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New Deal


Announced

Completed

Clearlake Capital-backed Discovery Education completed the acquisition of Pivot Interactives.

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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United States

Private Equity

e-learning platform

Private

Completed

Majority

Acquisition

Friendly

Education Services

Single Bidder

Domestic

Synopsis

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Clearlake Capital-backed Discovery Education, an ed-tech company, completed the acquisition of Pivot Interactives, a web-based learning platform. Financial terms were not disclosed. "Discovery Education empowers teachers and inspires students worldwide through digital content delivered on our platform. Unlike other digital interactives on the market, Pivot Interactives explores concepts using real-life experiments, not animations, allowing teachers to include phenomena-based learning at any stage of the learning cycle. Through our acquisition of Pivot Interactives, Discovery Education is now better positioned to broaden our impact by providing our partner school systems access to phenomena-based, active learning tools," Scott Kinney, Discovery Education CEO.

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