SC&H Capital, a leading investment bank specializing in M&A advisory for middle-market companies, is pleased to announce that its client, Pajeau, Inc., d/b/a Tynker (“Tynker” or the “Company”), has completed a sale of its assets, under Chapter 11 Section 363 of the United States Bankruptcy Code in the District of Delaware, to CodeHS.
Tynker is a market-leading and innovative EdTech company specializing in coding education for children, offering a gamified platform that integrates AI-powered lesson adaptation to optimize learning outcomes. Its comprehensive suite of tools and curriculum supports schools and parents in fostering the next generation of programmers and STEM professionals.
SC&H Capital was retained by the Chapter 11 Trustee to Tynker to conduct an extensive marketing process for the Company’s assets in order to maximize recovery for the Company’s creditors. SC&H ran a comprehensive marketing process, approaching domestic and international strategic buyers, private equity-backed EdTech companies, and special situations focused private equity funds. SC&H’s outreach efforts resulted in multiple interested parties conducting due diligence and discussions with management. Ultimately, SC&H conducted a competitive auction for the assets with multiple qualified bidders. After extensive rounds of bidding, CodeHS purchased the assets under Chapter 11 Section 363 of the U.S. Bankruptcy Code in the District of Delaware and rehired the majority of the employees.
“Our process attracted interest from both strategic and financial buyers who recognized the long-term potential in Tynker’s platform and technology,” said Mike Gorman, Principal at SC&H Capital. “We are pleased that CodeHS emerged as the buyer and will be able to build on Tynker’s established foundation and retain much of its talented team to continue supporting coding education for students.”
About SC&H Capital
SC&H Capital is an investment banking and advisory firm specializing in mergers and acquisitions (M&A), employee stock ownership plans (ESOP), distressed M&A, capital raises, financial restructurings, and business valuations for middle-market companies nationally. SC&H Capital delivers services across numerous industries including technology, healthcare, manufacturing, consumer, business and professional services, and government contracting. We are recognized for delivering relevant market insights and tailored solutions to help owners achieve their true strategic value. To learn more, visit www.schcapital.com.
