When Google Capital decided to invest $40m in US educational assessment company Renaissance Learning in February of this year, it perhaps did not consider a chunk of that investment would be realised about a month later. At the time of the investment the business was valued at $1bn and just a month later the business saw its value hit the $1.1bn mark when it was acquired by private equity firm Hellman & Friedman.
Google Capital-backed K12 assessment and learning analytics company Renaissance Learning has been acquired once again by a private equity firm via a secondary buy-out. Private equity firm Hellman & Friedman has acquired the business from Permira and other investors for $1.1bn. Permira acquired it for $455m in 2011. Google invested $40m in February of this year.
The latest deal marks one of the largest acquisitions in the education technology analytics sector. Google Capital is expected to remain as an investor…
