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New Deal


Announced

Onex to acquire Tes Global from Providence Equity Partners.

Financials

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

Tags

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Single Bidder

education management

Majority

Friendly

Acquisition

United Kingdom

Cross Border

Pending

Private Equity

Education Services

Private

Synopsis

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Onex, an investment manager, agreed to acquire Tes Global, an education technology services provider, from Providence Equity Partners, a premier private equity firm that specializes in growth-oriented investments in media, communications, education and technology. Financial terms were not disclosed. "Tes has a well-established brand and deep-rooted relationships with teachers, creating an unparalleled and highly differentiated place in the market. We were attracted to its focus of helping both teachers and school administrators deliver better educational outcomes for students in the UK and around the world," Nigel Wright, Onex Senior Managing Director.

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