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 appointed litigation partner Melanie Ryan to join its Global Investigations team in London.
Law firm Pinsent Masons MPillay has advised Swiss-based infrastructure investment manager SUSI Partners on its investment in Alba Renewables to build a renewable energy infrastructure business focused on The Philippines.
Multinational law firm Pinsent Masons has advised Italian producer of hotel essentials La Bottega on its acquisition of a majority stake in Australian company Vanity Group.
Law firm Pinsent Masons MPillay has advised Swiss-based infrastructure investment manager SUSI Partners on its investment in Alba Renewables to build a renewable energy infrastructure business focused on The Philippines.
Pinsent Masons has advised Bestinver Infra, FCR on the acquisition of the remaining shares in N6 (Concession) Holdings Limited and N6 (Operations) Ltd, with Japanese co-investor Daiwa Energy & Infrastructure Co. Ltd.
Multinational law firm Pinsent Masons has advised Sandoz on the acquisition of the remaining shares in Rowex Limited, a joint venture in Ireland between Sandoz and Rowa Pharmaceuticals.
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