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New Deal


Announced

Completed

Clearlake Capital-backed Discovery Education completed the acquisition of DreamBox Learning.

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

Education Services

education technology

Domestic

Private Equity

Single Bidder

Acquisition

Private

Majority

Friendly

Completed

Synopsis

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Clearlake Capital-backed Discovery Education, an education technology company, completed the acquisition of DreamBox Learning, a K-12 education technology provider. Financial terms were not disclosed. "Discovery Education's acquisition of DreamBox Learning unites two cultures of passion and purpose. Together, we are positioned to provide school systems worldwide a wider range of research-based products that provide students, real, measurable impact on learning from one consolidated platform at the time school systems are seeking more ROI than ever from their edtech spend. We believe this new combination of people and solutions will allow Discovery Education to expand its impact on education and continue its growth trajectory," Jeremy Cowdrey, Discovery Education CEO.

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