LONDON, UK: The Apax Digital Fund, in which AGA is a limited partner, announced an investment in Revolution Prep, a leading national provider of online academic tutoring and test preparation services.
On a look through basis, AGA is expected to invest approximately €3.6m in the company. Note that these figures relate to AGA’s look through position of the Apax Digital Fund‘s overall investment in Revolution Prep and are stated before taking into account any closing adjustments and are translated into Euro based on today’s exchange rates where applicable.
Revolution Prep is a leading national provider of online academic tutoring and test preparation services. The company’s online teaching platform makes high-quality tutoring inclusive and accessible – from any location, at any time – supporting students of all ages (from kindergarten to college) in becoming lifelong learners.
Revolution Prep is distinguished by its community of professional tutors, who specialise in 100+ academic and test prep subjects, and an approach focused on fostering self-confidence and empowering students to exceed their perceived limitations. Over 20 years in business, Revolution Prep has helped more than 1 million families in achieving academic success.
The investment will be used to support the company’s growth priorities, driving improvements across its product platform, an expansion into new partner schools and tutoring segments, and growing market share across geographies.
AGA, whose shares are listed on the London Stock Exchange, provides investors with access to a diversified portfolio of private equity funds advised by Apax as well as a focused portfolio of debt and equity investments. In 2017, AGA made a commitment of $50m to ADF.