Three Firms Lead as Evergreen Coast Buys DreamBox Learning Stake

Ropes & Gray represented Evergreen Coast Capital Corp., a unit of private equity firm Elliott Investment Management LP, on its acquisition of a majority stake in education technology provider DreamBox Learning.

Gibson, Dunn & Crutcher advised DreamBox’s board of directors, while Williams & Connolly advised the company’s management, on the transaction. No financial details were disclosed.

Texas Pacific Group’s The Rise Fund will retain a significant minority stake and continue to be represented on the DreamBox board, according to a statement.

Seattle-based DreamBox, which provides learning software to K-12 schools, said its mission is “to radically transform the way the ...