Vista Equity to acquire Advisory Board's education business for $1.55 bln

The Advisory Board Company has agreed to sell its education business, which includes Royall & Company, to Vista Equity Partners, for $1.55 billion. The deal is expected to close by the end of the year or early 2018. Also, the Advisory Board will sell its health care business to Optum, a health services company, for $1.3 billion. Goldman Sachs and Allen & Company LLC are providing financial advice to the Advisory Board while Evercore and Macquarie Capital are doing likewise for Vista Equity Partners. Kirkland & Ellis is representing Vista Equity Partners on the acquisition.

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