Thoma Bravo to Sell Excelligence Learning to Sterling -- CORRECTED

Sterling Investment Partners has agreed to buy Excelligence Learning Corp. from Thoma Bravo. Financial terms were not announced. Monterey, Calif.-based Excelligence develops, distributes and makes educational products and supplies for child care programs, preschools, elementary schools, and consumers. CORRECTION: Thoma Bravo acquired Excelligence in 2006 and will realize an IRR of 2.5x, ROI of 2.5x and an IRR of 22%, a spokesman says. William Blair & Co. advised Excelligence.

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