Forecast5 Is Acquired By Frontline

Technology & Services

Forecast5, a portfolio company of Riverwood Capital, acquisition by Frontline, a portfolio company of Thoma Bravo


Summary

Forecast5 Analytics (“Forecast5”), a portfolio company of Riverwood Capital Partners (“Riverwood Capital”), has been acquired by Frontline Education (“Frontline”), a portfolio company of Thoma Bravo. Terms of the transaction have not been disclosed.

Baird served as financial advisor to Forecast5 Analytics and Riverwood Capital Partners on this transaction.

About

Forecast5 Analytics is a leading provider of financial forecasting, benchmarking, student performance and geovisual analytics software to the K-12 education sector. With Forecast5 tools, K-12 financial leaders can track current financial performance, benchmark historical performance and develop scenario-based forecasts to predict financial needs. The company's tools also enable district administrators to assess student performance, assess readiness and improve student outcomes. Forecast5's geovisual analytics provide a location-based perspective to help districts address complex challenges. More than 2,000 clients across the country use Forecast5 tools to make more informed decisions and improve student success. Forecast5 Analytics is headquartered in Naperville, Illinois.

Riverwood Capital is a technology-focused growth equity firm with over $3 billion in assets under management. Riverwood offers a unique combination of operational, strategic, technological, and financial insight to portfolio companies that need both growth capital and expertise in order to scale. Riverwood Capital has offices in Menlo Park, CA; New York, New York; and Sao Paulo, Brazil.

Frontline Education is a leading provider of school administration software and services purpose-built for K-12 to support the growth of people and optimize the management of processes. With solutions for human capital management, student management and business operations, Frontline partners with school systems to deliver tools, data and insights for greater efficiency, productivity and performance resulting in more time for initiatives that matter to the education community. Frontline's broad portfolio includes solutions for proactive recruiting and hiring, absence and time, professional growth, student information systems, special education, special programs, Medicaid reimbursement, school health management, payroll, benefits and financial management. Educational organizations representing over 80,000 schools, millions of educators, administrators and support personnel have partnered with Frontline Education in their efforts to develop the next generation of learners. Frontline Education is headquartered in Malvern, Pennsylvania.

Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With more than $73 billion in assets under management as of September 30, 2020, Thoma Bravo partners with management teams to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Thoma Bravo has offices in San Francisco, California and Chicago, Illinois.
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Technology & Services

Forecast5, a portfolio company of Riverwood Capital, acquisition by Frontline, a portfolio company of Thoma Bravo

Date
January 2021
Company
Forecast5 Analytics
Transaction
M&A - Sellside
Sectors
Technology & Services
Verticals
Knowledge Solutions
Software
IT Services, Security & Infrastructure
Marketing, Data & Analytics
Target Geography
North America

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