Business Headlines

DeSilva+Phillips Closes Two Deals in Education & Publishing

July 20, 2016 - DeSilva+Phillips is pleased to announce the completion of two successful transactions in the education and publishing industries.  In the days following our thought-provoking Dealmakers Series conference (Finding Value in Volatility at the Gansevoort Park Avenue), the sales of n2y LLC and INscribe Digital are "a home run for all involved" and "a big win," said Robin Warner (Managing Director, DeSilva+Phillips), who led the deal team for both transactions.

n2y LLC Sold to The Riverside Company
We are also pleased to announce the sale of n2y LLC, a leading developer of education curricula and teaching materials for K-12 students with special needs, to The Riverside Company. Based in Huron, Ohio, n2y offers its products to teachers and school administrators through a cloud-based subscription platform. DeSilva+Phillips acted as co-advisor to n2y's founders along with Managing Director Kevin Mayer and Director Andy Male from Western Reserve Partners LLC.

n2y's core products include Unique Learning System, a standards-based curriculum program designed specifically for students with special needs; news-2-you, a weekly current events newspaper; and SymbolStix, a symbol-based language used in learning materials. The Company's products improve student performance, teacher efficiency, school compliance, and parent satisfaction by providing a highly customizable and easy-to-use solution.

"This was one of the most sought-after companies that DeSilva+Phillips and Western Reserve Partners have had the opportunity to represent. The transaction partnered a high growth, respected ed-tech company that improves the lives of special ed students and teachers, with an expert and leading acquirer of successful education companies. I can't wait to see what these two exceptional groups build in the coming years," said Managing Director Warner.

INscribe Digital Sold to IPG
Last Friday, DeSilva+Phillips also announced that its client INscribe Digital, a leading eBook distributor based in San Francisco, has been acquired by Independent Publishers Group (IPG). DeSilva+Phillips acted as sole financial advisor to the shareholders of INscribe Digital's parent company, Isolation Network, a portfolio company of Shamrock Capital Advisors. 

The acquisition - which includes INscribe Digital's staff, distribution platform, marketplace monitoring tool, and 300+ clients with over 65,000 titles - provides IPG with a state-of-the-art digital distribution platform that will be leveraged to service its entire client base. INscribe Digital clients will have access to the IPG distribution network, including over 100 eBook retailer partners. The acquisition will also open up new print distribution options for INscribe Digital clients.
 
"The book publishing industry is embracing technology and innovation. IPG has adeptly recognized that this represents new opportunities.  INscribe Digital's technology platforms and talented team will help IPG continue to be one of the sector's market leaders," said Managing Director Warner.

With the sale of n2y LLC and INscribe Digital, we anticipate continued activity in the education and publishing sectors.  We would welcome the opportunity to speak with you about your business.  Please contact Robin Warner at robin@desilvaphillips.com.

About DeSilva+Phillips: DeSilva+Phillips is a New York-based M&A advisor to media companies. Since 1995 D+P has advised its clients on more than 275 transactions valued at over $9 billion. For more information about DeSilva & Phillips, visit the company website at desilvaphillips.com.