M&A Deal Summary

Renaissance Acquires GL Education

On February 21, 2023, Renaissance acquired publishing company GL Education from Levine Leichtman Capital Partners

Acquisition Highlights
  • This is Renaissance’s 1st transaction in the Publishing sector.
  • This is Renaissance’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2023-02-21
Target GL Education
Sector Publishing
Buyer(s) Renaissance
Sellers(s) Levine Leichtman Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Baird (Financial)
Willkie Farr & Gallagher (Legal)

Target

GL Education

Brentford, United Kingdom
GL Education is an educational multimedia company, publishing innovative, curriculum-based resources for the UK and abroad. It currently supplies more than ninety-five per cent of schools in the UK and exports to more than thirty countries internationally, with a catalogue of over 800 software and hardware products. GL Education was founded in 1980 and is based in Brentford, United Kingdom.

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Buyer(S) 1

Buyer

Renaissance

Wisconsin Rapids, Wisconsin, United States

Category Company
Founded 1986
Sector Education
DESCRIPTION

Renaissance is a provider of technology-based school improvement and student assessment programs for pre-kindergarten through to senior high (pre-K-12, aged 5-18) schools and districts. The company's products and services, adopted by more than 70,000 schools, are primarily focused on two curriculum areas: reading and mathematics. Renaissance was founded in 1986 and is based in Wisconsin Rapids, Wisconsin.


DEAL STATS #
Overall 10 of 10
Sector: Publishing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 10 of 10
Country: United Kingdom M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-24 Illuminate Education

Irvine, California, United States

Illuminate Education is a provider of K-12 software and services. An educator perspective drives all of Illuminate’s solutions, which are designed to maximize instructional time, streamline educator tasks and support data-driven decision-making. Illuminate Education was founded in 2009 and is based in Irvine, California.

Buy -

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.


DEAL STATS #
Overall 53 of 59
Sector: Publishing M&A 3 of 3
Type: Add-on Acquisition M&A Deals 15 of 16
Country: United Kingdom M&A 2 of 3
Year: 2023 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Agdata

Charlotte, North Carolina, United States

Agdata is a provider of strategic data and analytical solutions to the world’s largest agricultural, crop protection, and animal health manufacturers. Agdata's solutions allow the input manufacturers and trait providers to analyze complex sales data and trends and develop and maintain marketing and seed rebate programs. Agdata was founded in 1985 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-23 Kilwins

Petoskey, Michigan, United States

Kilwins is a franchisor, retailer, manufacturer and distributor of premium quality chocolate, ice cream and confectionary products. Kilwins was founded in 1947 and is based in Petoskey, Michigan.

Buy -