Dive Summary:
- Digital publisher TSL Education is changing hands from UK-based private equity firm Charterhouse to investment firm TPG for a reported £400 million ($600 million).
- TSL began in print in the early 1990s as News Corp's News International's Times Educational Supplement before spinning off and evolving into the digital space, both as a publisher and owner of TES Connect, a network of teachers with over 52 million users.
- TPG is the company's fourth owner after it was originally purchased from News International in 2005 by Exponent and later purchased by Charterhouse in 2007, and it remains unknown whether Charterhouse sold the company at a gain or loss since it never disclosed the price it paid.
From the article:
... “We are extremely excited to enter the next phase of our growth strategy with TPG,” said Louise Rogers CEO of TSL Education, in a statement. “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.” ...
