The Vistria Group’s Investment in Edmentum

Dechert LLP acted as legal advisor to Edmentum, while Winston & Strawn LLP provided legal counsel to The Vistria Group in the transaction.

Edmentum announced a strategic growth investment from The Vistria Group, a private investment firm focused on companies in the healthcare, education, and financial services sectors. Under the terms of the investment, The Vistria Group will become the majority stakeholder in Edmentum. New Mountain Finance Corporation and funds managed by BlackRock will retain ownership positions.

Edmentum is a global leader in education and innovative solutions for teaching and learning, making it easier for educators to individualize learning for every student through simple technology, high-quality content, and actionable data. Vistria’s strategic investment strengthens Edmentum’s position as a global leader in comprehensive K-Adult digital curriculum and assessments for learning and accelerates Edmentum’s opportunities for continued growth.

The Dechert team advising Edmentum included corporate partners Scott Zimmerman (Picture) and Nazim Zilkha, and associates Shannon Footer, Cynthia Liang and Mihai Morar; employee benefits partner David Jones; antitrust counsel Jill Ross and Beverly Ang; and labor counsel Ian Downes.

Winston & Strawn represented The Vistria Group with a team led by partner Peter W. Clarke, partner Timothy D. Kincaid, and associate Theresa M. Barton.

Involved fees earner: Beverly Ang – Dechert; Ian Downes – Dechert; Shannon Footer – Dechert; David Jones – Dechert; Cynthia Liang – Dechert; Mihai Morar – Dechert; Jill Ross – Dechert; Nazim Zilkha – Dechert; Scott Zimmerman – Dechert; Theresa Barton – Winston & Strawn; Peter Clarke – Winston & Strawn; Timothy Kincaid – Winston & Strawn;

Law Firms: Dechert; Winston & Strawn;

Clients: Edmentum; Vistria Group, LLC;

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Author: Ambrogio Visconti