Simpson Thacher represented Renaissance Learning, Inc. (“RLI”), a portfolio company of Hellman & Friedman LLC, in connection with the acquisition of myON Holdings, LLC
Renaissance®, a leader in pre-K–12 learning analytics, today announced the acquisition of myON®, a leading provider of digital literacy solutions, from Francisco Partners.
myON’s expansive digital content library and literacy tools, paired with Renaissance’s complementary reading practice and assessment offerings, enables Renaissance to deliver a comprehensive, innovative suite of reading solutions to educators and students worldwide. myON provides students with unlimited, simultaneous access to a personalized library of more than 13,000 digital books at home or in the classroom. myON also provides daily news articles written for students with myON News™, including French and Spanish content.
Together, Renaissance and myON serve more than 20 million students worldwide. In addition to the organizations’ alignment on providing students with unlimited access to texts, Renaissance and myON are focused on providing districts with real-time data to measure students’ reading achievement and growth. myON and Renaissance will initially roll out solution packages that include Accelerated Reader and myON, while continuing to offer products on a standalone basis.
myON was previously a division of Capstone, a publisher of children’s books and digital reading products and services. Capstone has also worked with Renaissance as a content publisher for Accelerated Reader. The myON platform will continue to provide over 6,000 quality titles from Capstone.
Bob Coughlan, principal and co-owner of Capstone shares in the excitement of the news, saying, “Capstone is proud to be an integral partner for myON and Renaissance. We are excited to see these two great, complementary organizations come together. We look forward to seeing how together we will impact literacy for children worldwide.”
As part of the organizations’ integration, Renaissance welcomes Todd Brekhus to its executive leadership team. Todd will report to Daniel Hamburger as the president of myON at Renaissance and will be focused on product development and the integration of the two organizations.
The Simpson Thacher team included Chad Skinner (Picture), Alexis Orenstein, Mark Underwood and Jay Higdon (M&A); Brian Steinhardt and Shana Ramirez (Credit); David Rubinsky, Eric Wolf and Pasco Struhs (Executive Compensation and Employee Benefits); Marcela Robledo and Larry Huang (Intellectual Property); Katharine Moir and Jacqueline Clinton (Tax); and Peter Thomas, Kelly Karapetyan, John Goheen and Bill Kearney (Antitrust).
Involved fees earner: Chad Skinner – Simpson Thacher & Bartlett; Alexis Orenstein – Simpson Thacher & Bartlett; Mark Underwood – Simpson Thacher & Bartlett; Jay Higdon – Simpson Thacher & Bartlett; Brian Steinhardt – Simpson Thacher & Bartlett; Shana Ramirez – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Eric Wolf – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett; Lawrence Huang – Simpson Thacher & Bartlett; Katharine Moir – Simpson Thacher & Bartlett; Jacqueline Clinton – Simpson Thacher & Bartlett; Peter Thomas – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett; John Goheen – Simpson Thacher & Bartlett; William Kearney – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;
Clients: Renaissance Learning, Inc.;