M&A Deal Summary

General Atlantic and Dragoneer Investment Group Acquire Arco

On August 10, 2023, growth capital firm General Atlantic and private equity firm Dragoneer Investment Group acquired education company Arco for 1.5B USD

Acquisition Highlights
  • This is General Atlantic’s 6th and Dragoneer Investment Group’s 1st transaction in the Education sector.
  • This is General Atlantic’s 5th and Dragoneer Investment Group’s largest (disclosed) transaction.
  • This is General Atlantic’s 17th and Dragoneer Investment Group’s 1st transaction in Brazil.

M&A Deal Summary

Date 2023-08-10
Target Arco
Sector Education
Buyer(s) General Atlantic
Dragoneer Investment Group
Deal Type Going Private
Deal Value 1.5B USD
Advisor(s) Davis Polk & Wardwell LLP
Lobo & de Rizzo Advogados (Legal)

Target

Arco

Sao Paulo, Brazil
website
Arco provides hundreds of thousands of students' education services. Arco's data-driven learning methodology, proprietary adaptable curriculum, interactive hybrid content, and high-quality pedagogical services allow students to personalize their learning experience while enabling schools to thrive. Arco was founded in 1941 and is based in Sao Paulo, Brazil.

Search 184,358 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 328 of 329
Sector (Education) 6 of 6
Type (Going Private) 6 of 6
Country (Brazil) 17 of 17
Year (2023) 5 of 6
Size (of disclosed) 5 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-14 Kahoot!

Oslo, Norway

Kahoot! is a game-based learning platform that makes it easy to create, share and play fun learning games or trivia quizzes in minutes. Kahoot! is used in a variety of settings – in K-12 and university classrooms, corporate offices, social settings, and major sporting and cultural events. Kahoot! AS was founded in 2012 and is based in Oslo, Norway.

Buy Nkr17.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-16 Flipp

Toronto, Ontario, Canada

Flipp is a mobile consumer marketplace that is reinventing the weekly shopping experience. The Flipp app is a go-to destination for millions of consumers to access digital circulars from over 800 retailers, equaling over 140,000 store fronts to help plan weekly shopping and find the best local deals. Flipp was founded in 2007 and is based in Toronto, Ontario.

Sell -
DESCRIPTION

Dragoneer Investment Group is a growth-oriented investor in public and private companies throughout the US. Dragoneer Investment Group was established in 2012 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 7 of 7
Sector (Education) 1 of 1
Type (Going Private) 1 of 1
Country (Brazil) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 CampusLogic

Chandler, Arizona, United States

CampusLogic delivers SaaS technology that helps colleges and universities remove barriers in the financial aid process. The company currently helps nearly 800 schools increase enrollment, retention, and graduation rates with the most comprehensive platform of Student Financial Success products. CampusLogic was formed in 2011 and is based in Chandler, Arizona.

Sell -