” We are extremely proud of Discovery Educations incredible development since its spin-off from Discovery Inc.,” said Jason Brein, Partner at Francisco Partners. “We are grateful for the opportunity to deal with the Discovery Education team to support students and educators around the world, and we eagerly anticipate partnering with Clearlake during the next phase of development.”

SANTA MONICA, CA and CHARLOTTE, NC– March 9, 2022– Discovery Education, Inc., (” Discovery Education” or the “Company”), a worldwide edtech company whose digital knowing software application platform improves and supports educators student accomplishment, today revealed it has actually entered into a definitive arrangement to be gotten by an affiliate of Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”). Scott Kinney, CEO of Discovery Education, will continue to lead the Company supported by the existing management team.

Discovery Education is the worldwide edtech leader whose advanced digital platform supports discovering any place it takes place. Through its award-winning multimedia content, educational supports, and ingenious class tools, Discovery Education helps teachers provide equitable discovering experiences engaging all trainees and supporting higher scholastic achievement on a global scale. Discovery Education serves around 4.5 million educators and 45 million trainees worldwide, and its resources are accessed in almost 100 nations and areas. Motivated by the worldwide media company Discovery, Inc., Discovery Education partners with districts, states, and relied on companies to empower instructors with leading edtech services that support the success of all learners. Check out the future of education at www.discoveryeducation.com.

About Clearlake.

” We have actually long appreciated Discovery Education as an ingenious company of top quality digital curriculum to educators and trainees around the globe,” stated Behdad Eghbali, Co-Founder and Managing Partner, and James Pade, Partner and Managing Director, of Clearlake. “We are excited to partner with Scott, the Discovery Education management group, and Francisco Partners to execute on a platform strategy committed to enhancing and supporting educators student accomplishment. We look forward to utilizing our exclusive O.P.S. ® worth development framework to assist the Company attain further success through both organic growth and strategic acquisitions.”

Discovery Education offers K-12 digital curriculum to teachers and trainees worldwide, driving trainee engagement across a variety of topics through interactive content, video resources, and mentor tools that provide real-world learning experiences. The Companys incorporated knowing platform empowers instructors by providing simple lesson development, ready-to-use formative evaluations, and personalized, data-driven suggestions from a library of academic resources. Discovery Education serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in approximately 100 countries and areas.

” Discovery Education looks for to empower educators and motivate students worldwide through digital content provided by our award-winning platform. Francisco Partners has been a terrific partner in our pursuit of this vision, and I am grateful for their support,” said Scott Kinney, CEO of Discovery Education. “We look forward to Clearlakes investment speeding up Discovery Educations efforts to acquire similar companies that complement our portfolio. In addition, this brand-new partnership will boost our efforts to deepen platform circulation, make more of educators training time, and win customers. Our company believe Discovery Education has a bright future as part of the Clearlake family of companies.”

About Discovery Education.

The deal is expected to close in the second quarter of 2022, pending customary regulatory approvals and closing conditions. Blackstone Credit offered dedicated debt financing for the transaction.

Clearlake Capital Group, L.P. is a financial investment company founded in 2006 operating integrated businesses throughout personal equity, credit, and other related methods. Clearlake currently has over $60 billion of properties under management and its senior financial investment principals have led or co-led over 300 financial investments.

About Francisco Partners

eSchool Media staff cover education technology in all its aspects– from legislation and litigation, to best practices, to lessons found out and brand-new products. Released in March of 1998 as a month-to-month print and digital paper, eSchool Media provides the news and info required to help K-20 decision-makers effectively utilize technology and development to change colleges and schools and accomplish their academic goals.

SANTA MONICA, CA and CHARLOTTE, NC– March 9, 2022– Discovery Education, Inc., (” Discovery Education” or the “Company”), an international edtech company whose digital learning software platform improves and supports educators trainee achievement, today revealed it has gotten in into a conclusive agreement to be acquired by an affiliate of Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”). “We look forward to Clearlakes financial investment accelerating Discovery Educations efforts to obtain like-minded companies that match our portfolio. We believe Discovery Education has a brilliant future as part of the Clearlake family of business.”

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” We have actually long appreciated Discovery Education as an innovative service provider of top quality digital curriculum to educators and students around the world,” said Behdad Eghbali, Co-Founder and Managing Partner, and James Pade, Partner and Managing Director, of Clearlake. Motivated by the international media business Discovery, Inc., Discovery Education partners with districts, states, and trusted organizations to empower teachers with leading edtech solutions that support the success of all learners.

Francisco Partners is a leading global financial investment company that concentrates on partnering with technology and technology-enabled organizations. Because its launch over 20 years back, Francisco Partners has bought over 400 innovation companies, making it among the most active and longstanding financiers in the innovation market. With more than $30 billion in assets under management, the firm buys opportunities where its deep sectoral understanding and operational competence can help business recognize their full capacity. To learn more on Francisco Partners, please see www.franciscopartners.com.