London-based workplace learning and talent company Learning Technologies Group (LTG) is acquiring Maryland-headquartered corporate training company GP Strategies for $394 million.

Following the acquisition, LTG will have around 5,500 employees worldwide.

Jonathan Satchell, chief executive of LTG, said: “Today marks an important moment for LTG as we announce a significant expansion of our business through the proposed acquisition of GP Strategies, a leading learning services and workforce transformation provider. The proposed acquisition brings new capabilities and deep sector expertise in high-value industries. The acquisition provides LTG with a significant opportunity to expand on our long-term customer relationships while bringing a substantial new base of large global customers from GP Strategies.

“I look forward to welcoming GP Strategies’ teams and people, who are joining us on an exciting journey as we benefit from consolidation of the growing corporate learning and talent management industry.”

Adam Stedham, chief executive at GP Strategies added: “I respect the accomplishments of Learning Technologies Group and their leadership team. We share the same positive outlook regarding our industry, and I am confident they will help continue to accelerate the momentum we have achieved the last few years. I believe their commercial expertise, business practices, and financial acumen, combined with our client relationship strategies, will create the world-class workforce transformation company we all want.”

LTG has undertaken a placing to partly fund this acquisition. Goldman Sachs International is its joint bookrunner, financial advisor and corporate broker. Numis Securities is its joint bookrunner, financial and debt advisor. Joh Berenberg, Gossler & Co is lead manager, while FTI Consulting is PR advisor and DLA Piper is legal advisor.

Jefferies is exclusive financial advisor and Hogan Lovells is legal advisor to GP Strategies.

Date published: 20 July 2021

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