Majority Recapitalization with Summit Partners LLP

Technology & Services
Majority Recapitalization with Summit Partners LLP

Summary

Baird served as exclusive financial advisor to Teaching Strategies, LLC on this transaction

About

Teaching Strategies, LLC (“Teaching Strategies” or the “Company”), a portfolio company of L Squared Capital Partners LLC (“L Squared”), has completed a majority recapitalization with Summit Partners LLP (“Summit Partners”). Terms of the transaction were not disclosed.

Teaching Strategies is a leading provider of early childhood educational resources. The Company offers the industry’s widest selection of research-based, developmentally appropriate instruction and assessment products to the growing early childhood market. Teaching Strategies serves over 20,000 early childhood educators globally. The Company is based in Bethesda, Maryland.

L Squared is an investment firm that seeks to make long-term investments in leading growth companies that operate in targeted sectors: Tech-Enabled Services & Software, Industrial Technology & Services, and Education Technology. L Squared’s unique investor base of family offices allows the firm to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing. L Squared is based in Newport Beach, California.

Founded in 1984, Summit Partners is a global alternative investment firm that is currently managing more than $14 billion in capital dedicated to growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the economy and has invested in more than 475 companies in technology, healthcare and other growth industries. These companies have completed more than 140 public equity offerings, and more than 190 have been acquired through strategic mergers and sales. Summit maintains offices in North America and Europe, and invests in companies around the world.
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Technology & Services
Majority Recapitalization with Summit Partners LLP
Date
May 2018
Company
Teaching Strategies, LLC
Transaction
M&A
Sectors
Technology & Services
Target Geography
North America
Acquiror Geography
North America

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