MidOcean Partners, a middle-market private equity firm, has purchased Pragmatic Institute from Renovus Partners.

Pragmatic is a product management training firm that has trained over 200,000 professionals in companies across 40 different countries. The investment is intended to continue the firm’s growth plans across organic initiatives and strategic M&A.

“MidOcean has significant expertise in helping middle-market education businesses scale while driving outstanding returns for our investors, management teams and portfolio company employees,” Elias Dokas, managing director at MidOcean. “Pragmatic has built an impressive platform, and we believe there are numerous growth vectors for the business ahead – client roster expansion and penetration, new course offerings, and further global expansion to name a few.”