Press Release

Kirkland Represents Strayer Education on $1.9 Billion Merger of Equals with Capella Education Company

Kirkland & Ellis LLP advised Strayer Education, Inc. (NASDAQ: STRA), an education services company, on its merger of equals with Capella Education Company (NASDAQ: CPLA), a leading educational services company, in an all-stock transaction with an implied equity value of approximately $1.9 billion. The combination will create a national leader in education innovation. The transaction is expected to close in the 3rd quarter of 2018, subject to customary closing conditions. The full press release is available here.

The Kirkland team was led by partner Viet D. Dinh with corporate partners Sarkis Jebejian, Mark Director, Clement Smadja and Veronica Nunn and foreign associate John Lee and associates Meredith Klionsky and Michele Joo Shank; executive compensation partner Michael Krasnovsky and associate Julia Onorato; and tax partner Roger Lucas.