KKR is acquiring Teaching Strategies, a provider of curriculum, assessment and family engagement tools to the early childhood education market, from Summit Partners for an undisclosed sum.
John Olsen, chief executive of Teaching Strategies, said: “Since our founding, Teaching Strategies has been steadfast in our mission of supporting educators and the children and families they serve through innovative resources and technologies. We are thrilled to have KKR join us on this mission and look forward to leveraging their global expertise to build on that commitment to children, educators and families. We are also incredibly thankful for our partnership with Summit Partners, which has been instrumental in getting us to this point and positioning us for continued success.”
Webster Chua, partner at KKR, added: “The foundation of a strong early childhood education is of critical importance when it comes to helping our children succeed in school and in life. We are excited to be supporting the Teaching Strategies team as they continue to advance the field of early childhood education through research-based, technology-enabled resources that allow educators to be significantly more effective with far more students in delivering a better education.”
KKR stated it will be acquiring Teaching Strategies through its core investments strategy, which represents capital with a longer-term investment horizon. Teaching Strategies is the private equity firm’s latest investment in the ed tech sector and follows investments in Weld North Education, Education Perfect, OverDrive, Burning Glass and MasterD.
Macquarie Capital (USA) is financial advisor and Simpson Thacher & Bartlett is legal advisor to KKR. Deutsche Bank Securities is lead financial advisor to Summit and Teaching Strategies with R.W. Baird & Co acting as an additional financial advisor and Kirkland & Ellis acting as legal advisor.
Date published: 26 July 2021