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Announced

Completed

Francisco Partners-backed Renaissance Learning completed the acquisition of Nearpod for $650m.

Financials

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Transaction Value£464m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Acquisition

Single Bidder

Education Services

Private

k-12 education

Majority

United States

Private Equity

Domestic

Completed

Synopsis

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Francisco Partners-backed Renaissance Learning, a software as a service and learning analytics company, completed the acquisition of Nearpod, a mobile app that enables teachers to create and share interactive multimedia presentations with their students, for $650m. With the deal, Renaissance Learning will acquire one of the region's most successful education technology startups.

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