Deal Details

n2y Is Acquired by Five Arrows

Technology & Services

n2y, a portfolio company of Providence, sale to Five Arrows

Summary

n2y LLC (“n2y” or the “Company”), a portfolio company of Providence Equity Partners (“Providence”) has been acquired by Five Arrows Long Term Fund (“FALT”), which has invested alongside Five Arrows Principal Investments (“FAPI”), together “Five Arrows." The transaction is subject to various regulatory approvals and customary closing conditions. The terms of the transaction have not been disclosed.

Baird served as the exclusive financial advisor to n2y.

About

Founded 25 years ago, n2y is a trailblazer in special education and leads the market with its award‑winning, research‑driven digital solutions and materials for school districts to help improve student outcomes. Sitting at the center of the special education classroom, n2y’s SaaS platform of integrated solutions has advanced the educational growth and inclusion of millions of students from pre‑K to 12+. In 2022, there were 7.2 million special education students in the United States, representing 15% of all K‑12 students. Districts and schools rely upon n2y to ensure these students are well served and to maintain compliance with the Individuals with Disabilities Education Act (IDEA) by implementing their IEP development, academic, communication and behavioral wellness solutions.

Providence Equity Partners is a specialist private equity investment firm focused on growth‑oriented media, communications, education and technology companies across North America and Europe. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. Since its founding in 1989, Providence has invested over $35 billion across more than 170 private equity portfolio companies. Providence is headquartered in Providence, Rhode Island and also has offices in New York, London, Boston and Atlanta.

Five Arrows is the alternative assets arm of Rothschild & Co and has €23 billion AuM with offices in Paris, London, New York, Los Angeles, San Francisco and Luxembourg. With over €9 billion of assets under management, the corporate private equity business of Five Arrows is focused on investing in companies with highly defensible market positions; strong management teams; business models with high visibility of organic unit volume growth and strong unit economics; and multiple operational levers that can be used to unlock latent value. Sectors are limited to data and software, technology‑enabled business services and healthcare. Five Arrows in headquartered in London, the United Kingdom and New York, New York.

Technology & Services

n2y, a portfolio company of Providence, sale to Five Arrows