Ellucian Acquires Tribal Group plc

October 5, 2023

Ellucian has agreed to acquire UK-based Tribal Group plc in an all-cash transaction valuing Tribal's issued and to-be-issued ordinary share capital at approximately £159 million (enterprise value ~£172 million). The deal, unanimously recommended by Tribal’s board, will expand Ellucian’s global reach and product capabilities for tertiary education ERP/CRM and accelerate SaaS adoption for education customers worldwide; it is pending regulatory and shareholder approvals.

Buyers
Ellucian
Targets
Tribal Group plc
Sellers
Tribal Group plc shareholders
Industry
Software
Location
South Yorkshire, United Kingdom
Transaction Type
Buyout

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