Learnosity Acquired by Leeds Equity Partners to Enhance Digital Assessment Solutions
Deal News | Jan 06, 2025 | Leeds Equity Partners
Leeds Equity Partners, a private equity firm with a focus on education software, has acquired Learnosity Holdings Ltd., a global leader in digital assessment solutions. This acquisition aligns with Leeds Equity's strategy of investing in the education sector, expanding its portfolio within the so-called 'Knowledge Industries.' The terms of the transaction were not disclosed. Learnosity, which serves diverse education and training sectors with 670 customers and over 40 million learners, offers advanced API and AI-enabled digital assessment technologies. Leeds Equity aims to leverage its extensive expertise to work in tandem with Learnosity's management team, led by CEO and Co-Founder Gavin Cooney, to enhance client education needs and spearhead the next growth phase. Legal advisories for the acquisition included Latham & Watkins LLP, Arthur Cox LLP for Leeds Equity, and Raymond James, Wallace Corporate Counsel LLP, and Cooley LLP for Learnosity. The deal reflects the growing demand for innovative assessment technologies in education and training.
Sectors
- Education Technology
- Private Equity
Geography
- United States – Leeds Equity Partners is based in New York, indicating a significant U.S. involvement in the acquisition process and broader education technology market.
Industry
- Education Technology – The article is centered around the acquisition of Learnosity, a leader in digital assessment solutions for education, highlighting innovations and service offerings in this rapidly changing sector.
- Private Equity – Leeds Equity Partners' acquisition of Learnosity underscores private equity investments in the education sector, reflecting a strategic focus on leveraging specialized market knowledge.
Financials
- Not disclosed – The financial terms of the acquisition between Leeds Equity Partners and Learnosity were not made public.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Leeds Equity Partners | Bidding Company | Company | A private equity firm focused on partnerships within education and information services industries, managing over $6 billion of capital. |
| Learnosity Holdings Ltd. | Target Company | Company | Global leader in digital assessment software, providing solutions for various educational and training sectors. |
| Gavin Cooney | CEO and Co-Founder | Person | Co-Founder of Learnosity, leading the company's strategic initiatives in digital assessment technologies. |
| Scott VanHoy | Partner | Person | Partner at Leeds Equity Partners, involved in aligning the firm's strategic acquisition efforts with Learnosity. |
| David Neverson | Managing Director | Person | Managing Director at Leeds Equity Partners, poised to contribute insights on education technology developments post-acquisition. |
| Latham & Watkins LLP | Legal Advisor | Company | Provided legal counsel to Leeds Equity Partners in the acquisition of Learnosity. |
| Arthur Cox LLP | Legal Advisor | Company | Served as legal counsel alongside Latham & Watkins LLP to Leeds Equity Partners. |
| Raymond James | Financial Advisor | Company | Acted as financial advisor to Learnosity during the acquisition. |
| Wallace Corporate Counsel LLP | Legal Advisor | Company | Provided legal counsel to Learnosity in the deal. |
| Cooley LLP | Legal Advisor | Company | Provided legal services to Learnosity during their acquisition process. |