Healthcare

Expanding academic opportunities for healthcare professionals across the US

Helping Unitek Learning reach its next stage of growth.

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Sector	Healthcare
Sub-sector	Education
Location	United States

Opportunity

Founded in 1992, Unitek learning is an industry-leading nursing and medical services education provider in the US, producing highly qualified, licensed healthcare professionals.

Operating across 14 campuses, Unitek has one of the largest nursing footprints in the Western United States and is recognized as one of the fastest-growing educational institutions. To support its continued growth, Unitek was seeking additional investment and a partner with capital resources, healthcare expertise and a proven track record in the education sector.

Action

Macquarie Capital acted as exclusive sell-side advisor on Unitek Learning’s sale to the Vistria Group. In addition, Macquarie Principal Finance provided preferred equity to Vistria to support the transaction, allowing Unitek to maintain favorable regulatory positioning post-transaction.

Macquarie Capital was able to structure a highly competitive and targeted sale process, focused on investors with proven success in Title IV education and healthcare. The transaction delivered a successful outcome for shareholders by focusing prospective investors on Unitek’s robust enrolment pipeline and industry-leading student outcomes. Macquarie was also able to navigate evolving federal and state regulatory landscapes to complete the transaction during a presidential election year.

The Vistria Group is an active investor within the education sector, including previous investments in Penn Foster, Catapult Learning and Higher Education.

Outcome

Unitek’s acquisition by Vistria Group will provide increased access to capital, allowing Unitek to grow and transform its business and continually optimize its cutting-edge education services.

This transaction comes at a critical time in the US as nursing and medical professionals work tirelessly at the forefront of the COVID crisis. With support from Vistria and Macquarie Capital, Unitek is well-positioned to enhance its capabilities, technologies and learning opportunities for students, ensuring nursing professionals across the US are better-equipped and prepared to protect the health and safety of our communities.

“Advising Unitek has proven to be a truly rewarding experience. At a time when healthcare professionals are needed more than ever in the United States and around the world, we are proud to have partnered with a mission-driven organisation like Unitek. Bringing both Macquarie’s advisory and principal finance capabilities to bear has delivered a successful outcome for all stakeholders, and most importantly has positioned Unitek to continue to deliver highly qualified nurses to the US healthcare system.”

Chris O’Keeffe, Macquarie Capital Services

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Macquarie Capital

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