ETS Strategic Capital, a unit within ETS focused on growing its educational business and advancing the organization’s strategic mission impact through equity investments, growth partnerships, and mergers and acquisitions, announced new deals.
The new companies joining ETS Strategic Capital’s portfolio include:
- MPOWER Financing, a Washington, D.C. and Bangalore, India based FinTech lender focused on increasing access for the international and DACA (Deferred Action for Childhood Arrivals) student communities that are currently underserved by conventional banks. ETS Strategic Capital made a minority investment in MPOWER Financing’s most recently-closed financing round and plans to leverage its largely international connections to student borrowers in Asia-Pacific regions, primarily India and China. The company is led by Manu Smadja, CEO and Co-founder.
- Vericant, a company comprised of United States, China and internationally-located teams of admissions professionals who are working to aid admissions officers in being able to better evaluate their candidates through 1:1 video interviews, allowing them to make informed decisions with comprehensive information. Via a cross-border M&A transaction, ETS Strategic Capital has acquired Vericant, which going forward will operate as a new subsidiary of ETS. The company is led by Guy Sivan, CEO.
MPOWER Financing and Vericant join ETS Strategic Capital’s portfolio. The previously announced deals include those with ApplyBoard, Capti, EdAgree, Pipplet and Gradschoolmatch.
ETS Strategic Capital serves as the private equity investment and M&A execution arm for ETS, its subsidiaries and its partners sourcing transactions within both the domestic United States and internationally. The unit partners with the broader EdTech ecosystem to identify and execute deals, coordinate with other ETS business units to identify opportunities and needs, network with professional services firms with education expertise, and build direct relationships with businesses internationally — especially within Asia Pacific, Southeast Asia, Latin America and the Middle East & Africa (MENA) regions. ETS Strategic Capital targets private equity investments that are typically in Series B, C or later; acquisitions that are middle-market in scale; and growth partnerships that may involve joint ventures (JVs), channel-affiliate or distribution agreements, Intellectual Property (IP) licensing and technology-transfer relationships.