October 04, 2022

Roper Technologies and Thoma Bravo Conclude the Sale of Frontline Education

F Frontline Education ("Frontline") has been sold to Roper Technologies, Inc. in an all-cash deal valued at about $3.725 billion, according to Thoma Bravo, a renowned software investment firm. Frontline has been a dependable partner to K-12 leaders in all 50 states for many years. It provides solutions for human capital management, student and special programmes, and business operations with powerful analytics to boost productivity and enhance overall performance for K-12 administrators.

Thoma Bravo and Frontline Education received legal and financial advice from Kirkland & Ellis LLP and J.P. Morgan Securities LLC, Jefferies LLC, and Macquarie Capital. Frontline Education also received legal counsel from Cooley LLP.

…we are grateful to Thoma Bravo for their invaluable partnership over the last five years, which has allowed us to further expand the use of our critical solutions by educators across the country…

Speaking to the media, Mark Gruzin, Chief Executive Officer of Frontline Education, said, "We are grateful to Thoma Bravo for their invaluable partnership over the last five years, which has allowed us to further expand the use of our critical solutions by educators across the country."

In line with our mission to provide K–12 schools with the technological capabilities, they need to succeed, we are thrilled to bring enhanced innovation and value to our clients as a part of Roper.

On the other hand, Holden Spaht, a managing partner at Thoma Bravo, said, "We are extremely proud of our partnership with Frontline and what we have been able to achieve together."

"With Mark and the Frontline team, we used our extensive industry knowledge to help drive sustainable long-term growth through strategic acquisitions, revenue growth, product offering expansion, and headcount. With Roper as their partner, we look forward to following Frontline's continued success."

Posted in News and tagged News, Roper Technologies, Thoma Bravo, Frontline Education, J.P. Morgan Securities LLC, Kirkland & Ellis LLP
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