Dechert Advises Edmentum on Strategic Growth Investment by The Vistria Group
December 01, 2020
Dechert advised Edmentum in its 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 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.
About Dechert
Dechert is a leading global law firm with 26 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
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