Travers Smith LLP is advising Goldman Sachs International and Numis Securities Limited (as Joint Bookrunners), and Joh. Berenberg, Gossler & Co. KG, London Branch (as Lead Manager), on the placing by Learning Technologies Group plc announced on 15 July.
The placing raised gross proceeds of approximately £85 million and was undertaken to part-fund LTG's conditional acquisition of the capital stock of GP Strategies (NYSE: GPX), a leading provider of learning services and workforce transformation.
The Travers Smith team was led by Corporate partner Richard Spedding and Senior Counsel Mark Anderson. Advice on U.S. Securities Law was given by Senior Counsel Brent Sanders. DLA Piper advised LTG.