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New Deal


Announced

Five Arrows-backed Texthelp to merge with n2y.

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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education services

online services

Acquisition

Private Equity

Domestic

Software

United States

online education

education curriculum

Merger

Private

Pending

Single Bidder

Majority

Friendly

Synopsis

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Five Arrows-backed Texthelp, a company specializing in literacy and assistive technology, agreed to merge with n2y, a trailblazer in special education curriculum resources. Financial terms were not disclosed. “We both recognize, understand and celebrate what makes students and adults unique. For us, addressing diverse needs in schools and in the workplace is not simply a legal requirement, it’s a cultural imperative. Uniting our teams means that our mission to advance the literacy and understanding of 1bn people not only becomes more possible, but we can also make a deeper, richer impact on people’s lives. We couldn’t be more excited to make that mark on society, together as one," Martin McKay, Texthelp CEO.

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