Announced
Completed
Financials
Tags
Private Equity
Education Services
Private
educational solutions
Acquisition
Completed
United States
Friendly
Cross Border
Single Bidder
Majority
Synopsis
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."
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