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New Deal


Announced

Completed

TPG led a $125m Series B round in Prodigy Education.

Financials

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Transaction Value£92m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Friendly

Cross Border

Completed

education technology

Private Equity

Canada

Private

Single Bidder

Digital Services

Acquisition

Venture Capital

Synopsis

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TPG led a $125m Series B round in Prodigy Education, one of the fastest growing EdTech companies in North America, with participation from Canadian Business Growth Fund. "Prodigy's impressive growth is underpinned by a truly differentiated, game-based, and adaptive platform that is well-aligned with the core curriculum for grades 1 through 8. Their commitment to their users and to their educational purpose is inspiring. We believe that Prodigy's unique value proposition for teachers, parents, and students – through advanced technology that fosters a love of learning – positions the company to connect with users across the world. We look forward to partnering with Rohan, Alex and the whole Prodigy team to build on the company's success," David Trujillo, TPG Partner.

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