Technology

Financing the growth of market-leading special education programs

Macquarie Capital’s financing solutions are helping n2y expand its market-leading special education (SPED) programs, providing more individuals with unique learning needs access to the general education curriculum

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Sector	Technology
Sub-sector	Education
Location	Americas

Opportunity

Founded in 1997, n2y is a software as a service (SaaS) provider of online curriculum, student information management and teaching materials designed to help PreK-12 special education (SPED) students access the general education curriculum.

Increased demand for digital learning tools has resulted in impressive growth for the EdTech provider, allowing students to utilise customised learning tools tailored to their specific needs in the classroom.

Approach

Macquarie Capital initially provided financing for n2y’s majority investment from Providence Equity Partners, a private equity firm focusing on growth-oriented media, communications, education and technology companies.

The investment helped expand n2y’s product portfolio. After seeing financial outperformance, Macquarie was re-engaged to execute a dividend recapitalisation and further support n2y’s growth, allowing it to develop and broaden its offerings through both strategic acquisitions and product development.

Outcome

The recapitalisation will allow for continued development of n2y’s main product offering, a classroom-ready curriculum program used by teachers for students with special needs.

It will also allow for the development of more SPED software solutions as schools increasingly adopt hybrid-learning models aided by technology. The debt transaction will also further support the company’s organic and acquisition growth plans, aiding their mission to provide technology-forward, age-appropriate solutions that enrich the lives of individuals with unique learning needs and those who support them and to be a trusted provider of solutions that empower individuals with unique needs across 60,000+ classrooms across the country.

60,000+

classrooms using n2y products

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Macquarie Capital

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