.
MergerLinks Header Logo

New Deal


Announced

Completed

Blackstone and Canada Pension Plan Investment Board acquired Ascend Learning from Providence Equity Partners and Ontario Teachers' Pension Plan.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private Equity

Education Services

Private

educational solutions

Acquisition

Completed

United States

Friendly

Cross Border

Single Bidder

Majority

Synopsis

Edit

Blackstone and Canada Pension Plan Investment Board acquired Ascend Learning, a leading provider of educational content, software and analytics solutions, from Providence Equity Partners and Ontario Teachers' Pension Plan. Financial terms were not disclosed. "We are excited to work with Blackstone and CPPIB and know their partnership will be a tremendous asset for the next phase of our company's growth," said Greg Sebasky, CEO of Ascend Learning. "We're also grateful for the partnership we've had with Providence and Ontario Teachers' and the outstanding growth we've experienced working with them."

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US