Private investment firm TPG Capital is to acquire UK headquartered teachers’ network TSL Education from Charterhouse Capital Partners. The terms of the deal were not disclosed. The transaction is expected to close in the third quarter of 2013.
Karl Peterson, Managing Partner for TPG Capital LLP, said, “TSL is well known for its longstanding and vital role in the UK education sector. Over the past several years Louise and her team have done an outstanding job in transitioning the business to become the leading site for teachers both online and in print while gaining a sizeable and growing audience across the globe. TPG’s global presence and extensive online experience fit well with the Company’s ambitions and we anticipate accelerating growth through further investments in TSL’s digital capabilities.”
TSL’s flagship platform is TES Connect. It provides 620,000 teaching resources and connects a community of 52 million teachers and students across the globe.
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