M&A Deal Summary

Evergreen Coast Capital Acquires DreamBox Learning

On November 8, 2021, private equity firm Evergreen Coast Capital acquired education company DreamBox Learning from TPG

Acquisition Highlights
  • This is Evergreen Coast Capital’s 1st transaction in the Education sector.
  • This is Evergreen Coast Capital’s 3rd transaction in the United States.
  • This is Evergreen Coast Capital’s 1st transaction in Washington.
Investment Fate
  • DreamBox Learning was sold to a strategic buyer in 2023.

M&A Deal Summary

Date 2021-11-08
Target DreamBox Learning
Sector Education
Buyer(s) Evergreen Coast Capital
Sellers(s) TPG
Deal Type Secondary Buyout

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

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 4 of 6
Sector: Education M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 Travelport

Langley, United Kingdom

Travelport is a developer of a travel commerce platform to provide distribution, technology, payment and other solutions for the global travel and tourism industry. The company facilitates travel commerce by connecting the world’s leading travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel marketplace. Travelport was founded in 2006 and is based in Langley, United Kingdom.

Buy $4.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 athenahealth

Boston, Massachusetts, United States

athenahealth is a provider of Internet-based business services for physician practices. The Company's service offerings are based on proprietary web-native practice management and electronic health record (EHR) software, a continuously updated payer knowledge-base, integrated back-office service operations, and live patient communications services. athenahealth was founded in 1997 and is based in Boston, Massachusetts.

Sell $17.0B

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 243 of 277
Sector: Education M&A 3 of 4
Type: Secondary Buyout M&A Deals 34 of 41
State: Washington M&A 5 of 5
Country: United States M&A 178 of 199
Year: 2021 M&A 17 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Keter

Stamford, Connecticut, United States

Keter is a full-service recycling and waste management company focused on providing first-class sustainable recycling and waste programs. Keter was founded in 2011 and is based in Stamford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-12 Cinespace Studios

Chicago, Illinois, United States

Cinespace Studios is a family-owned and operated company specializing in developing, managing, and operating studio space and support facilities for the film, television, and digital media production industry. Cinespace Studios was founded in 1988 and is based in Chicago, Illinois.

Buy -