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Datatel + SGHE Merger Update

Datatel + SGHE Merger Update

Wild rumors, alarmist blog posts, and uncertainty is driving a lot of industry interest and online traffic about the Datatel + SGHE transaction. One blogger has even gone so far as posting information about how to track company changes (layoffs) through LinkedIn.

To get the latest updates, I had a chance last week to speak to former SunGard HIgher Education colleagues Michelle Reed, Senior Vice President & Chie...
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Datatel Said to Seek $1.2 Billion in Loans for SunGard Deal

Datatel Said to Seek $1.2 Billion in Loans for SunGard Deal

Datatel Inc., the software company owned by Hellman & Freidman LLC, is seeking $1.195 billion in loans to finance its acquisition of SunGard Higher Education, according to a person with knowledge of the transaction.

Bank of America Corp., Barclays Plc, Citigroup Inc., Credit Suisse Group AG and JPMorgan Chase & Co. are arranging the financing for the Fairfax, Vir...
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Anupreeta Das of WSJ reports SunGard Investor is in "exclusive talks" to buy Blackboard

According to a story published just minutes ago, all but Providence Equity Partners have dropped out of negotiations with Blackboard.

In part, the article reads, "Buyout firm Providence Equity Partners is in exclusive talks to buy educational software company Blackboard."

The firm, Providence Equity Partners, holds a stake in SunGard, Hulu and others.  Providence Equity Partners is part of the group of investors that purchased SunGard in 2005. 

As a result of a number of confidentiality agreements, I am unable to comment or provide any opinion on this matter.  Sorry members!  I can only publish what's public information.

 

Vicki Tambellini

The Tambellini Group

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Bloomberg Reports that Providence Equity Partners Inc. is in the lead to buy Blackboard

Speculation continues as writers Serena Saitto and Cristina Alesci publish a report stating that "Providence Equity Partners Inc. is in the lead to buy Blackboard Inc., a maker of online educational courseware, according to a person with knowledge of the situation.

The writers continue with information regarding other potential bids.  The company is not commenting.

As one of our readers pointed out earlier today, Providence Equity Partners, Inc. participated in the LBO of SunGard in 2005. 

Vicki Tambellini

The Tambellini Group

www.thetambellinigroup.com

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Cajana Responds Alleging SunGard Higher Education has Unclean Hands

According to an official response filed today by Cajana in Ohio, Cajana admits to certain accusations made by SunGard Higher Education, denies many accusations made by SunGard and alleges many issues including "unclean hands". 

edu1world published the "true" rumor that SunGard Higher Education is suing Cajana recently and more than 4,000 people have reviewed the post.  We know that many are following this story and look forward to your comments.

 

Vicki Tambellini

www.edu1world.org