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New Deal


Announced

Completed

Georgian led a $130m Series E round in Top Hat.

Financials

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Transaction Value£94m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Education Services

Friendly

Canada

Private Equity

Single Bidder

Acquisition

Private

active learning courseware

Minority

Domestic

Venture Capital

Completed

Synopsis

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Georgian, a Canadian investment fund, led a $130m Series E round in Top Hat, an active learning courseware platform for higher education. “Top Hat’s latest round of funding enables us to accelerate our transformation of the higher ed learning experience to deliver greater educational value to learners. I am confident that under the leadership of incoming CEO Joe Rohrlich, Top Hat will successfully lead the movement to redefine the higher ed value equation and better support learners to succeed inside and outside the classroom," Mike Silagadze, Top Hat Co-Founder and CEO.

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