Renaissance, a portfolio company of Blackstone Group and Francisco Partners and an education brand serving more than 40 percent of U.S. schools and over 16 million students worldwide, has acquired GL Education from Levine Leichtman Capital Partners.
Founded in 1980 and based in London, England, GL Education was formed to help educators with a “whole-child” approach to formative assessment. The company delivers 9 million assessments annually to schools and school groups in over 100 countries, providing educators with a measure of their students’ abilities and academic progress.
“Under our ownership, the company executed several value creation initiatives, including international expansion, strong growth of multi-product solutions, enhanced product development and a successful M&A strategy,” says Andrew Schwartz, partner of LLCP. “GL Education is well positioned for continued growth and success as part of Renaissance, and we wish the entire management team and employees all the best in the future.”
Baird and Willkie Farr & Gallagher advised LLCP and GL Education on the transaction.