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Hellman & Friedman, JMI sell Ellucian to TPG, Leonard Green

Aug 14, 2015 - The Deal Pipeline
Mergers and Acquisitions

Hellman & Friedman LLC and co-investor JMI Equity have agreed to sell Ellucian Co. LP, a software company focusing on the higher education sector, to TPG Capital LP and Leonard Green & Partners LP. Terms of the sale were not disclosed in a Friday, Aug. 14, announcement from Ellucian, but a source familiar with the situation confirmed the transaction gives the target a valuation of $3.5 billion, including debt. The valuation first was reported by Reuters on Wednesday. Ellucian is a Fairfax...