Tyton Partners acted as exclusive financial advisor to LitCharts in its sale to Course Hero.
LitCharts is working to make literature more accessible to readers at every level. More than 50 million students, teachers, parents, and general-interest readers turn to LitCharts to get everything they need for everything they read. In creating LitCharts, co-founders Ben Florman and Justin Kestler tapped into their experience as the original editors of SparkNotes to take a totally new approach to analyzing and explaining literature. Using side-by-side summaries, theme analysis, and interactive data visualizations, LitCharts helps teachers teach literature and helps students learn it.
Course Hero is on a mission to help students make every study hour count, and graduate confident and prepared. Course Hero’s online learning platform now offers more than 60 million course-specific study resources created by and for students and educators, as well as 24/7 tutor help. The range of learning materials includes practice problems, study guides, textbook solutions, videos, class notes, and step-by-step explanations for every subject. More than 65,000 faculty across the U.S. and Canada use Course Hero to share their resources with the community, collaborate with other faculty, and hone new strategies for instruction.
Read the full press release here
has been acquired by
Transaction Type: Sell Side M&A
Transaction Date: June 2021