Evergreen Coast Capital Acquires Majority Stake in DreamBox Learning

Discovery Education Acquires DreamBox Learning

October 12, 2023

Education

Discovery Education, a Clearlake Capital–backed global edtech company, agreed to and completed the acquisition of DreamBox Learning, a Bellevue-based PK–12 adaptive learning platform serving more than 6 million students and 600,000 educators. The deal (terms undisclosed) brings DreamBox’s adaptive math and reading technology into Discovery Education’s suite to expand product capabilities and reach; DreamBox investors Elliott Investment Management and TPG’s The Rise Fund will retain minority stakes.

DreamBox Learning Acquires Reading Plus

August 17, 2021

Education

DreamBox Learning, a Bellevue-based K-8 education technology provider, has acquired Reading Plus, a Winooski, Vermont-based adaptive online reading program for grades 3–12. The purchase—sold by Avathon Capital—expands DreamBox's product portfolio from math into English language arts (reading), creating a combined dual-discipline offering for K-12 customers.

eDynamic Learning Acquires Greenways Academy

November 9, 2021

Education

eDynamic Learning, a provider of digital K-12 curriculum, has acquired Greenways Academy, a fully accredited online K-12 virtual school. The acquisition expands eDynamic Learning's virtual school offerings and enables the combined organization to reach more students and schools with personalized, career-focused and CTE-aligned online programs.

Clearlake Capital Acquires Discovery Education from Francisco Partners

March 9, 2022

Education

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.

Evergreen Coast Capital Makes Strategic Growth Investment in WorkForce Software

July 1, 2019

Cloud & SaaS

WorkForce Software, a Livonia, Michigan-based provider of cloud workforce management solutions, received a significant equity investment from affiliates of Evergreen Coast Capital, which will become an equal partner with existing majority investor Insight Partners. The growth investment is intended to accelerate international expansion, product innovation, and scale the company’s customer experience; terms were not disclosed.

Providence Equity Partners Majority Investment in Accelerate Learning

February 21, 2023

Education

Providence Equity Partners has made a majority investment in Accelerate Learning, a Houston-based provider of K-12 STEM curriculum and digital learning platforms. Existing investors including funds managed by Carlyle, Quad Partners, Rice University and Owl Ventures will retain minority stakes; financial terms were not disclosed. The investment is intended to help Accelerate Learning scale growth, deepen customer relationships and pursue organic and inorganic expansion opportunities.