Shah, Zach

Zack Shah

Managing Director
Chicago Mergers & Acquisitions Business Services +1 (312) 506-2798
The opportunity to be part of the journey of mission-driven and passionate individuals who are doing well for their stakeholders by doing good is inspiring - a true double bottom line approach.

Zack focuses on institutions and businesses across the entire education ecosystem with more recent expansion of coverage where knowledge and talent sectors intersect. He helps businesses with strong value propositions of enhancing learning and/or career opportunities for learners/talent or creating efficiencies in the delivery of these services. Given his training in education policy and industry experience within one of the largest global education companies, Zack provides thesis-driven, strategic advice with an emphasis on delivering long-term value for his clients and their constituencies.

Most recently, Zack was Head of Corporate Development and Mergers & Acquisitions at Adtalem Global Education. Prior to Adtalem, Zack was a Managing Director at Lazard where he focused exclusively on the education sector. Zack’s professional history also includes roles as a Director at BMO Capital Markets, and a Vice President at Bank of America Merrill Lynch (f/k/a Banc of America Securities). He started his investment banking career at Wells Fargo (f/k/a Wachovia Securities).

Zack serves on the Board of Trustees of the United Church of Christ Chicago Theological Seminary and the HKS Fund Executive Council of the Harvard Kennedy School.

Zack holds both a Master of Public Administration with a focus on education policy from Harvard University, and a Master of Business Administration in accounting and finance from the University of Chicago. He earned a Bachelor of Science with honors in chemical engineering from the University of Houston.

Recent Transactions

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Perspectives featuring Zack Shah

Online Tutoring – Academic Success and College Admissions Prep

On Thursday, March 4, 2021, Lincoln International hosted a webinar with Revolution Prep, one of the leading providers of online instruction and personalized learning, discussing real-time trends in college admissions… Read More

Lincoln Shares Insights about “Quality vs. Mediocrity” in Education

  One area where the two panelists represented arguably “middle-of-the-road” philosophies for their respective parties and agreed that the discussion around Pre-K-12 schools and the education of our children should… Read More

The 2020 Back-to-School Conundrum for Education Investors

After six months, we feel confident in saying that 2020 will go down as one of the most unique years in the history of education investing. COVID-19 has impacted every… Read More

New Generation of Investment Opportunities in Human Capital Management Result from COVID-19

Few would disagree that 2019 was a candidate driven market when it came to hiring. With low unemployment and the underlying health of the economy sound, employers had to compete… Read More

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News & Media featuring Zack Shah

The Unpredictable Year: U.S. M&A Reflections and Projections

To epidemiologists, a global pandemic was not a matter of “if,” but “when.” But to the rest of the world, the events of 2020 have been full of surprises. Today,… Read More

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Meet our Senior Team