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Buyout heavyweights circle EmbanetCompass Group

1 Aug 2012

Bain Capital, Providence, Hellman & Friedman and Advent are reported to be among private equity firms considering making offers for online higher education services company EmbanetCompass, in a sale that could fetch between $550m and $825m.

The company is understood to have hired Morgan Stanley to run the auction, Reuters reported on Wednesday. First round bids for the business are expected by 7 August, in a sale process that could also attract an offer from Apax Partners-backed Cengage Learning.

EmbanetCompass partners with over 35 not-for-profit colleges and universities on online courses. The company is backed by one-time “junk bond king” Michael Milken, the report added.

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