CPPIB and Blackstone to Acquire Ascend Learning

Canada Pension Plan Investment Board (CPPIB) and funds managed by The Blackstone Group inked a deal to acquire Burlington, Massachusetts-based Ascend Learning, LLC, a provider of educational content, software and analytics solutions. The sellers are private equity funds advised by Providence Equity Partners LLC and Ontario Teachers’ Pension Plan (OTPP). Providence Equity Partners had a bigger stake in Ascend Learning than OTPP. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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