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."
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."
Head of Macquarie Capital Private Credit, Europe