SAN FRANCISCO–(BUSINESS WIRE)–Francisco Companions, a number one international funding agency that focuses on partnering with know-how companies, at the moment introduced that it has signed a definitive settlement to accumulate BARBRI Inc. (“BARBRI”) from Leeds Fairness Companions, LLC, (“Leeds Fairness”). Phrases of the transaction weren’t introduced.
BARBRI is the market chief in technology-enabled authorized schooling, providing a complete product suite throughout the entire authorized schooling lifecycle. For many years, BARBRI has helped tens of 1000’s of take a look at takers every year put together for and move the Bar examination. Extra lately, BARBRI has leveraged its know-how platform to develop take a look at preparation choices within the UK with the SQE, in skilled schooling with Paralegal and eDiscovery certification, and in authorized schooling with pre-law bootcamps and on-line JD courseware.
“We’re thrilled to be partnering with Francisco Companions throughout BARBRI’s subsequent stage of development as we glance to construct upon our sturdy franchise inside authorized schooling and proceed to execute on the numerous development alternatives forward,” mentioned Steve Fredette, CEO of BARBRI. “Working with a know-how centered investor will additional BARBRI’s plans to modernize the way in which authorized schooling and coaching are delivered whereas persevering with to supply our prospects the very best high quality expertise.”
One of many nation’s most energetic buyers in schooling know-how, Francisco Companions’ different investments embody Discovery Training, a number one supplier of software program and digital engagement options to Ok-12 school rooms, and Renaissance Studying, whose common digital evaluation and observe options are actually utilized in greater than one-third of U.S. faculties.
“BARBRI’s data-driven method to authorized schooling permits it to ship mission essential outcomes to college students, universities, and authorized professionals world wide,” mentioned Jason Brein, Associate at Francisco Companions. “We’ve lengthy admired the corporate that Steve Fredette and staff have constructed, and we look ahead to leveraging our experience and observe document investing in schooling know-how to drive future development at BARBRI.”
The transaction is predicted to shut within the second quarter of 2021, topic to customary regulatory approvals. Kirkland and Ellis LLP served as authorized advisor and Raymond James served as monetary advisor to Francisco Companions.
BARBRI is a worldwide studying firm devoted to assembly the authorized schooling and specialised coaching wants of regulation college students, attorneys and different professionals all through their careers. BARBRI’s success is constructed upon its unmatched know-how and progressive pedagogy, mixed with the power to harness information analytics, behavioral economics, studying science, and extra to develop options for learners and establishments. Constructing on the success of its core bar programs, which have helped greater than 1.three million legal professionals world wide move a U.S. bar examination, BARBRI gives a complete suite of studying options for greater schooling establishments and law-related companies which incorporates U.S. bar prep, curriculum, evaluation, international license preparation, on-line program administration, growth. BARBRI, based in 1967, is headquartered in Dallas, Texas, with places of work all through the USA and world wide.
For extra data on BARBRI, please go to www.barbri.com
About Francisco Companions
Francisco Companions is a number one international funding agency that focuses on partnering with know-how and technology-enabled companies. Since its launch over 20 years in the past, Francisco Companions has invested in additional than 300 know-how firms, making it one of the crucial energetic and longstanding buyers within the know-how trade. With greater than $25 billion in belongings beneath administration, the agency invests in alternatives the place its deep sectoral information and operational experience can assist firms notice their full potential.
For extra data on Francisco Companions, please go to www.franciscopartners.com.
About Leeds Fairness Companions
Leeds Fairness Companions, LLC, is a New York-based personal fairness agency devoted solely to partnering with administration groups within the schooling, coaching and data companies industries (the “Data Industries”). The agency was based in 1993 and has managed $three.9 billion of capital throughout a broad spectrum of firms throughout the Data Industries. Leeds Fairness seeks to leverage its sector-focused experience and market insights to create long-term worth for its accomplice firms.
For extra data on Leeds Fairness, please go to www.leedsequity.com