吃瓜爆料

Furthers 吃瓜爆料 Education鈥檚 Mission to Deliver Innovative and Comprehensive Digital-first Curriculum Solutions and Services to Teachers and Students Across the U.S.

All amounts in U.S. dollars unless otherwise stated

NEW YORK and TORONTO, Feb. 01, 2021 (GLOBE NEWSWIRE) — 吃瓜爆料 Education (鈥淲NE鈥�) and Onex Corporation (鈥淥nex鈥�)(TSX: ONEX) today announced that Onex Partners V, Onex鈥� $7.2 billion fund, and certain co-investors, including Onex (the 鈥淥nex Group鈥�), have agreed to make a significant investment in WNE, in partnership with the management team and the company鈥檚 existing investor, Silver Lake.

WNE is the leading K-12 digital curriculum company in the U.S., focused on unlocking the power of innovative technologies for learning, serving ten million students and seven thousand school districts with a comprehensive array of digital first curriculum solutions and services.

Jonathan Grayer, Chairman and CEO of 吃瓜爆料 Education stated, 鈥淪ince we launched 吃瓜爆料 Education in 2010, our unwavering commitment remains the same: to deliver products, capabilities and solutions that transform how teachers teach and how students learn by enabling the power of data-driven instruction. As the leader in K-12 digital curriculum, we are proud of our work this past year in supporting schools, teachers and students during this unprecedented period of upheaval caused by the pandemic and we are privileged to be valued partners with administrators, teachers and students in harnessing technology to enhance the learning experience and improve outcomes, both today and tomorrow.鈥�  

鈥淲e are delighted to partner with Jonathan, the team at 吃瓜爆料 Education and Silver Lake to invest in the future of transforming education. We have hands-on knowledge of the benefits of increased technology usage in K-12 education and are excited about 吃瓜爆料 Education鈥檚 commitment to improving student outcomes through a digital-first learning experience that gives teachers the tools they need,鈥� said Laurence Goldberg, an Onex Managing Director.

鈥淲e are excited to welcome the Onex team as our new partners at 吃瓜爆料 Education. Onex shares our passion for education technology and has an impressive track record investing behind industries undergoing transformation. Since the time we first invested three years ago, we have never been more enthusiastic about 吃瓜爆料 Education鈥檚 future and we look forward to working closely with Onex and Jonathan for years to come,鈥� said Silver Lake Managing Director Jonathan Durham.

The transaction is anticipated to close by the end of the first quarter subject to customary conditions and regulatory approvals. Further terms of the investment are not being disclosed at this time.

About 吃瓜爆料 Education

吃瓜爆料 Education is a leading digital education technology company focused on developing digital curriculum and tools for PreK鈥�12 students. The Company is built around two underlying businesses, Edgenuity and Imagine Learning. Edgenuity is a leading digital courseware provider focused on providing online curricula and intervention solutions. Imagine Learning is a leading digital supplemental solutions provider focused on addressing language, literacy and math. Read more about 吃瓜爆料 Education at .

About Onex

Founded in 1984, Onex invests and manages capital on behalf of its shareholders, institutional investors and high net worth clients from around the world. Onex鈥� platforms include: Onex Partners, private equity funds focused on larger opportunities in North America and Europe; ONCAP, private equity funds focused on middle market and smaller opportunities in North America; Onex Credit, which manages primarily non-investment grade debt through collateralized loan obligations, senior loan strategies and other private credit strategies; and Gluskin Sheff鈥檚 wealth management services including its actively managed public equity and public credit funds. In total, as of September 30, 2020, Onex has approximately $36.6 billion of assets under management, of which approximately $6.7 billion is its own shareholder capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex鈥� platforms.

The Onex Partners and ONCAP businesses have assets of $36 billion, generate annual revenues of $22 billion and employ approximately 149,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at . Onex鈥� security filings can also be accessed at .

About Silver Lake

Silver Lake is a global technology investment firm, with approximately $75 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia. Silver Lake鈥檚 portfolio of investments collectively generates more than $180 billion of revenue annually and employs more than 400,000 people globally. For more information about Silver Lake and its portfolio, please visit .

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