Start Date | 2008-00-00 |
Percent Stake | 47% |
Notes | Providence Equity Partners, a well-known investor in the education industry, owns about 47 percent of Archipelago Learning shares and has entered into a voting agreement in support of the deal. The private equity firm bought Archipelago in 2007 along with the company's founders and management, and then took the company public in 2009. Providence also acquired education software company Blackboard for $1.64 billion in 2011. |