Announced
Completed
Synopsis
Apax Partners, a private equity firm, completed an investment in Revolution Prep, a national provider of online academic tutoring and test preparation services. Financial terms were not disclosed. "The pandemic has accelerated the shift from traditional to online learning and we’re continuing to see strong demand even as society is re-opening. The attractiveness of on-demand access to professional tutors that can work around students’ schedules will only continue and we are thrilled to partner with Apax Digital on the next stage of our journey. Their investment will support an acceleration of our key growth priorities, including scaling up the more affordable small group tutoring format and the strategic expansion into the middle school tutoring segment, supporting families earlier in their academic journeys," Matt Kirchner, Revolution Prep CEO.
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