SC&H Capital, a leading investment bank specializing in M&A advisory for middle-market companies, is pleased to announce that its client, Tangible Play, Inc., d/b/a Osmo (“Osmo” 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 Play Osmo, Inc.
Osmo is a pioneering education technology company that merges hands-on learning tools with digital content. Focused on early childhood and K-12 education, Osmo’s award-winning solutions integrate tangible play with innovative software to deliver engaging, curriculum-aligned learning experiences.
Osmo sales grew rapidly during 2020 when remote schooling dominated the K-12 educational experience. However, in late 2022, Osmo felt the impact of falling post-pandemic demand for remote learning products and the downdraft in the education technology market as children returned to attending school in person. Osmo made large cuts to spending across operations and marketing and moved nearly all support positions overseas to rationalize costs and to conserve liquidity. Ultimately, Osmo was shuttered due to declining sales and performance issues.
SC&H Capital (“SC&H”) was retained to conduct an extensive marketing process in search of a buyer for the Company’s assets and to effectuate the transaction through a chapter 11 section 363 sale. Ultimately, SC&H conducted a competitive auction for select assets with multiple qualified bidders. After multiple rounds of bidding SC&H sold Osmo to a Play Osmo, Inc., an independent buyer who restarted the operations and sales of the legacy Osmo products.
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.
