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New Deal


Announced

Completed

Serent Capital-backed FranConnect completed the acquisition of World Manager.

Financials

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

Tags

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Private

Acquisition

Majority

Australia

Completed

Education Services

Friendly

learning management

Single Bidder

Cross Border

Private Equity

Synopsis

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Serent Capital-backed FranConnect, a povider of franchise management solutions, completed the acquisition of World Manager, a provider of learning management and front-line employee engagement solutions. Financial terms were not disclosed. "We are thrilled to welcome the World Manager's world-class family of brands and employees to the FranConnect community. World Manager's learning management and engagement platform adds a highly strategic capability to FranConnect's operations solutions, extending our reach from managing the relationship between the brand and franchisee to supporting the needs of multi-location ownership groups and their employees. We can now provide end-to-end visibility of drivers of growth and performance across all types of multi-locations businesses," Gabby Wong, FranConnect CEO.

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