Jefferies LLC also acted as a financial advisor, with Kirkland & Ellis LLP serving as legal advisor on the transaction. SVB Securities acted as lead financial advisor to Discovery Education. The transaction is expected to close in the second quarter of 2022, pending customary regulatory approvals and closing conditions. "We are grateful for the opportunity to work with the Discovery Education team to support students and educators around the globe, and we look forward to partnering with Clearlake during the next phase of growth." "We are very proud of Discovery Education's tremendous progress since its spin-off from Discovery Inc.," said Jason Brein, Partner at Francisco Partners. ®value creation framework to help the Company achieve further success through both organic growth and strategic acquisitions." We look forward to using our proprietary O.P.S. "We are excited to partner with Scott, the Discovery Education leadership team, and Francisco Partners to execute on a platform strategy dedicated to supporting educators and improving student achievement. "We have long admired Discovery Education as an innovative provider of high-quality digital curriculum to educators and students around the world," said Behdad Eghbali, Co-Founder and Managing Partner, and James Pade, Partner and Managing Director, of Clearlake. We believe Discovery Education has a bright future as part of the Clearlake family of companies." In addition, this new collaboration will enhance our efforts to deepen platform distribution, earn more of educators' instructional time, and win customers. "We look forward to Clearlake's investment accelerating Discovery Education's efforts to acquire like-minded companies that complement our portfolio. Francisco Partners has been a great partner in our pursuit of this vision, and I am grateful for their support," said Scott Kinney, CEO of Discovery Education. "Discovery Education seeks to empower educators and inspire students worldwide through digital content delivered by our award-winning platform. Discovery Education serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in approximately 100 countries and territories. The Company's integrated learning platform empowers teachers by offering easy lesson creation, ready-to-use formative assessments, and personalized, data-driven recommendations from a library of educational resources. Although the majority of elements from the CCCs and SEPs are addressed, there are missed opportunities for the materials to incorporate elements from seven SEPs and two CCCs.Discovery Education provides K-12 digital curriculum to educators and students around the world, driving student engagement across a variety of subjects via interactive content, video resources, and teaching tools that deliver real-world learning experiences. In terms of the scope, all grade-band DCIs, NOS, and ENG are incorporated with few DCI elements missing. They present a coherent structure and sequence of units, but an increased sophistication of tasks and explicit connections of dimensions from unit to unit are missed opportunities.
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Gateway 2: Coherence & Scope Criterion 1: Coherence and Full Scope of the Three Dimensions, the materials partially meet expectations.
The materials have some missed opportunities to elicit prior knowledge and experiences and to drive learning in more lessons via phenomena and problems however, anchor phenomena are embedded to drive student sensemaking across multiple lessons. Criterion 2: Phenomena and Problems Drive Learning meets expectations. Gateway 1: Designed for NGSS Criterion 1: Three-Dimensional Learning partially meets expectations: the materials are designed to provide three-dimensional learning opportunities, but not all unit objectives are addressed by the summative assessments. The instructional materials reviewed for Grades 6-8 partially meet expectations for Alignment to NGSS, Gateways 1 and 2.
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