Announcing the sale of our US K12 courseware business

Announcing the sale of our US K12 courseware business

Below is the note that I shared today with our Pearson employees about the sale of our US K12 courseware business. I wanted to share it with our wider community, too.

Dear colleagues,

As many of you know, we’ve been looking for a buyer for our US K12 courseware business for some time. It’s usually the first thing that I am asked about in any Global Conversation and whenever we hold a town hall in the US. Thankfully, we now have some news that we can share with all of you.

Over the weekend, we signed an agreement to sell our US K12 courseware business for $250m to Nexus Capital Management, a private equity firm based in Los Angeles, California, with a long history of investing in the education sector. We expect the sale to close at the end of Q1 or early Q2, and you can read the full announcement here.

School publishing in America has been an important part of Pearson for many years, and what it does matters to teachers and students across the country. We're pleased to have found new owners who are committed to its future, and we wish it every success.

The sale frees us up to focus on the digital-first strategy that will drive our future growth. Through our assessment, virtual school, advanced placement and career and technical education programs, we will still serve schools across America, and we will now be better placed to focus on the areas in which we can best help their students to be successful in their studies and future careers.

With that said, I don’t underestimate how challenging and rightly frustrating it has been for our US Learning Services colleagues while we worked through this process. I have been hugely inspired by their professionalism, competitive spirit, and unwavering focus on customers. We can learn a lot from that. Thank you, and thank you for everything that you have done for Pearson over the years.

I also want to thank Bethlam Forsa, who has been appointed as chief executive of the new group and will continue to lead her team. She has already reached out to US Learning Services to talk about next steps and is meeting with them throughout the week.

Best wishes,

John Fallon


Hugo Loyola

Senior Executive Helping Small Business Owners and Serving our Community

5y

It is incredible to have witnessed so many business mergers, acquisitions and sales of business units by Pearson over the years. Great for building scale and market share, and strategic to remain competitive. 

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