Travers Smith LLP has advised the management team of Tes Global ("Tes") on the sale of Tes, a leading education technology services provider, from Providence Equity Partners L.L.C. to Onex Partners V.
Based in London, England, Tes is an international provider of comprehensive software solutions for the education sector. Its core vision is to power schools and enable great teaching worldwide by creating intelligent online products and services to make the greatest difference in education.
"Onex has a wealth of experience and an impressive track record of helping the companies it partners with to grow and thrive. We’re delighted to have found another team whose values are aligned with our vision for the Company and are committed to our future" stated Rod Williams, Chief Executive Officer of Tes.
The transaction is anticipated to close in the first quarter of 2022.
The Travers Smith team was led by Private Equity & Financial Sponsors Partner Tom Hartwright supported by associates Eric Van Winssen and Caragh Jenkins. Specialist tax advice was provided by Tax Partner Hannah Manning, supported by Associate Lewis Currie.
Providence Equity Partners L.L.C. were advised by Weil, Gotshal & Manges LLP whilst Onex Partners V were advised by Latham & Watkins LLP.