M&A Deal Summary

Discovery Education Acquires DreamBox Learning

On August 29, 2023, Discovery Education acquired education company DreamBox Learning from Evergreen Coast Capital

Acquisition Highlights
  • This is Discovery Education’s 3rd transaction in the Education sector.
  • This is Discovery Education’s 2nd transaction in the United States.
  • This is Discovery Education’s 1st transaction in Washington.

M&A Deal Summary
Date 2023-08-29
Target DreamBox Learning
Sector Education
Buyer(s) Discovery Education
Sellers(s) Evergreen Coast Capital
Deal Type Add-on Acquisition
Advisor(s) Moelis & Co. (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

DreamBox Learning

Bellevue, Washington, United States
DreamBox Learning provides a deeply personalized learning experience that guides and engages students at all levels with a combination of a rigorous K-8 math curriculum and a motivating learning environment that work seamlessly with pioneering Intelligent Adaptive technology. DreamBox Learning was founded in 2006 and is based in Bellevue, Washington.

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Buyer(S) 1

Buyer

Discovery Education

Charlotte, North Carolina, United States
Category Company
Sector Education
DESCRIPTION

Discovery Education with its state-of-the-art digital platform supports learning wherever it takes place. Through its multimedia content, instructional supports, and innovative classroom tools, the company helps educators deliver equitable learning experiences engaging all students and supporting higher academic achievement on a global scale. It serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in nearly 100 countries and territories. Discovery Education is based in Charlotte, North Carolina.

DEAL STATS #
Overall 3 of 3
Sector (Education) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Washington) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-31 Pivot Interactives

Minneapolis, Minnesota, United States

Pivot Interactives through its platform makes it simple for teachers to integrate active, phenomena-based learning for science and covers Astronomy, Biology, Chemistry, Earth & Space Science, Environmental Science, & Physics. Its collection of over 500 interactive videos & labs features real science phenomena with embedded lessons & questions for busy teachers that want their students to critically think, experience true science, & actively learn. Pivot Interactives is based in Minneapolis, Minnesota.

Buy -

Seller(S) 1

SELLER

Evergreen Coast Capital

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Evergreen Coast Capital is a private equity firm that invests in a variety of industries and situations throughout the US. Evergreen Coast Capital is headquartered in Menlo Park, California.

DEAL STATS #
Overall 3 of 4
Sector (Education) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Washington) 1 of 1
Country (United States) 3 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Citrix

Fort Lauderdale, Florida, United States

Citrix develops and sells products and services that enable the secure and reliable delivery of applications and data over public, private, or hybrid clouds or networks, to virtually any type of device. The Company markets and licenses its products directly to customers, over the Web, and through systems integrators, or SIs, in addition, to indirectly through value-added resellers, or VARs, value-added distributors, or VADs, original equipment manufacturers, or OEMs and service providers. Citrix was established in 1989 and is based in Ft. Lauderdale, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-15 WorkForce Software

Livonia, Michigan, United States

WorkForce Software provides enterprise clients with software solutions to manage employee time and labor schedules, control and manage employee absences, create employee schedules, and track employee compliance. WorkForce Software was founded in 1999 and is based in Livonia, Michigan.

Sell -
Mergr

Product

Company

Legal