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Announced

Completed

Skillsoft went public via a merger with Churchill Capital II in a $1.5bn deal.

Financials

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Transaction Value£1,149m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

corporate training services

Single Bidder

business skills training

Acquisition

information technology

Friendly

Majority

Private Equity

IT Services: Other

Merger

Private

Domestic

Disposal

Reverse Takeover

De-SPAC

Completed

Synopsis

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Skillsoft, a company that delivers online learning, training, and talent solutions, went public via a merger with Churchill Capital II, a special purpose acquisition company, in a $1.5bn deal. The transaction includes the subsequent completion of the acquisition of Global Knowledge, a technology skills training provider. "This transaction is an excellent fit with Churchill II’s mission and focus, as both Skillsoft and Global Knowledge are dedicated to training and reskilling workers for jobs of the future while providing exceptional shareholder returns in a high-growth market with favorable demographic trends. The combination will create the leading digital learning platform in the industry, and the new Skillsoft will be on track to become one of the fastest growing companies in the digital learning space," Michael S. Klein, Churchill II Chairman and CEO.

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