K-12 Dealmaking: Vista Higher Learning, Pharos Capital Make Acquisitions; Renaissance Partners With Teaching Channel

Contributing Writer

In this week’s dealmaking news, educational publisher Vista Higher Learning has acquired Spanish language education company SANTILLANA USA.

Vista Higher Learning Acquires SANTILLANA USA: Vista Higher Learning, an educational publisher of world-language products in the United States, has agreed to acquire SANTILLANA USA’s operations from PRISA education subsidiary SANTILLANA, the main educational company of content and services in Latin America and Spain, according to a statement. Financial terms of the deal were not disclosed.

As a result, Vista Higher Learning will distribute SANTILLANA’s portfolio of Spanish language learning projects in the U.S. and Canada.

“SANTILLANA is a perfect partner for us,” said José Blanco, founder and creative director of Vista Higher Learning. “The acquisition of SANTILLANA USA greatly enhances our mission to raise the teaching and learning of world languages to a higher level across the U.S. and Canada.”

With the addition of SANTILLANA USA’s product portfolio, VHL expands its solutions for Spanish-language learning to both private and public preschool learning centers, as well as bilingual literacy programs for primary and secondary schools.

VHL will immediately begin offering educators a variety of learning resources from SANTILLANA USA, including language programs, as well as hundreds of titles in Spanish for children and young adults by authors from the U.S. and across the Spanish-speaking world, the company said in a statement.

Pharos Capital Buys CCME School: Pharos Capital Group, through its Family Treatment Network platform, has acquired the CCMC School, based in New Britain, Conn., according to an announcement on The PE Hub Network. Additional terms of the transaction were not disclosed.

The CCMC School, an affiliate of Connecticut Children’s Medical Center, provides comprehensive special education for students, from ages 5-21, who require intensive intervention due to a range of behavioral, emotional and learning challenges.

The CCMC School, which will be known as Solterra Academy following the end of the summer 2018 session, serves more than 100 children annually.  Pharos established its Family Treatment Network platform to manage its investments in special schools, psychiatric residential treatment centers and community-based programs for children, adolescents and their families, according to the statement.

“The acquisition of the CCMC School greatly enhances our behavioral health portfolio as FTN continues to expand its breadth of services while maintaining our primary focus on clinical quality,” said Jim Phillips, partner at Pharos. “The CCMC School has tremendous potential for further growth.”

FaceMetrics Raises $2 Million: FaceMetrics, a startup that recently launched a parent-focused app that uses artificial intelligence, received a $2 million investment from Larnabel Ventures, a fund that invests in the information technology sector, and VP Capital, a technology-focused investment vehicle, according to an announcement.

FaceMetrics is an app that leverages AI and proprietary computer vision technology to report kids’ activity on smartphones and electronic devices to parents. Through FaceMetrics, parents can limit the time kids spend playing games and exchange that time for reading or study time.

“To get kids prepared to be the leaders of the future we need to make sure they study effectively today,” said Viktor Prokopenya, founder of VP Capital. “We are excited to be investing in FaceMetrics, by leveraging AI in innovative ways the Company has the potential to change children’s attitudes towards reading and learning.”

Renaissance Teams With Teaching Channel: Pre-K-12 learning analytics company Renaissance and Teaching Channel, an online resource for educators, are working together to provide an enhanced learning experience to educators who use Renaissance-U, an online professional development solution, according to a statement.

The companies will roll out the updated Renaissance-U platform in August 2018, in time for the 2018-2019 school year.

 Follow EdWeek Market Brief on Twitter @EdMarketBrief or connect with us on LinkedIn.

Leave a Reply

Your email address will not be published. Required fields are marked *