2U Inc to buy Trilogy Education for $750 mln

2U Inc has agreed to acquire Boca Raton, Florida and New York City-based Trilogy Education, a workforce accelerator that prepares adult learners for careers in the digital economy, for $750 million. Citigroup Global Markets Inc. provided financial advice to 2U on the transaction while Morgan Stanley advised Trilogy Education. Trilogy's backers included Highland Capital Partners, Macquarie Capital, Exceed Capital, Rethink Impact, City Light Capital and Triumph Capital LLC.