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Private equity-backed online learning company Skillsoft eyes $2bn sale

8 Jan 2014

Private equity-backed online learning company Skillsoft has tasked Deutsche Bank to explore a potential sale, in a deal that could hit $2bn, Reuters has reported

The company was acquired by Advent International, Bain Capital and Berkshire Partners back in February 2010 for $1.2bn.

Skillsoft was incorporated in Ireland in 1989 merged with IT courseware company SmartForce in 2002. Since then it has acquired NETg in 2007, Element K in 2011 and ThirdForce Group in 2012.

The company offers learning solutions that include digitised books, videos, simulations, a learning management system and other content development tools. It recorded EBITDA of $139.2m for its most recent 12-month period.

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