PwC have acted as lead advisor to NorthEdge on its investment in PebblePad
PwC has acted as lead advisor to NorthEdge Capital on its primary investment in PebblePad, a SaaS Learning Journey ePortfolio platform to global Higher Education Institutions. PwC provided Corporate Finance and Commercial Due Diligence services to NorthEdge.
PebblePad is the leading Learning Journey Platform, with unrivalled capabilities in student-centered learning, supporting higher education institutions across the UK, Australia, New Zealand, Canada and the United States – it is used by more than 130 universities worldwide including 30 of the top-ranked global universities.
PebblePad is the only platform that integrates ePortfolios, workbooks, and assessments to unify the entire learning journey - providing students with a holistic view of their experiences within and beyond the curriculum, from pre-arrival to alumni. This evidence-based approach supports higher education institutions to improve student engagement, development and retention; alongside enhancing student experiences, outcomes and employability.
The business was founded by former university lecturer Shane Sutherland in 2004. Shane is supported by an experienced team of academics and technologists, which enables PebblePad to combine strong sector knowledge with innovation.
The investment will also support the business to continue to invest in its people. Andrew Galloway joins the business as Chief Financial Officer and brings with him extensive experience of working with private equity-backed businesses. The plan will also enable the business to invest in additional resources in the US and ensure it remains a great place to work as it continues to scale.
PwC’s Technology M&A team acted as lead advisor to NorthEdge with the deal team consisting of Dan Gallagher, Chris Whitehead, Matt Brindley, Matthew Fourie and Freddie Maher.
PwC Strategy& also provide NorthEdge with Commercial Due Diligence services with a team led by Nick George and Georgia Moss.
Dan Matkin, Director at NorthEdge Capital:
“We are pleased to be backing Shane and the highly ambitious team at PebblePad to continue the growth of the platform. The business has a strong track record of growth and has already established a reputation for delivering learning experiences that support clients and students to achieve their desired outcomes – our investment will support PebblePad to deliver these outcomes on a larger scale internationally.”
Chris Whitehead, Director at PwC
“We are delighted to have worked with both the NorthEdge and PebblePad teams on this transaction, demonstrating again how vertical software continues to be a highly attractive space for investment and growth. PebblePad is a unique platform in the Education software space, and we are excited to see how the journey continues with NorthEdge.”
Contact us
