Ashurst advises Merrill Lynch International on recommended cash offer for Tribal Group plc
06 October 2023
Global law firm Ashurst is advising Merrill Lynch International as 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 enables education institutions to manage the complete student lifecycle. Working with tertiary education, schools, Government and State bodies, training providers and employers, in over 55 countries, Tribal's mission is to empower the world of education with products and services that underpin student success. Ellucian is a provider of modern, cloud-ready technology solutions and services serving the tertiary education community and is headquartered in the United States.
The Ashurst team was led by corporate partners Tom Mercer and Harry Thimont. They were supported by a core team of Aimee Carroll-Hewitt, Colin Bugler and Michael Choi.
