Learnosity Acquired by Leeds Equity Partners
Deal News | Jan 16, 2025 | Battery Ventures
Leeds Equity Partners, a private equity firm specializing in the education and training sectors, has acquired Learnosity Holdings Ltd., a leader in digital assessment solutions. The acquisition aligns with Leeds Equity's strategic investment in the education software domain, marking another move in their extensive track record of building education-focused businesses. Learnosity, known for its robust assessment technologies and AI-enabled tools, serves a wide range of markets including K-12 and higher education, as well as corporate learning and government. This acquisition is expected to bolster Learnosity's growth and efficacy in the rapidly evolving digital assessment landscape. Leeds Equity and Learnosity share a common mission of advancing educational experiences, with Leeds Equity bringing substantial market insights and sector-focused expertise to the partnership.
Sectors
- Education Technology
- Private Equity
Geography
- United States – Leeds Equity Partners is based in New York, making the U.S. a primary geography in the article.
- Ireland – Learnosity, which was previously backed by Battery Ventures, has significant operations in Ireland.
Industry
- Education Technology – The article is focused on the education technology sector, as it discusses Learnosity's solutions for digital assessments and education software.
- Private Equity – Leeds Equity Partners, a private equity firm, is involved in the acquisition, emphasizing PE activities in the education and training sector.
Financials
- Not Disclosed – The terms of the transaction were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Learnosity Holdings Ltd. | Target Company | Company | A global leader in assessment software and solutions. |
| Leeds Equity Partners | Acquirer | Company | A New York-based private equity firm focusing on education and training sectors. |
| Battery Ventures | Previous Backer | Company | A previous investor in Learnosity. |
| Gavin Cooney | CEO and Co-Founder | Person | CEO and co-founder of Learnosity. |
| Scott VanHoy | Partner | Person | Partner at Leeds Equity Partners. |
| David Neverson | Managing Director | Person | Managing Director at Leeds Equity Partners. |
| Latham & Watkins LLP | Legal Advisor | Company | Provided legal counsel to Leeds Equity Partners. |
| Arthur Cox LLP | Legal Advisor | Company | Provided legal counsel to Leeds Equity Partners. |
| Raymond James | Financial Advisor | Company | Acted as financial advisor to Learnosity. |
| Wallace Corporate Counsel LLP | Legal Advisor | Company | Provided legal counsel to Learnosity. |
| Cooley LLP | Legal Advisor | Company | Provided legal counsel to Learnosity. |