Private Equity Using Loans for Payouts at Fastest Pace in Years
At a time when the cost of selling loans is relatively cheap, private equity firms are hitting this market in the U.S. at the fastest pace in years; this month possibly seeing the largest dividend recapitalization deals since the last financial crisis according to Bloomberg’s data.
Reston, Virginia-based Ellucian Inc. is selling a $1.6 billion first-lien loan, increasing its leverage 8.5 times. Ellucian will thus use part of the proceeds to pay dividends and refinance debt maturing in the next two to three years.
Source: BNN Bloomberg
Former Blackboard CEO Raises $16M to Bring LMS Features to Zoom Classrooms
A newcomer in the field of learning management, ClassEDU, is making its debut piggybacking on Zoom whose publicly-traded company has increased five-fold since the beginning of the pandemic.
Class for Zoom, co-founded by Michael Chasen, who previously co-founded and served 12 years as CEO of Blackboard, is a suite of tools that let instructors take attendance, distribute and grade assignments, as well as deliver online assessments through Zoom.
Chasen wants to replicate as much of the in-person classroom experience as possible: letting teachers see the order in which kids virtually raise their hands, features including the ability to track how long students speak during class, a built-in gradebook and attendance tracker as well as a proctoring feature. All these features are still in development but plans are set to have a full public launch by the end of the year.
Monitoring/Business Intelligence – Dartmouth College
TIBCO Works with Dartmouth College to Promote a Responsible Return to Learning
As Darmouth College invited students back to campus on a quarter system semester, it opted to implement TIBCO GatherSmart as a way to gather and compile health information regarding its on-campus student population.
TIBCO GatherSmart™, in combination with the BI tool TIBCO Spotfire®, will help Darmouth gather, monitor, and share different data sets related to COVID-19, thus proactively controlling the further spread of the virus.
Online Program Management – La Trobe University
New Partnership Increases Choice Online
In order to provide greater choice and flexibility for postgraduate students, La Trobe University has entered into a new partnership agreement with Wiley Education Services. This partnership will not only increase the program choices for students, “[…] but also better prepare these learners for the health and business careers that are in demand now and will continue to be in demand beyond the pandemic,” says Wiley Education Services president Todd Zipper.
Source: Mirage News