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New Deal


Announced

Onex and Silver Lake to invest in WNE.

Financials

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

Tags

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Acquisition

Domestic

Private Equity

Software

United States

Friendly

digital education

mobile applications

software

Private

Single Bidder

Pending

Private Equity

Minority

Synopsis

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Onex, an asset manager, and Silver Lake to invest in Weld North Education, a K-12 digital curriculum company. The transaction is anticipated to close by the end of the first quarter subject to customary conditions and regulatory approvals. Financial terms were not disclosed. “As the leader in K-12 digital curriculum, we are proud of our work this past year in supporting schools, teachers and students during this unprecedented period of upheaval caused by the pandemic and we are privileged to be valued partners with administrators, teachers and students in harnessing technology to enhance the learning experience and improve outcomes, both today and tomorrow,” Jonathan Grayer, Weld North Education Chairman and CEO.

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