Clearlake Capital Acquires Discovery Education from Francisco Partners
March 9, 2022
An affiliate of Clearlake Capital Group agreed to acquire a majority stake in Discovery Education from Francisco Partners, with Francisco Partners retaining a minority equity interest. The deal will leave Discovery Education’s CEO Scott Kinney and management team in place and is intended to accelerate platform growth, deepen distribution, and support strategic add-on M&A to expand the company’s digital K–12 curriculum offerings.
- Targets
- Discovery Education, Inc.
- Sellers
- Francisco Partners
- Industry
- Education
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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