Chief economist, alumnus talk the sale of Renaissance Learning
WAOW Channel 9 Wausau

By Robert Imrie and Dalton Rinehart

Renaissance Learning, an education analysis company, announced Wednesday it has reached agreement to sell the company to a private investment firm for $1.1 billion.

The deal comes just weeks after Google Capital, the search giant's investment fund, invested $40 million in the company. It was characterized as Google's first venture into education.

The sale from Permira, a private equity firm, to Hellman & Friedman, a private equity investment firm founded in 1984 with offices in San Francisco, New York and London, is expected to be finalized within three months, the companies said in a statement.


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