Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
OTTP and Providence Equity Partners Sell Ascend Learning to Blackstone and CPPIB
- Client News
- April 14, 2017
Paul, Weiss is representing the Ontario Teachers’ Pension Plan (OTTP) in its sale, alongside Providence Equity Partners, of education software company Ascend Learning, LLC. Under the agreement, Ascend will be acquired by funds managed by Blackstone and Canada Pension Plan Investment Board (CPPIB). Financial terms of the transaction, which is expected to close following customary closing conditions and regulatory approvals, were not disclosed.
The Ontario Teachers’ Pension Plan is Canada’s largest single-profession pension plan. Providence Equity Partners is a Rhode Island-based asset management firm. Ascend Learning is a Massachusetts-based provider of educational content, software and analytics solutions.
The Paul, Weiss team included corporate partner Matthew Abbott; and tax partner Scott Sontag.