HALISTER1: DeVry’s Becker Professional Unit to Buy Warburg Pincus’s ACAMS

DeVry’s Becker Professional Unit to Buy Warburg Pincus’s ACAMS

(Bloomberg) -- Becker Professional Education to acquire Association of Certified Anti-Money Laundering Specialists (ACAMS) for $330m in a deal set to close in July.
  • ACAMS expected to generate FY17 rev. in “low” $40m range
  • Deal seen as hurting EPS “modestly” in fiscal 2017, then adding to EPS in fiscal 2018 and beyond
  • Funding from a combination of cash and debt
  • NOTE: ACAMS is a member-driven organization of financial crimes prevention professionals
  • Deal represents “diversification into a new vertical” with a potential total addressable market of >$2b
Statement: Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
DV US (DeVry Education Group Inc)
20326Z US (Warburg Pincus LLC)

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