Deal Details
sale to Wolters Kluwer
Summary
Baird served as the exclusive financial advisor to Learner’s Digest on this transaction.
About
Learner’s Digest International, LLC (“LDI” or the “Company”), a portfolio company of Housatonic Equity Partners, L.P. (“Housatonic”), was recently acquired by Wolters Kluwer’s Health Division for $150 million.LDI is a leading provider of independent (non-pharma funded) continuing medical education (“CME”) to physicians in the United States. The Company offers mobile medical education via an advanced audio app and robust media player. The LDI platform greatly simplifies the traditional CME process, enabling physicians to conveniently access educational content and to efficiently manage and complete their certification and professional development requirements. The Company is headquartered in Glendale, California.
Housatonic is a private equity investment firm founded in 1994 with over $1 billion in capital under management. The firm invests in growing, profitable companies in the recurring services, media and communications industries. Housatonic has partnered with exceptional management teams in more than eighty small-to-midsized companies in these industries since 1994. Housatonic is headquartered in Boston, Massachusetts.
Wolters Kluwer is a global leader in professional information services. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL), are included in the AEX and Euronext 100 indices and have a sponsored Level 1 American Depositary Receipt program (WTKWY). Wolters Kluwer Health is a leading global provider of information and point of care solutions for the healthcare industry. The company is headquartered in Alphen aan den Rijn, the Netherlands.
For additional information about this transaction, please contact:
- Date
- August 2015
- Company
- Learner’s Digest International
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
- Acquiror Geography
- Europe
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