TSL Education Announces Acquisition By TPG
LONDON, July 8, 2013 /PRNewswire/ --
TSL Education, the global digital education business is pleased to announce that it has entered into a definitive agreement to be acquired by TPG Capital LLP from Charterhouse Capital Partners for an undisclosed sum. The transaction is expected to close in the third quarter of 2013. The investment by TPG will enable the company to grow its considerable presence in the education sector and accelerate its online and off-line growth plans.
Louise Rogers CEO of TSL Education, said, "We are extremely excited to enter the next phase of our growth strategy with TPG and I am very proud of the whole team at TSL who have helped to transform our company into a Global Digital Education Business. TPG shares our vision to help drive up standards of education by putting TSL platforms into the hands of every teacher in the world. We are fortunate to have found a global partner who has extensive experience in digital and an impressive track record of growing similar businesses."
Karl Peterson, Managing Partner for TPG Capital LLP, said, "TSL is well known for its longstanding and vital role in the UK education sector. Over the past several years Louise and her team have done an outstanding job in transitioning the business to become the leading site for teachers both online and in print while gaining a sizeable and growing audience across the globe. TPG's global presence and extensive online experience fit well with the Company's ambitions and we anticipate accelerating growth through further investments in TSL's digital capabilities."TSL's flagship platform TES Connect http://www.tesconnect.com is home to more than 620,000 teaching resources and connects a community of 52 million teachers and students across the globe. TES Connect is now the largest single-professional network in the world and up to 8 lesson plans are downloaded every second by teachers in 197 countries. About TSL Education
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