We are delighted to announce that Polestar has advised the shareholders of Double First Limited, one of the world’s leading international school software providers, on their sale to Australia’s leading edtech company, Education Horizons Group Pty Ltd (EHG).
The acquisition of Double First is a central pillar of EHG’s international growth strategy, supported by Australian tech-focused private equity firm and majority owner, Potentia Capital.
Double First’s international presence expands EHG’s predominantly Australia/NZ operations, creating a global business servicing over 1,900 schools and one million school users in more than 60 countries across the UK, Europe, Asia, the Middle East, Africa, Australia and NZ
“There is a very strong fit across the culture, values, vision and products of Double First and EHG,” Double First CEO Barry Anns said today. “I feel excited about the future opportunities for our business and I am honoured to lead the Group’s international growth plans.”
Barry thanked Charlie Whelan and his team at Polestar for delivering this great international deal. “From the off, Polestar guided us through the tricky process of correctly positioning the business, introduced us to a wide variety of buyers from around the globe, before driving the deal to this great conclusion with the perfect buyer. The founding shareholders have had a great exit and the business is in a fantastic position to capitalise on the fast-growing market”
Double First is an excellent example of a leading British software company which exports to the four corners of the globe. Unsurprisingly, we had interest from buyers from four continents and received considerable interest from private equity. Double First will continue to shine under EHG’s ownership.
Polestar guided us through the tricky process of correctly
positioning the business, introduced us to a wide variety of buyers from around the globe,
before driving the deal to this great conclusion with the perfect buyer