Announced
Completed
Financials
Tags
Public
educational technology
Acquisition
United States
Education Services
Completed
Private Equity
Majority
Friendly
Single Bidder
Synopsis
Veritas Capital completed the acquisition of Cambium Learning Group, a educational technology solutions company committed to helping all students reach their full potential, for $685m. Veritas paid $14.50 in cash per share. “Education is a key focus area for Veritas given its importance to the nation, and we are excited to partner with Cambium and its management team to advance the Company’s leadership in preK-12 digital education. We look forward to supporting Cambium’s continued growth and investment in the development of new, innovative products, technology and services to help improve outcomes for students, parents, educators and school districts,” Ramzi Musallam, Veritas Capital Chief Executive Officer and Managing Partner.
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