Midocean Partners Acquires Pragmatic Institute, An Industry Leading Provider Of Professional Training In Fast Growing Product Management, Data And Digital Design Fields

Jul 11, 2022•about 3 years ago

Acquiring Company

MidOcean Partners

Acquired Company

Pragmatic Institute

Consumer ElectronicsContent And PublishingHardware

Description

MidOcean Partners, a premier middle market private equity firm focused on the business services and consumer sectors, announced today that it has acquired Pragmatic Institute (“Pragmatic” or the “Company”) from Renovus Capital Partners and other investors.

Company Information

Company

MidOcean Partners

About

MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts.

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Integration timeline

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Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

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