Learnlight, a private equity-backed ed tech platform, has acquired IBE, an Italian-language training provider, EducationInvestor Global can reveal.
The organisation, which is backed by Beech Tree Private Equity, continues to expand via M&A, following its acquisitions of Communicaid in 2017 and Arenalingua in 2019.
IBE, which records annual turnover of around €3 million, provides blended language-learning solutions to Italian organisations, including large corporations such as Intesa San Paolo, Pirelli and Roche.
Benjamin Joseph, Learnlight’s chief executive, said: “Italy is one of the largest language-training markets in Europe and Learnlight, as experts in digital transformation, are ideally positioned to support companies on their journey to a more modern approach to developing these competencies. IBE is a known and trusted partner with a reputation for high-quality and excellent service, an ideal base from which to launch Learnlight in the country.”
Adam Rudd, director, Beech Tree Private Equity, said: “The acquisition continues Learnlight’s strategy of organic growth across Europe coupled with key strategic acquisitions to gain further traction in the largest language-training markets across Europe.”
Learnlight was advised by James Kerrigan and Chris Wilson (DLA piper), Christophe Hinz (Rödl & Partner) and Katherine Kay (PwC tax structuring).
Learnlight provides language, intercultural and soft skills training to blue-chips and international organisations around the world.
Learnlight delivers blended, virtual and face-to-face services to more than 1,500 clients with more than 100,000 active learners in more than 150 countries.
Date published: 10 March 2021