Wise Music Group

Canaccord Genuity Advises Wise Music Group on the Sale of its Digital Education Division to Achieve Partners

Canaccord Genuity has advised global music publisher Wise Music Group on the sale of its Digital Education division to Achieve Partners, a New York-based private equity firm investing in the future of learning and work. The sale, which includes popular education platforms MusicFirst, Charanga, Rising Software, Focus on Sound, and O-Generator, furthers Achieve's effort to build a comprehensive education software platform for performing and visual arts.

In addition to MusicFirst, which acts as a central hub for K-12 music education software and hardware, the sale includes Rising Software, known for its world-leading music theory and ear training tools Auralia and Musition; Charanga, the UK's largest music education platform serving elementary schools; and the software platforms, Focus on Sound and O-Generator. Achieve Partners aims to bring its unique expertise in education technology to bear on accelerating the development of all five brands, expanding their reach in ways that advance the role of technology in education, while also prioritizing the unique needs of the music education community.

Achieve Partners is engineering the future of learning and earning by investing in cutting-edge technologies and novel business models to bolster skill development and secure the future of work for millions of Americans. By harnessing digital transformation, Achieve helps teachers, administrators, and schools improve student learning and outcomes.

The move also marks a pivotal moment for Wise Music Group, as it completes its transition into a company solely focused on music publishing. Wise Music Group, established in 1930 by the Wise Family, contains a host of acclaimed and historic publishing catalogs, including Chester Music, G. Schirmer, and Le Chant du Monde. With a repertoire of more than half a million songs spanning all genres and eras, Wise, the largest publisher of classical music in the world, represents more than 100 of today's most successful living composers. Wise has nine offices across the globe in every major music market, including London, Berlin, and Paris.