Capital SCF, the technology-focused independent corporate finance boutique, is pleased to announce the sale of its client ThirdForce Group Plc (nka: MindLeaders) to Skillsoft. Dublin, Ireland based MindLeaders is an international provider of SaaS-based e-learning and talent management solutions to corporations globally.
The acquisition will add to Skillsoft’s existing offerings in learning content, and supports the company’s overall strategy to continually increase the quality and flexibility of the learning solutions it makes available to its corporate, government, education, and small-to-medium size business customers. Further, the addition of MindLeaders’ capabilities will strengthen Skillsoft’s ability to expand its compliance-related business in the United States and United Kingdom. The combined entity will offer MindLeaders’ customers access to a much broader portfolio of products as well as a much richer variety of learning content types including videos, online books and rich media amongst others.
The transaction was structured as a general offer under Irish law and was unanimously recommended by the MindLeaders board of directors, pursuant to which shareholder acceptances in respect of approximately 91.3% of shares were received at first closing of the offer.
Brendan O’Sullivan, CEO of ThirdForce said:
Capital SCF’s insight into the market and understanding of the sale process were key to achieving the price premium for our shareholders. Reflecting on the transaction I can see that their dual focus on the big picture and the detail meant that they did an excellent job controlling the process and steering our team to a very successful result. I recommend Capital SCF as an excellent team to have on your side.
About MindLeaders
MindLeaders is a leading provider of e-learning technologies and blended learning and talent management solutions which drive organisational performance and develop talent in more than 2,500 organisations across thirty countries. MindLeaders have pioneered e-learning solutions since 1981, offering a fully integrated talent management and development solution featuring performance management, learning management and e-learning resources on one unified platform.
MindLeaders is headquartered in Dublin, Ireland, with offices in the US, UK, Australia and South Africa. For more information about the company and its services go to: www.mindleaders.com.
About Skillsoft
Skillsoft is a pioneer in the field of learning with a long history of innovation. Skillsoft provides cloud based learning solutions for its customers worldwide, ranging from global enterprises, government, and education to mid-sized and small businesses. Skillsoft’s customer support teams draw on a wealth of in-house experience and a comprehensive learning e-library to develop off-the-shelf and custom learning programs tailored to cost-effectively meet customer needs. Skillsoft’s courses, books and videos have been developed by industry leading learning experts to ensure that they maximize business skills, performance, and talent development.
Skillsoft currently serves over 5,000 customers and more than 13,000,000 learners around the world. Skillsoft is privately owned by Private Equity firms Advent International, Berkshire Partners and Bain Capital. For more information about the company and its services go to: www.skillsoft.com.
About Capital SCF
Capital SCF is a technology-focused independent corporate finance boutique headquartered in London. It provides high quality, independent advice to the senior management teams and boards of the European technology industry’s innovative incumbent and disruptor companies on strategic matters critical to their growth and success. Capital SCF’s directors combine a broad network of global relationships with deep sector knowledge and specialist M&A experience to deliver a superior, senior level of service for clients who value experience, judgment, insight and innovative thinking. In addition to mergers & acquisitions advice, Capital SCF leverages its team’s extensive corporate finance and capital markets experience to advise companies on capital structure and capital raising choices, selectively raising private capital for clients.
