Renaissance Completes Acquisition of GL Education, Positioning Renaissance as a Global Education Leader
BLOOMINGTON, MINN. (PRWEB) — Renaissance, a chief in pre-Ok–12 training know-how, accomplished the acquisition of GL Education, a supplier of formative assessments for colleges and college teams within the United Kingdom, Ireland, and over 100 international locations worldwide. The acquisition accomplished as deliberate on March 31, 2023.
The acquisition of GL Education helps Renaissance’s mission to speed up college students’ development and studying on a global scale by way of a suite of built-in options. Together with GL Education, Renaissance can attain and impression extra college students and lecturers, delivering customized instructing options that ship differentiated insights.
“GL Education’s formative assessments, paired with Renaissance’s interconnected solutions, further empower our educators and help leaders leverage data to make meaningful change based on each individual students’ needs,” mentioned Chris Bauleke, Chief Executive Officer at Renaissance. “We look forward to joining GL Education in driving growth for our students both in the US and abroad.”
“GL Education’s mission has always been to enable every child to realize their full potential,” mentioned Greg Watson, Chief Executive at GL Education. “Together with Renaissance, our high-quality formative assessments will support school leaders all over the world in developing and tailoring an educational experience that is as unique as their students are. We are thrilled to see what’s in store for the future.”
The monetary phrases of the acquisition weren’t disclosed. RBC Capital Markets, LLC, served as monetary advisor to Renaissance and monetary sponsors, Francisco Partners and Blackstone, in the course of the transaction, whereas Baird suggested GL Education, backed by Levine Leichtman Capital Partners (LLCP).
To be taught extra about Renaissance, please go to http://www.renaissance.com.
About Renaissance
As a chief in training know-how, Renaissance is dedicated to offering educators with insights and assets to speed up development and assist all college students construct a robust basis for achievement. For extra data, go to http://www.renaissance.com.
About GL Education
GL Education is a main supplier of formative assessments to varsities and college teams within the UK and in over 100 international locations worldwide. It gives assessments that assist to disclose college students’ potential, observe their progress, and determine any limitations to studying they could have. For extra data, go to http://www.gl-education.com.
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