Thoma Bravo’s Acquisition of Frontline Education Creates Edtech’s Newest Unicorn | Tony Wan

Frontline Education is swapping one private equity owner for a bigger one. Today the Malvern, Penn.-based education company announced it will be acquired by Thoma Bravo, a major private equity firm with offices in San Francisco and Chicago. Terms of the deal were not disclosed, but Frontline CEO Tim Clifford tells EdSurge in an interview that “the company is valued in the unicorn range, well north of a billion dollars.”
Clifford says the company hired an investment bank last spring to help them sort through interest and solicitation from “a good deal of parties.” Thoma Bravo, which raised…

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