TES Global to Sell to Providence
December 17, 2018
Cleary Gottlieb is representing TPG in connection with the sale of TES Global Group Ltd. (TES Global) and its subsidiaries to TES Acquisition Ltd., a company owned by Providence Equity Partners LLC (Providence).
The transaction was announced on December 17, 2018. Closing of the transaction is expected to take place on January 31, 2019.
TES supports and connects teachers and schools worldwide, helping them improve children’s lives through education. It hosts a digital community of 11.6 million educators, who create and share teaching resources downloaded up to a million times a day.
Providence is a premier global asset management firm with approximately $30 billion in assets under management across complementary private equity businesses.
For more information, please see TES Global’s press release here.