Onex fund signs deal to buy education software firm Tes Global, terms not disclosed
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 07/12/2021 (1749 days ago), so information in it may no longer be current.
TORONTO – Onex Corp. says its Onex Partners V fund has signed a deal to buy education software company Tes Global from Providence Equity Partners LLC.
Financial terms of the deal were not disclosed.
Toronto-based Onex Corp. says Tes has over 13 million teachers on its online platform and serves over 17,000 schools in 117 countries.
Onex senior managing director Nigel Wright says Tes has a well-established brand and deep-rooted relationships with teachers, creating a differentiated place in the market.
The deal is expected to close in the first quarter of next year.
Onex says with the deal that Onex Partners V will be about 78 per cent invested.
This report by The Canadian Press was first published Dec. 7, 2021.
Companies in this story: (TSX:ONEX)