Skillsoft, a provider of educational software for the corporate sector got acquired by London-based private equity firm Charterhouse Capital Partners for over $2 billion. Terms of the deal were not disclosed.
The current owners Advent International Corp., Bain Capital LLC and Berkshire Partners LLC took Skillsoft private in 2010 and committed at least $510 million in equity.
According to sources familiar with the matter, Providence Equity Partners LLC were also interested in buying Skillsoft’s assets from the owners but was outbid by Charterhouse.
Over the past decades Skillsoft has transformed itself from being an elearning provider in IT and business skill into one of learning solutions ranging from digitized books, videos, simulations, a learning management system and content development tools.
Skillsoft is based in Dublin and currently serves 6.000 customers worldwide with 19 million students.
This is the second acquisition of a major edtech company by a private equity firm lately with Renaissance Learning being acquired by Hellman & Friedman last week.
- Exclusive: Charterhouse in the lead to buy Skillsoft – sources | Reuters
- Charterhouse Capital Partners buys Skillsoft for estimated $2.3bn | EducationInvestor
- Skillsoft Announces Acquisition by Charterhouse Capital Partners LLP | SkillSoft
- HEDLINE: Renaissance Learning acquired for $1.1 billion | EDUKWEST