Ashurst Advised Merrill Lynch International on Landmark Acquisition of Tribal Group

Ashurst Advised Merrill Lynch International on Landmark Acquisition of Tribal Group

Ashurst, a global law firm, is advising Merrill Lynch International, the financial adviser to Ellucian Company L.P. (Ellucian) and Tiger Bidco 1 Ltd (Bidco), on the approximately £172 million recommended cash offer by Bidco to acquire the entire issued and to be issued share capital of Tribal Group plc (Tribal).

Tribal is a leading provider of education software and services. Its portfolio of on-premise and cloud-based software products includes student information systems, which enable educational institutions to manage the complete student lifecycle. Tribal works with tertiary education providers, schools, government and state bodies, training providers, and employers in over 55 countries. Its mission is to empower the world of education with products and services that underpin student success. Ellucian is a provider of modern, cloud-based technology solutions and services for the tertiary education community, headquartered in the United States.

The Ashurst team was led by corporate partners Tom Mercer and Harry Thimont, supported by a core team of Aimee Carroll-Hewitt, Colin Bugler, and Michael Choi.