Onex Group Invests in Weld North Education

Weld North Education Acquires LearnZillion

January 8, 2020

Education

Weld North Education, in partnership with Silver Lake, has acquired LearnZillion, a provider of K–12 digital-first core curriculum. LearnZillion will join Edgenuity within Weld North Education to expand the company’s digital core curriculum offerings and provide teachers with customizable, data-driven instructional tools; LearnZillion CEO Eric Westendorf and his team will remain with the business.

Weld North Education Acquires Twig Education

July 15, 2021

Education

Weld North Education (WNE) has acquired Twig Education, a U.K.-based provider of multimedia-rich, NGSS-aligned digital science curriculum. The acquisition expands WNE's K‑12 digital core curriculum offerings in science — WNE said Twig will continue to be led by CEO Catherine Cahn and will be rolled out more broadly across the U.S.

Weld North Education Acquires BookheadEd Learning (StudySync)

February 4, 2021

Education

Weld North Education (WNE) has acquired BookheadEd Learning, the developer of the StudySync and SyncBlasts digital-first English Language Arts curriculum used by over three million students. The acquisition expands WNE's K–12 digital curriculum capabilities and advances its strategy to deliver a comprehensive digital-first core curriculum for districts and schools.

Onex Partners V Acquires Tes Global from Providence Equity Partners

December 7, 2021

Education

Onex Corporation, through its Onex Partners V fund, has agreed to acquire Tes Global from Providence Equity Partners; Tes management will reinvest alongside Onex. Tes is a London-based education technology provider powering school and teacher products (staff management, safeguarding & compliance, pupil & learning management) and employs over 500 people across multiple offices worldwide. The deal is expected to close in Q1 2022 and financial terms were not disclosed.

Onex Partners V Makes Equity Investment in Wealth Enhancement Group

October 1, 2021

Financial Services

Onex Partners V, together with certain co-investors including Onex Corporation, completed an equity investment in Wealth Enhancement Group (WEG), joining existing investor TA Associates as equal capital partners. The transaction (Onex's share ~US$250 million) will support WEG's next stage of organic growth and M&A expansion while the firm remains privately held under its existing management team.

Onex Partners V Makes Majority Investment in Newport Healthcare

July 7, 2021

Healthcare Services

Onex Partners V, the private equity investment arm of Onex, has agreed to acquire a majority stake (approximately 60%) in Newport Healthcare, a U.S. provider of evidence-based residential and outpatient treatment programs for teens and young adults with mental-health issues. The investment, completed in July 2021 after announcing the agreement in June 2021, will partner with Newport's management to expand access to the company's behavioral-health services nationwide; terms were not disclosed.