Stinson Leonard Street represented Capstone, a leading publisher of children’s books and digital reading products and services, in the sale of myON to Francisco Partners, a leading technology investment firm. The transaction closed on Feb. 17.
Since launching in 2011, myON has established itself as the fastest growing digital literacy company for the K-12 education market. Over 7.5 million students in 49 states and 20 countries have access to myON. Students have access to a personalized literacy ecosystem that offers unlimited reading in a curated library of more than 13,000 digital books dynamically matched to each learner’s reading level and interests.
Capstone is a leading publisher of children’s books, digital solutions and services, literacy programs, and K–12 professional development resources. Capstone creates content and interactive experiences in a variety of print, digital and blended media formats for school libraries, classrooms, and at home reading including the award-winning PebbleGo and PebbleGo Next research databases for elementary schools.
The Stinson Leonard Street team that worked on the matter included David Naples, Steve Quinlivan, Jonathan Vessey, Joel Leviton, Ruth Rivard, David Axtell, Jeff Cairns, Jessica Barry, Andrew Kuettel, Marcus Tibesar and Nicholas Lyden.