06 Oct 2011 | 01:21 pm |
International law firm Pinsent Masons has advised mid-market private equity firm Lloyds TSB Development Capital (part of the Lloyds Banking Group) on the acquisition of online learning provider Learndirect in a £40 million deal.
Sheffield based LDC was acquired from Ufi Charitable Trust, a registered charity set up in 1998, to use new technology to transform the delivery of learning and skills. Since Learndirect launched in 2000 it has helped over three million people and thousands of businesses use the internet to gain qualifications in subjects such as maths, English, and IT.
Ian Crabb, former chief executive of Quadriga Worldwide, a wifi and wired products supplier, and a former member of the senior management team at private equity firm Permira, has been brought in as chairman of Ufi to assist with Learndirect growth.
The Pinsent Masons team advising LDC was led by corporate partner Peter Wood assisted by senior associate Michelle Kershaw and Amy Wright (corporate) and a team of specialists in commercial, IP, employment, pensions and insurance law. LDC was also advised by Deloitte.
Peter Wood commented: "We were pleased to advise LDC on this exciting deal which positions Learndirect to expand its services and compete more effectively in the wider marketplace by accessing a greater pool of potential customers."
Multinational law firm Pinsent Masons has advised the Aviva Group on the successful High Court-sanctioned transfer of the entire insurance business of Aviva Protection UK Limited (formerly AIG Life) to Aviva Life & Pensions UK Limited, under a Part VII insurance business transfer scheme.
Multinational law firm Pinsent Masons has announced today that it has been named as a supplier on Crown Commercial Service’s Legal Panel for Government framework on Lot 2- Major Project and Complex Advice.
Multinational law firm Pinsent Masons has advised Great British Energy (“GBE”), the National Wealth Fund (“NWF”) and the Scottish National Investment Bank (“SNIB”) on their acquisition of a stake in Pentland Offshore Wind Farm from Copenhagen Infrastructure Partners (“CIP”) and agreed to provide an aggregate investment of up to £150,000,000 in the project.
Multinational law firm Pinsent Masons has advised Great British Energy (“GBE”), the National Wealth Fund (“NWF”) and the Scottish National Investment Bank (“SNIB”) on their acquisition of a stake in Pentland Offshore Wind Farm from Copenhagen Infrastructure Partners (“CIP”) and agreed to provide an aggregate investment of up to £150,000,000 in the project.
Multinational law firm Pinsent Masons has advised Swiss-based Ufenau Capital Partners on its investment in Express Solicitors, a fast-growing UK personal injury law firm.
Multinational law firm Pinsent Masons continues to build on its strong energy sector expertise with the appointment of Nick Li as a partner in its corporate team in Melbourne.
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