M&A Deal Summary

KKR Acquires Teaching Strategies

On July 21, 2021, private equity firm KKR acquired education company Teaching Strategies from Summit Partners

Acquisition Highlights
  • This is KKR’s 9th transaction in the Education sector.
  • This is KKR’s 173rd transaction in the United States.
  • This is KKR’s 5th transaction in Maryland.

M&A Deal Summary
Date 2021-07-21
Target Teaching Strategies
Sector Education
Buyer(s) KKR
Sellers(s) Summit Partners
Deal Type Secondary Buyout
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
Kirkland & Ellis (Legal)

Target

Teaching Strategies

Bethesda, Maryland, United States
Teaching Strategies is a provider of childhood educational resources, including curriculum and web-based assessment products. Teaching Strategies offers the industry’s widest selection of research-based, developmentally appropriate instruction and assessment products to the growing early childhood market. Teaching Strategies was established in 1988 and is based in Bethesda, Maryland.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 404 of 483
Sector (Education) 9 of 10
Type (Secondary Buyout) 82 of 107
State (Maryland) 5 of 6
Country (United States) 173 of 210
Year (2021) 35 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-21 Sapphiros

Boston, Massachusetts, United States

Sapphiros is a consumer diagnostic portfolio company that invests in growth-stage diagnostic companies, led by exceptional entrepreneurs, and empowers them with the full strength of the platform’s resources, capital, and expertise to accelerate and enhance growth and impact. Sapphiros was founded in 2021 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 Sol Systems

Washington, District of Columbia, United States

Sol Systems combines renewable energy development, delivery, asset management, and environmental commodity management into one unique infrastructure and impact offering. Sol Systems was formed in 2008 and is based in Washington, District of Columbia.

Buy -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 262 of 285
Sector (Education) 4 of 4
Type (Secondary Buyout) 50 of 59
State (Maryland) 3 of 3
Country (United States) 230 of 246
Year (2021) 13 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 LakePharma

San Carlos, California, United States

LakePharma is a biologics company specializing in antibody engineering, antibody discovery, molecular engineering, protein chemistry, bioexpression, biofunction, bioprocessing, and bioanalytics. LakePharma focuses on integrated platforms to support projects throughout the drug discovery process. LakePharma was founded in 2009 and is based in San Carlos, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Clarabridge

Reston, Virginia, United States

Clarabridge is a provider of omnichannel conversational analytics. Clarabridge helps the world's leading brands take a data-driven, customer-focused approach to everything they do. Using AI-powered conversational analytics, Clarabridge's platform enables brands to extract actionable insights from every customer interaction to grow sales, ensure compliance, and increase operational efficiencies. Clarabridge was founded in 2006 and is based in Reston, Virginia.

Sell $1.1B
Mergr

Product

Company

Legal