careers. BARBRI’s success is built upon its unmatched technology and innovative pedagogy, combined with the ability to harness data analytics, behavioral economics, learning science, and more to develop solutions for learners and institutions. Building on the success of its U.S. bar courses, which have helped more than 1.3 million lawyers around the world pass a U.S. bar exam, BARBRI offers a comprehensive suite of learning solutions for higher education institutions and law-related businesses which includes U.S. bar prep, curriculum, assessment, global license preparation, online program management, and professional development. BARBRI, founded in 1967, is headquartered in Dallas, Texas, with offices throughout the United States and around the world.Leeds Equity Partners, LLC, is a private equity firm dedicated exclusively to partnering with management teams in the education, training and information services industries (the "Knowledge Industries"). Leeds Equity was founded in 1993 and has managed $3.9 billion of capital across a broad spectrum of companies within the Knowledge Industries. Leeds Equity seeks to leverage its sector-focused expertise and market insights to create long-term value for its partner companies. Leeds Equity is headquartered in New York, New York.
Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in more than 300 technology companies, making it one of the most active and longstanding investors in the technology industry. With more than $25 billion in assets under management, Francisco Partners invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. Francisco Partners is headquartered in San Francisco, California.
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- Date
- April 2021
- Company
- BARBRI, Inc.
- Transaction
- M&A - Sellside
- Sectors
- Technology & Services
- Verticals
-
Knowledge Solutions
- Target Geography
- North America
- Acquiror Geography
- North America
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