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.
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.
Head of Macquarie Capital Private Credit, Europe
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.
classroom resources and lesson plans