CBPE is delighted to announce that Fund IX has fully realised its investment in The Key Group, a market leading education software provider, to Permira.
CBPE is pleased to announce it has realised its investment in The Key Group, a market leading education software provider, to Permira.
CBPE partnered with the management team in a primary buyout in December 2020, helping to fund the strategic investment into Arbor.
Through their partnership with CBPE, The Key Group has added new service offerings for schools, broadening its product suite and creating market-leading AI capabilities. Over 20,000 schools now use the Group’s products.
CBPE has been a fantastic partner to The Key Group and to us as a leadership team over the last five years. They have focused on helping us deliver our long-term strategic vision, ultimately enabling us to significantly scale the positive impact we can have on schools.
It has been wonderful to work with Chris, James and the rest of The Key Group team over the last five years. Through their efforts, the business has been transformed during that period. Their drive to improve outcomes for the school sector is inspiring and we wish them every success on the next stage of their journey.
Terms of the transaction were not disclosed.
CBPE’s investment in The Key was led by Jason Khaksar and Harry Hewlett, with support from Daniel Rossell.
The transaction was supported by Houlihan Lokey (M&A), Mayer Brown (Legals), PwC (FDD, Data and Tax), L.E.K. Consulting (CDD) and Crosslake (Technology).
