Technology
| Sector | Technology |
| Sub-sector | Education |
| Location | United Kingdom |
Over 100 years old, it started out in print and has now established itself as a leading technology-first partner for teachers and school administrators through several strategic acquisitions, including Edval, Educare and SchoolCloud.
Onex Partners’ experience investing in the education services sector and strong track record of supporting its portfolio of operating companies made it an ideal new partner for Tes.
Tes has a well-established brand and deep-rooted relationships with teachers, creating an unparalleled and highly differentiated place in the market. We were attracted to its focus of helping both teachers and school administrators deliver better educational outcomes for students in the UK and around the world."
Nigel Wright
Senior Managing Director, Onex Partners
Our deep understanding of software and education technology enabled our team to quickly provide certainty to Onex in support of its investment. Access to flexible capital from our balance sheet allowed Macquarie to provide the acquisition financing in a fast and efficient manner.
We’re excited to be partnering with Onex in Tes’ next phase of growth. Onex has a wealth of experience in the education technology space and an impressive track record of helping companies to accelerate their growth."
Patrick Ottersbach
Head of Macquarie Capital Private Credit, Europe
Outcome
Tes currently serves over 13 million teachers across 17,000 schools in 117 countries. Together with Onex, it will be able to further its mission to make a difference in education through the provision of intelligent online products and services to more teachers around the world.
Education, EdTech and associated services have long been a core area of expertise and focus for Macquarie Capital, with over $A2.8 billion invested in the space throughout the last decade1.
million teachers
schools
countries
classroom resources and lesson plans
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