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WNE to be top of the class with Glynlyon
Posted on Thursday, 07 February 2019 13:07
Weld North Education (WNE) is buying US-based Glynlyon in a deal that will expand its portfolio in the kindergarten to 12th grade (K-12) digital curriculum market.
No financial details of the transaction, which is subject to regulatory approval and expected to close in the second quarter of 2019, have been disclosed at this time.
Glynlyon, which is a portfolio company of Linsalata Capital Partners, will add to WNE’s existing businesses, namely Edgenuity, Generation Ready and Imagine Learning.
The target provides digital educational services to over 1.00 million students in the institutional and consumer education markets.
Glynlyon’s serves over 3,000 public schools, two private virtual schools, as well as home-school curriculums across the US.
Its brands include AOP, which provides digital educational books and resources to private and home-schooled children, and Odyssey, an online curriculum library that contains over 300 courses for students.
Jonathan Grayer, chief executive of WNE, said that: “Glynlyon is a recognized innovator and market leader operating at the intersection of learning and technology. We know categorically that digital learning is a meaningful and powerful tool in generating positive outcomes for students.”
Founded in 2010, the buyer provides a digital curriculum and a range of educational services and online programmes, including learning analytics, for pre-K12 pupils in the US.
The deal marks the first transaction for WNE since it sold Learning House to John Wiley & Sons for USD 200.00 million in November 2018.
According to Zephyr, the M&A database published by Bureau van Dijk, there were 89 deals targeting educational support services providers announced worldwide in 2018.
In the largest of these, Baring Private Equity Asia bought Prometric for USD 1.00 billion.
Other companies targeted in this sector last year include Infinitas Learning Holding, Xinjiang Edukeys International Education Services, Galvanize and Pearson.
Sari Factor, chief executive of Edgenuity, said: “With the acquisition of Glynlyon, we will expand the variety of curriculum solutions to appeal to a broader range of market needs and preferences.”
© Zephus Ltd