Guardian Capital Partners Exits Portfolio Company, Carson Dellosa Education, to IXL Learning
12 Agosto 2024 - 1:00PM
Business Wire
Guardian Capital Partners (“Guardian”) is pleased to announce
the sale of its portfolio company, Carson Dellosa Education
(“Carson”), to IXL Learning (“IXL”), a leading subscription-based
learning site for K–12. This partnership represents a significant
step forward in Carson’s ongoing commitment to providing educators
and families with the resources they need to help students reach
their full potential.
Headquartered in Greensboro, NC, Carson is a leading provider of
K-8 supplemental education content for parents, teachers, and
students with an established portfolio of leading brands including
Carson Dellosa Education®, Spectrum®, Summer Bridge®, Brighter
Child®, and Rourke Educational Media - available at more than
10,000 retail locations. With 35+ years of experience in the
consumer educational products market, Carson’s portfolio of digital
and print workbooks, test-prep, hands-on learning materials, and
classroom décor and resources allow parents and teachers to solve
critical needs for K-8 students across the globe.
"We are delighted to partner with IXL Learning," said Kelly
Stone Geer, CEO of Carson Dellosa Education. "IXL's commitment to
personalized learning aligns perfectly with our mission of
providing effective, engaging educational materials for all
children. Together, we will be able to offer a broader range of
resources that meet the individual needs of every student."
Scott Evans, Founding Partner at Guardian said, “IXL's
innovative digital platform, combined with Carson's trusted
educational resources, will provide a powerful solution for
educators and parents alike. I am proud of the performance of the
management team and look forward to seeing Carson’s future success
under new ownership.”
The law firm Goodwin Procter LLP advised Guardian and Carson.
Evercore served as financial advisor to IXL Learning in the
transaction and Latham & Watkins LLP served as legal
counsel.
About Guardian Capital Partners
Guardian Capital Partners (“Guardian”) is an operationally
focused private equity firm based in suburban Philadelphia.
Guardian makes control investments in lower middle market consumer,
niche manufacturing, and specialty business services companies.
Guardian partners with management teams to provide equity capital
to fuel the growth of privately held businesses. Guardian believes
the private equity experience and complementary skill sets of the
Guardian team provide a unique combination of operating and finance
capabilities resulting in certainty of execution and meaningful
long-term value creation for its portfolio companies. For more
information about Guardian Capital Partners, visit
www.guardiancp.com.
About IXL Learning
IXL Learning has revolutionized educational technology since its
founding in 1998. Today, the company leads the world of education
through innovation and provides a diverse set of products and
services that help learners develop skills in math, literacy,
language, and more. IXL Learning's brands include IXL, Rosetta
Stone, Dictionary.com, Thesaurus.com, SpanishDictionary.com,
ingles.com, FrenchDictionary.com, Emmersion, Wyzant,
Vocabulary.com, TPT, ABCya, Education.com, and Carson Dellosa
Education. The company's mission is to create breakthrough
solutions to education's most pressing challenges and inspire
students to become life-long learners. Discover how IXL Learning's
products are shaping the future of education by visiting
https://www.ixl.com.
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Scott Evans Guardian Capital Partners sevans@guardiancp.com