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US: Riverside backs education resources provider

Private equity firm The Riverside Company has invested an undisclosed sum in Ohio-based resource developer n2y.

Madison Capital and New Canaan provided funding for the deal.

Founded in 1997, n2y is a developer of education curricula and teaching materials for K12 students with special needs.

It offers its products to teachers and schools administrators via a cloud-based subscription platform.

Founded in 1988, Riverside has invested in 55 education and training companies to date.
 
Jacquie Clark, founder & chief executive of n2y, said: “I have always led n2y with a… knowledge that we could truly make a difference within the special education community. We have accomplished that goal, and I am now certain that The Riverside Company will continue that upward arch.”

DeSilva+Phillips and Western Reserve Partners advised n2y’s founders during the deal, and Jones Day was Riverside’s legal adviser. 


Posted on: 21/07/2016




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