Chelsea owners Clearlake Capital announce major new deal with prediction made ahead of Arsenal

Chelsea co-owners Clearlake Capital have announced the completion of a deal involving educational technology backed company Discovery Education. It comes after the agreement for the acquisition of DreamBox Learning was made public last month.

The deal will see Discovery Education, a self-professed worldwide edtechleader, join with DreamBox Learning to 'unite two cultures of passion and purpose,' Clearlake write. Discovery Education chief executive officer Jeremy Cowdrey continued: «Together, we are positioned to provide school systems worldwide a wider range of research-based products that provide students, real, measurable impact on learning from one consolidated platform at the time school systems are seeking more ROI than ever from their edtech spend.

»We believe this new combination of people and solutions will allow Discovery Education to expand its impact on education and continue its growth trajectory.”

It is the latest in a long line of deals conducted by companies that Clearlake have invested in. The Santa Monica based private equity firm, headed by Chelsea co-owners Behdad Eghbali and Jose E. Feliciano, have over 400 investments with more than ($70bn) worth of assets under their watch.

Perhaps the most public of those, Chelsea, remains a work in progress alongside Eldridge Industries chairman Todd Boehly. Clearlake and Boehly, who brings sporting success from his work with MLB side LA Dodgers and work at LA Dodgers in NBA, combined in a consortium to buy Chelsea in May 2022.

As far as their portfolio of work goes this is one of the more major journeys that they have embarked upon though with over £1billion ($1.2bn) worth of players signed in a little over 12 months including two managerial sackings and a total