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.
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.
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.
Chris O’Keeffe, Macquarie Capital Services