Learning Technologies Exits LSE Following $1bn Acquisition
Deal News | Dec 05, 2024 | Business Cloud
Learning Technologies Group (LTG), a prominent UK EdTech company specializing in corporate training solutions, is set to be delisted from the London Stock Exchange following a $1 billion acquisition by the US private equity firm General Atlantic. This landmark deal, valued at 802.4 million pounds, represents a 34% premium per share compared to LTG's last closing price. This acquisition reflects ongoing trends in the sector, impacted by the rapid advent of generative AI and a shift away from custom content. Historically, LTG saw its share price peak at 235p in September 2021. The announcement of the deal sparked a share price increase from 92p to 98p. General Atlantic, a major investor in global EdTech, holds stakes in other notable education platforms such as Duolingo, Unacademy, and Kahoot.
Sectors
- EdTech
- Private Equity
Geography
- United Kingdom – Learning Technologies Group is headquartered in London and listed on the London Stock Exchange.
- United States – General Atlantic, the private equity firm acquiring Learning Technologies Group, is based in the US.
Industry
- EdTech – The EdTech industry involves companies that specialize in educational technology innovations, such as Learning Technologies Group, which provides corporate training solutions.
- Private Equity – Private Equity firms like General Atlantic that invest in various companies and their portfolios often include high-value transactions like the acquisition of Learning Technologies Group.
Financials
- $1 billion (802.4 million pounds) – The total value of the acquisition deal made by General Atlantic to purchase Learning Technologies Group.
- 100 pence per share – The cash amount received by Learning Technologies Group shareholders, representing a 34% premium over the last closing price.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Learning Technologies Group (LTG) | Target Company | Company | A UK-based EdTech company specializing in corporate training tools, listed on the London Stock Exchange. |
| General Atlantic | Bidding Company | Company | A US-based private equity firm investing in various sectors, including education technology. |