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  "documentTitle": "Education: 2022 M&A Deal Roundup and Trends to Watch Out for in 2023",
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      "text": "Test prep and tutoring (about 46%), HE (about 15%) and K-12 (about 11%) have been the dominant sectors... Adult & Corporate training (about 27%), education services (about 15%) and publishing (about 15%) have driven developed market investments... Test prep and tutoring, K-12, and HE form about 72% of the overall investments in developing markets in 2022...",
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      "text": "Edtech investments currently comprise ~60% of education funding by volume... More than 50% of the edtech investments have been concentrated in education services... About 90% of Edtech investments in education services are in companies leading the digitization...",
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      "text": "M&A activity across the education sector in North America... North America has seen the least decline of about 20%-25% in 2021-22... Education services (about 50%) and publishing (about 23%) have driven North American transaction value in 2022...",
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      "text": "Note: HE=higher education; LMS=learning management system. Source: Mergermarket data, L.E.K. research and analysis",
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