Advised Providence on its acquisition of Tes, a leading teacher-centric digital recruitment, training and resources marketplace, from TPG
Dec 2018
acquired
(a portfolio company of TPG Capital)
  • Sector: Media & Internet
  • Deal Type: Private Equity Deals
  • Engagement type: Buyside
  • Size: $200-500m
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Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Providence Equity Partners on its acquisition of Tes Global Group Limited from TPG Capital.

Headquartered in the UK, Tes supports and connects teachers and schools worldwide, helping them improve children’s lives through education. Tes hosts a digital community of 11.6m educators, who create and share teaching resources downloaded up to a million times a day. Through its proprietary digital tools and services, Tes helps schools attract candidates to fill vacancies, as well as qualify and train their own teachers

The acquisition of Tes marks another milestone for Providence’s investments in the global education sector. Providence has over 150,000 students across its existing portfolio of education-focused groups that include NACE Schools, Galileo Global Education and Study Group International. Providence will use its network and expertise to accompany Tes on its next phase of growth.

This transaction highlights Arma Partners’ sector expertise in digital media and online marketplaces as well as our continued success advising leading private equity buyers.

-Known throughout UK primary and secondary schools as the publisher of the Times Educational Supplement, Tes Global (founded in 1986) is the world’s leading digital recruitment marketplace for teachers and school leadership

-In addition to helping schools attract the right teachers and leaders, Tes offers teacher training and certification, as well as the largest digital repository of teacher-contributed resources, including curriculum-based courses, lesson plans, and supplemental activities

-Tes, hosts a digital community of 11.6m educators, who create and share teaching resources downloaded up to a million times a day

-Providence is a global asset management firm with approximately $60bn in AUM across complementary private equity and credit businesses

-Founded in 1989, the firm is headquartered in Providence, USA, and has additional offices in New York, Boston and London

-Providence has invested in more than 180 companies and has become a leading equity investment firm focused on the media, communications, education and information industries

-The acquisition of Tes marks another milestone for Providence’s investments in the global education sector. Providence has over 150,000 students across its European portfolio of education-focused groups that includes NACE Schools, Galileo Global Education and Study Group International

-Under Providence’s ownership Tes aims to further build on its already strong credentials as a software services provider, bringing smart digital solutions to schools both in the UK and worldwide

-Arma Partners has built a close relationship with Providence over the past several years and was mandated as Providence’s exclusive financial advisor on this transaction

-Arma Partners advised Providence on deal tactics, provided market intelligence & industry insight and helped Providence in building a relationship with Tes’ management team as well as providing overall deal support

-This transaction highlights Arma Partners’ sector expertise in digital media and online marketplaces as well as our continued success advising leading private equity buyers