Blackstone, CPPIB to buy Ascend Learning from Providence, OTPP

Blackstone Group and Canada Pension Plan Investment Board have agreed to acquire Ascend Learning LLC, a Burlington, Massachusetts-based provider of educational content, software and analytics solutions. No financial terms were disclosed; however, Reuters earlier reported the deal is valued at more than $2 billion, including debt. The sellers are Providence Equity Partners and Ontario Teachers’ Pension Plan.

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