Baird's Investment Banking Group is pleased to announce the following transaction:

December 2021
The Riverside Company
Acquisition of iCEV
Technology & Services
Baird served as a financial advisor to The Riverside Company on this transaction

The Riverside Company (“Riverside” or the “Company”) signed a definitive agreement to acquire iCEV. The transaction is subject to various regulatory approvals and customary closing conditions.

Riverside is a global private equity firm focused on investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has made more than 800 investments. The Company’s international private equity and structured capital portfolios include more than 140 companies. Riverside is co-headquartered in Cleveland, Ohio and New York, New York

Founded in 1984, iCEV serves the K-12, post-secondary, and workforce markets through a digital platform comprising more than 2,000 lessons across 16 recognized career clusters. iCEV’s technology allows for seamless integration with schools’ existing systems and provides a wide range of resources for teachers, including lesson plans, interactive coursework and videos, projects and activities, and assessments. Additionally, the iCEV platform functions as a testing platform for industry certifications, hosting 16 different industry certifications from recognized companies and organizations. iCEV is headquartered in Lubbock, Texas.

For additional information about this transaction, please contact:

Dan Alfe +1-312-609-4922
Jeremy Fiser +1-312-609-7064
Doug Henry +1-312-609-7016
Martin Luen +44-20-7667-8381