Francisco Partners To Buy Majority Stake Of Discovery Education For $120 Million

On February 26, 2018, Francisco Partners announced it had agreed to acquire a controlling stake in Discovery Education, Inc., which provides digital content and professional development for K-12 classrooms around the world. Francisco Partners will pay Discovery Communications, Inc. cash consideration of $120 million. Discovery will retain a minority equity interest and license the “Discovery Education” brand to the business. The transaction is subject to customary closing conditions and is expected to occur in the first half of 2018. Francisco Partners is a private equity firm that specializes in investments in technology and technology-enabled services businesses.

Discovery Education . . .