February 2, 2012 EDUCATION INDUSTRY M&A FOR 2011

“2011 was a successful year for M&A in the education industry across most sectors in terms of activity and valuations,” said Berkery Noyes managing director Mary Jo Zandy. “This momentum has further built in the first quarter of 2012. Areas of most interest to acquirers at the present time are online education, education services and education technology companies. Still, consolidation is ongoing among print-based education businesses, and the anticipated effects of common core standards implementation are likely to accelerate this trend.”