Madison Dearborn Partners completed the acquisition of a majority stake in Carnegie Learning from CIP Capital.

Madison Dearborn Partners, a private equity firm based in Chicago, completed the acquisition of a majority stake in Carnegie Learning, a provider of curricula, textbooks and math learning software for grades 6-12, from CIP Capital, a New York-based private equity firm. Financial terms were not disclosed. "We are excited to partner with MDP as we work together to support students and educators in this dynamic, rapidly evolving learning environment. We expect to benefit from MDP’s extensive resource network in the education technology space and expertise supporting high-growth technology companies like ourselves. Our ability to provide sophisticated, flexible digital solutions, and help administrators and educators ensure the success of their students, is further enhanced by adding Scientific Learning and its powerful reading platform to our suite of solutions," Barry Malkin, Carnegie Learning CEO.