Education & Training M&A Update

RESOURCE HIGHLIGHTS

• In Q2, the Education & Training sector index decreased by 7.6% and was outperformed by the S&P 500, which increased 4.1% over the same period.
• The median EV/EBITDA multiple for reported Strategic deals declined in 1H 2024 to 8.8x from 9.6x in 2023, and no Private Equity EV/EBITDA multiples were reported in 1H 2024.
• M&A deal volume remained steady at 170 deals in Q2 compared to the prior quarter, but decreased 31.2% from 247 in Q2 of the prior year.
• As a % of total capital invested in M&A transactions in 1H 2024, PE participation decreased to 48.8% from 44.0% in 2023.
• Europe was the most active region in Q2 with 70 deals. Most notably in the European market was Inspirit Capital’s $62.2 million acquisition of mthree in May 2024.