.
MergerLinks Header Logo

New Deal


Announced

Prosus to invest $400m in Skillsoft.

Financials

Edit Data
Transaction Value£378m
Consideration TypeCash
Capital Owned-
Capital Bid For30%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private

Friendly

United States

educational technology

Acquisition

corporate training services

Education Services

Majority

Pending

Cross Border

Single Bidder

Synopsis

Edit

Prosus, a global consumer internet group and one of the largest technology investors in the world, agreed to invest an additional $400m in Skillsoft, an American educational technology company, in connection with Churchill II's planned acquisition of Skillsoft and Global Knowledge Training, bringing Prosus's total investment in Churchill II in connection with the transaction to $500m. The decision by Prosus to make this substantial investment in Churchill II and make the Strategic Support Agreement effective will help further fund Skillsoft's already liquid capital structure, provide certainty to ensure consummation of the business combination and allow Skillsoft to execute on its business strategy and growth plan.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US