Francisco To Buy Majority Of Discovery Education

Francisco Partners recently announced it has agreed to buy a majority of Discovery Education from Discovery Communications. Discovery—which is receiving $120 million for the purchase—will retain a minority equity interest and license on the “Discovery Education” brand. It is expected the transaction will finalize during the first half of 2018. Francisco Partners is a leading global private equity firm which specializes in investments in technology and technology-enabled businesses.

Upon completion of the deal, Discovery Education’s current management team will continue to operate the company as a standalone. Statement from Discovery Communications have emphasized its anticipation that . . .