Millpond Equity Partners-backed Galileo Education Acquires Putnam Classical Academy and New Generation Christian School

F.L.Putnam Acquires Arbor Capital, Four Ponds Financial Planning, and Ascension Asset Management

July 25, 2024

Financial Services

F.L.Putnam Investment Management Company acquired three independent registered investment advisors — Arbor Capital Management (Amherst, NY), Four Ponds Financial Planning (Mashpee, MA), and Ascension Asset Management (New York, NY) — in transactions that closed June 30, 2024. The deals add more than $1.25 billion of AUM, roughly 10 new advisors, two new offices (Western New York and Cape Cod), and expand F.L.Putnam's financial planning and investment management capabilities across the East Coast.

Millpond Equity Partners and Hamilton Lane Invest in Galileo Education

February 7, 2024

Education

Millpond Equity Partners, with financing from an affiliate of Hamilton Lane Impact Investments, made a growth investment in Galileo Education, a Franklin, Tennessee-based provider of personalized K–12 and special-needs schooling. Proceeds will be used to expand Galileo’s portfolio of local school brands across Tennessee, North Carolina, and Florida and to fund future acquisitions to build the platform.

Renaissance (Blackstone / Francisco Partners) Acquires GL Education from Levine Leichtman Capital Partners

February 21, 2023

Education

Levine Leichtman Capital Partners has agreed to sell its portfolio company GL Education (GL Assessment), a London-based provider of formative assessments, to Renaissance — a portfolio company owned by Blackstone Group and Francisco Partners. The deal, intended to further position Renaissance as a global education leader and expand its assessment capabilities, is expected to close by the end of Q1 2023; financial terms were not disclosed.

Millpond Equity Partners and Wasena Capital Management Acquire Paxton/Patterson

April 20, 2022

Education

Millpond Equity Partners and Wasena Capital Management have acquired Paxton/Patterson LLC, an Alsip, Illinois-based provider of career and technical education curriculum, equipment, lab design and educator training. Terms were not disclosed; Prairie Capital Advisors acted as exclusive financial advisor to Paxton/Patterson and its shareholders. The deal positions Paxton/Patterson for growth as the buyers aim to expand capabilities and scale the company's CTE offerings nationwide.

Galileo Global Education Acquires AKAD University from AURELIUS

March 1, 2022

Education

Galileo Global Education has acquired AKAD University, a German private distance-learning university headquartered in Stuttgart, from AURELIUS Equity Opportunities for more than EUR 45 million. The acquisition expands Galileo's footprint in Europe and strengthens its distance- and digital-learning offerings for working professionals.

CPP Investments- and Montagu-led Consortium to Acquire Galileo Global Education from Providence Equity

March 6, 2020

Education

A consortium led by CPP Investments and Montagu, together with existing shareholders Téthys Invest and Bpifrance, has agreed to acquire Galileo Global Education from Providence Equity Partners. The deal transfers majority ownership to long‑term institutional investors to support Galileo’s continued international expansion and development of its higher‑education offerings.