Purchase of Majority Stake in Meazure Learning

Technology & Services
Purchase of Majority Stake in Meazure Learning

Summary

Baird served as the exclusive financial advisor to Gryphon Investors on this transaction

About

Gryphon Investors ("Gryphon") announced that it has become the majority investor in Meazure Learning ("Meazure" or the "Company"). Existing sponsor Eastside Partners will retain a significant ownership stake, as will the Company's management team, including go-forward CEO Scott McFarland. Financial terms of the transaction were not disclosed.

Gryphon Investors is a leading private equity firm focused on profitably growing and competitively enhancing middle-market companies in partnership with experienced management. The firm has managed over $5.0 billion of equity investments and capital since 1997. Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and executives to build leading companies, utilizing Gryphon's capital, specialized professional resources and operational expertise. Gryphon is based in San Francisco, California.

Meazure Learning is the world's largest remote exam proctoring company, also offering a full suite of assessment products and services, including proprietary exam development and delivery software as well as reporting and psychometric services, to the academic and professional testing markets. The Company employs nearly 300 people plus a network of over 1,300 trained proctors, and it serves more than 1,000 clients including major universities, certification and licensure associations, standardized testing services, and corporations. Meazure is based in Birmingham, Alabama.

Eastside Partners is a private equity firm specializing in investments in early to expansion stage, growth capital, recapitalization, management buyouts, shareholder liquidity (later stage), and acquisition capital. The firm prefers to invest in financial services, healthcare information technology and services, and information technology sectors. Within the information technology sector, it favors companies with a strong presence in the healthcare and financial services sectors. Eastside Partners was founded in 2005 and is based in Huntsville, Alabama with an additional office in Atlanta, Georgia.
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Technology & Services
Purchase of Majority Stake in Meazure Learning
Date
December 2020
Company
Gryphon Investors
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

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