Boston, MA (PRWEB) January 31, 2006
Eduventures, the leading independent source of intelligence for the global education market, today announced that it has entered into a strategic transaction with affiliates of Knowledge Investment Partners, LLC (KIP), an investment firm specializing in the education and information service sectors, and The Invus Group, LLC (Invus), a New York-based private equity firm with over $3 billion in assets under management.
Eduventures’ offerings include targeted membership programs, consulting services and executive events. The Company has annual contracts with more than 200 of the world’s most innovative and prestigious educational institutions and companies and has tripled in size over the past two years.
“Eduventures is the premier source of information in a $100 billion market,” said Bob Daugherty, Managing Partner of KIP. “They have an exceptional management team in place and extraordinary prospects for growth.”
The partnership is designed to support the rollout of a dynamic new suite of services for higher education, as well as the enhancement of its industry-leading research and consulting capabilities.
“KIP and Invus are world class partners that share our vision for the education market,” said Tom Dretler, Eduventures’ President & CEO. “They bring talent, leadership, and extensive education and information services experience to our team.”
Eduventures’ Founder Michael Sandler summarized, “Since our inception 12 years ago, we have been pioneers in defining and analyzing the education market. As we move into this next exciting phase of our development, I am pleased that we were able to accomplish a transaction that validates the significant accomplishments of our management team and employees and, at the same time, strengthens our prospects for the future. We look forward to welcoming KIP and Invus to our Board and to a long and prosperous relationship.”
East Wind Advisors, LLC, a New York City-based investment banking boutique focusing on media, education & training, advised Eduventures in the transaction.
For more than a decade, Eduventures has been the most trusted and influential name in education market research, consulting services, and peer networking. Our clients include senior administrators and executives from leading educational institutions and companies serving the K-12, higher education, and corporate learning markets, as well as decision-makers in government agencies and the investment community.
About Knowledge Investment Partners
KIP was founded in 2002 to invest in the securities of public and private education and information service businesses. KIP’s investment criteria emphasize market leading businesses that display the potential for high returns on invested capital and that offer tangible value for their clients. KIP employs a highly collaborative investment style in which it seeks to partner with management teams when investing in fundamentally attractive businesses. All of KIP’s principals have extensive experience leading and investing in education- and service-based businesses.
About The Invus Group
The Invus Group, LLC is a New York-based investment firm which originates, structures and acts as a lead equity investor in a variety of private equity situations including buy-outs, early-stage venture capital and expansion financings. Invus has committed capital in excess of $3 billion and acts as Artal Luxembourg S.A.’s exclusive investment advisor. In addition, Invus is part of the General Partner of Questmark Partners, a late stage US venture capital firm with over $400M of committed capital across two funds. Invus professionals have significant experience as business consultants and line managers. This enables Invus to assist portfolio companies in formulating and executing strategies that maximize long-term value. Over its twenty-year history, Invus has made investments in over 80 portfolio companies in a wide range of industries including food, education, specialty retailing, software, telecommunications, medical devices and biotechnology.