Ropes & Gray Advises Silver Lake and Weld North in Connection with Investment by Onex in Weld North Education
Ropes & Gray advised Silver Lake and Weld North in connection with an investment by Onex Partners V, Onex’ US $7.2 billion platform fund and Onex Corporation in Weld North Education. The Onex investment was made in partnership with the company’s management team and Silver Lake, the controlling investor in Weld North Education.
Financial terms were not disclosed. The transaction is expected to close by the end of the first quarter of 2021. The transaction was announced on Feb. 1. The press release is here.
Weld North Education is a leading digital education technology company focused on developing digital curriculum and tools for PreK–12 students. Silver Lake is a global technology investment firm, with approximately $75 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia.
The Ropes & Gray team that advised Silver Lake was led by private equity partner Eric Issadore (San Francisco), tax partner Adam Greenwood (New York), employment, executive compensation & benefits Jennifer Rikoski (Boston), mergers & acquisitions partner Regina Sam Penti (Boston).