Press releases | Corporate and M&A | 25 Apr 2018

Travers Smith advises Goldman Sachs and Numis on c.£80m placing for Learning Technologies Group plc

Overview

Travers Smith LLP has acted for Goldman Sachs International and Numis Securities in their capacity as joint bookrunners on the £80m placing of new ordinary shares issued by Learning Technologies Group plc (LTG).

The proceeds of the placing are to be used to part fund the proposed acquisition of PeopleFluent Holdings Corp. announced by LTG on 24 April 2018. 

The acquisition is conditional on, inter alia, the expiry of the waiting periods (and extensions thereof) under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 and is expected to complete in May 2018.

Corporate partner Richard Spedding led the Travers Smith team, assisted by corporate associate Lucy Stephenson.