Blackstone and Canada Pension Plan Investment Board to Acquire Ascend Learning
04.14.17
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The Firm is representing Blackstone and Canada Pension Plan Investment Board in connection with their announced acquisition of Ascend Learning, LLC (“Ascend Learning”) from private equity funds advised by Providence Equity Partners and Ontario Teachers' Pension Plan. The transaction is expected to close following customary closing conditions and regulatory approvals. Financial terms of the transaction were not disclosed.
Ascend Learning is a leading provider of educational content and software tools for students, educational institutions and employers.
The Simpson Thacher team includes Anthony Vernace, Leah Baucom, Michael Chao and Willimina Bromer (M&A); Alden Millard and Rustin Brown (Credit); Ed Tolley and Jon Ozner (Capital Markets); Jonathan Karen, Steven Klar and Elliot Im (Funds); Greg Grogan, Alisa Tschorke and Michael Cook (ECEB); Gary Mandel and Michael Badain (Tax); Noreen Lavan and Timothy Mulvihill (Environmental); and Lori Lesser, Genevieve Dorment and JaeWon Lee (IP).