PE-Backed Edline Buys TH(i)NQ Ed

Edline, which is backed by buyout shop Providence Equity Partners, has acquired online education company TH(i)NQ Ed. Both Edline and TH(i)NQ ED develop online products designed for K-12 education. Terms of the deal were not released. MHT Partners served as Edline’s exclusive financial advisor in the transaction.

PRESS RELEASE:
MHT proudly announces the Acquisition of TH(i)NQ Ed, formerly SchoolCenter, by Edline, a portfolio company of Providence Equity Partners. MHT Partners served as Edline’s exclusive financial advisor in this transaction.

TH(i)NQ Ed, a leading provider of K-12 website and communication solutions, serves over 5,000 schools throughout the U.S. With the addition of TH(i)NQ Ed, Edline’s comprehensive Learning Community Management System (LCMS) offerings will now be used by over 20,000 schools and serve a K-12 community of more than 20 million students, parents and teachers.
“This is an exciting transaction for Edline and Th(i)NQ Ed. In combining two of the industry’s technology leaders, customers and users of both companies will benefit in the form of continued product enhancements,” states Tom Burgett, Director, MHT Partners.
Shawn D. Terry, Managing Director, MHT Partners, adds, “MHT’s long-term relationship with Edline has been very rewarding to us considering the improvements made in learning effectiveness, student achievement, and parent/teacher collaboration. Edline truly is a pioneer in the industry, and we’re proud to be part of their team.”
The Th(i)NQ Ed transaction represents MHT’s fifth transaction completed with the company, including the original sale to Providence Equity Partners and four subsequent add-on acquisitions. Rick Noble, CEO of Edline, stated that “MHT was an integral part of our deal team, and we are very happy to have completed another highly strategic transaction with their assistance.”
About Edline (www.edline.com)

Edline is the leading provider of website and communications solutions specifically designed for K-12 education. As an industry leader for over a decade, Edline helps thousands of schools and millions of families succeed through the use of innovative technologies that support learning and enable meaningful online communication and collaboration between teachers, students and families throughout the learning community.

About MHT Partners (www.mhtpartners.com)
Founded in 2001 with offices in Dallas, TX and Boston, MA, MHT Partners is a middle market investment bank focused on high-growth companies across a range of dynamic and rapidly evolving industries including tech-enabled services, information, education and consumer products and services. MHT delivers sophisticated execution capabilities to owners of businesses with enterprise values generally ranging from $30 million to $300 million. We have a passion for serving dynamic growth companies. For over a decade, MHT Partners has been driven by our belief that emerging industry leaders deserve a high level of service and strategic counsel early in their development. Well before Wall Street began to grapple with issues of conflict and risk-management, we determined to deliver unbiased execution expertise and unique strategic insight to help our clients achieve transformational M&A and financing transactions in the middle market. MHT Partners conducts its investment banking activities through MHT Securities, L.P., a member of FINRA/SIPC.