Blackstone and Vista Equity Partners have agreed to buy Ellucian, a higher education technology company. The actual purchasers will be private equity funds controlled by the two businesses. Ellucian is currently owned by TPG Capital and Leonard Green & Partners.
Eli Nagler, a senior managing director at Blackstone, said, “Digital transformation is one of Blackstone’s highest-conviction investment themes, and Ellucian has proven itself a clear leader in the fast-growing higher education technology sector. The long-term nature of our partnership with Ellucian will allow us to invest substantially in innovation for its customers.”