LG&P Revealed as Majority Investor in Ellucian $3.5B deal
August 17, 2015
Leonard Green & Partners has been revealed as a majority investor in the previously reported acquisition of Ellucian from Hellman & Friedman and co-investor JMI Equity. Officially announced on Friday, LG&P along with TPG Capital will purchase the company in a transaction that could value it at $3.5 billion, including debt. Ellucian is a provider of software solutions and professional business services to higher education institutions. The deal is expected to close by year end.