M&A Deal Summary

Texthelp Acquires n2y

On March 25, 2024, Texthelp acquired internet software and services company n2y from Five Arrows

Acquisition Highlights
  • This is Texthelp’s 2nd transaction in the Internet Software and Services sector.
  • This is Texthelp’s 2nd transaction in the United States.
  • This is Texthelp’s 1st transaction in Ohio.

M&A Deal Summary

Date 2024-03-25
Target n2y
Sector Internet Software and Services
Buyer(s) Texthelp
Sellers(s) Five Arrows
Deal Type Merger

Target

n2y

Huron, Ohio, United States
n2y is a developer of education curricula and teaching materials for K-12 students with special needs. n2y offers its products to teachers and school administrators through a cloud-based subscription platform. n2y’s core products include Unique Learning System, a standards-based curriculum program designed specifically for students with special needs; news-2-you, a weekly current events newspaper; and SymbolStix, a symbol-based language used in learning materials. n2y was founded in 1997 and is based in Huron, Ohio.

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Buyer(S) 1

Buyer

Texthelp

Antrim, United Kingdom

Category Company
Sector Software
Employees350
DESCRIPTION

Texthelp is a global provider of literacy and numeracy assistive technologies to the education and corporate sectors. The company has an established and loyal customer base across the Americas, Europe, Middle East, and Australasia. It has supported 30 million students and employees with reading, writing, and numeracy as well as productivity challenges, including those with dyslexia or working in a second language. Texthelp is based in Antrim, United Kingdom.


DEAL STATS #
Overall 3 of 3
Sector (Internet Software and Services) 2 of 2
Type (Merger) 1 of 1
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-24 Oribi

Lund, Sweden

Oribi is an assistive technology company that serves literacy and accessibility technology customers. Oribi is based in Lund, Sweden.

Buy -

Seller(S) 1

SELLER

Five Arrows

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
PE ASSETS 24.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Five Arrows Principal Investments is a mid-cap investor in Western European companies. Five Arrows can invest across the capital structure (equity, equity-linked, mezzanine, convertible debt) and generally focused on primary or secondary buyouts, growth financings, and balance sheet restructurings. The Group does not have any sector preferences, but typically looks for businesses with high barriers to entry and predictable earnings. Five Arrows can commit €30 to €400 million per investment. Five Arrows is a unit of Rothschild Bank. The Group has offices in Paris, Luxembourg, and London.


DEAL STATS #
Overall 25 of 27
Sector (Internet Software and Services) 2 of 3
Type (Merger) 3 of 3
State (Ohio) 1 of 1
Country (United States) 2 of 3
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-19 Agilio Software

Sheffield, United Kingdom

Agilio Software is a provider of saas based compliance and hr services into the dental market via its two main product lines, icomply and total hr. These are essential clinical services for dental practices to ensure regulatory and cqc compliance, free up practice managers time and drive operational excellence, in a market underpinned by complex and changing clinical regulation. Agilio Software is based in Sheffield, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-09 RIMES

New York, New York, United States

RIMES is a provider of managed data services and regulatory solutions for the buy side. RIMES is a pioneer provider of cloud-based technology that delivers highly customized financial data over the Internet. RIMES was founded in 1996 and is based in New York City.

Buy -