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New Deal


Announced

Completed

Primavera completed the acquisition of LAIX for $56m.

Financials

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Transaction Value£40m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Domestic

Majority

Public

China

Privatisation

educational technology

Acquisition

Single Bidder

Friendly

Software

Completed

Synopsis

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Primavera, a private equity firm, completed the acquisition of LAIX, an artificial intelligence company, for $56m. As a result of the merger, LAIX became a private company, the American depositary shares of LAIX, each of which represented fourteen Class A ordinary shares of the Company, are no longer quoted on the OTC Market, and the company's ADS program was terminated.

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