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 Tokai Carbon Co., Ltd. (“Tokai Carbon”) on the sale of its German subsidiary TOKAI ERFTCARBON GmbH (“TEG”), to Lenbach Equity Opportunities III. GmbH & Co. KG, which is exclusively advised by DUBAG Investment Advisory GmbH (“DUBAG”).
Multinational law firm Pinsent Masons has advised the shareholders of independent financial advisory and wealth management firm Shackleton, including the private equity buy-and-build specialist Sovereign Capital Partners, on the exit to Lee Equity Partners.
Multinational law firm Pinsent Masons has been announced by Business in the Community as one of The Times Top 50 Employers for Gender Equality in 2025. This year’s list marks the sixth time that the firm has been recognised for its commitment to embedding gender equality into all levels of the organisation.
Multinational law firm Pinsent Masons has advised Tokai Carbon Co., Ltd. (“Tokai Carbon”) on the sale of its German subsidiary TOKAI ERFTCARBON GmbH (“TEG”), to Lenbach Equity Opportunities III. GmbH & Co. KG, which is exclusively advised by DUBAG Investment Advisory GmbH (“DUBAG”).
Multinational law firm Pinsent Masons has advised the shareholders of independent financial advisory and wealth management firm Shackleton, including the private equity buy-and-build specialist Sovereign Capital Partners, on the exit to Lee Equity Partners.
Multinational law firm Pinsent Masons has advised Gulf Navigation Holding PJSC (Gulf Nav), the only maritime and shipping company listed on the Dubai Financial Market, on its landmark reverse takeover of Brooge Petroleum and Gas Investment Company from NASDAQ-listed Brooge Energy Limited.
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