DLA Piper advises Learning Technologies Group on the acquisition of GP Strategies for US $ 394 million

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NEW YORK, July 21, 2021 / PRNewswire / – DLA Piper advised Learning Technologies Group (AIM: LTG.L), a UK provider of digital learning and talent management services and technologies, on its acquisition of GP Strategies Corporation ( NYSE: GPX), a United States-based Global Workforce Transformation Solutions Provider.

Learning Technologies Group will acquire GP Strategies to $ 20.85 per GP Strategies share in cash, which represents a market capitalization of approximately US $ 394 million. The transaction, which remains subject to regulatory approval, is expected to close in the fourth quarter of 2021. The consideration for the acquisition will be partially funded by a placement of new ordinary shares, which were admitted to trading on July 20, 2021, raise £ 85million, the balance being partly financed by US $ 305 million in additional debt financing (of which US $ 40 million is to be repaid from GP Strategies cash soon after the acquisition) and from existing cash resources.

The acquisition of GP Strategies by Learning Technologies Group provides a strong complementary offering to LTG’s existing portfolio and creates an enhanced holistic proposition for clients to help them seize long-term structural growth opportunities in the global gasoline market. learning and talent management.

DLA Piper cross-border team was led by a corporate partner Charles Sévers in the UK and Jonathan klein in the USA. The team also included partners Victoria Rhodes, Martin penn and Matthew Noel, legal council Karin Kirschner, senior partner Alexandre yeramian and associates James croft and Alex Pierre in the UK and partners JA Glacum (Houston), Richard ashley (Chicago), Brad jorgenson (Austin), Ignatius Sanchez (Washington DC), Paul Morante (new York), Ute Krudewagen (Silicon Valley) and Guillaume Bartow (Philadelphia cream); of advice Angeline Chen and Nicolas klein (both Washington DC); and associates Melissa Sampson, Clayton culler, Christine daya (all Washington DC), Kenneth duncan (new York), Marie Claire Blythe (Baltimore) and Priya Narahari (Philadelphia cream).

Corporate partner Charles Sévers said: “LTG is a motivated, focused and very active company and DLA Piper is delighted to have had the opportunity to work with the LTG team on this transaction, advising on capital, debt and M&A aspects. .

“Our strong cross-border team, our extensive experience with mergers and acquisitions in the technology sector and our broad global platform all contributed to the success of this transaction,” said Jonathan klein, President of DLA Piper US Mergers and Acquisitions practice.

With more than 1,000 corporate attorneys worldwide, DLA Piper helps clients seamlessly execute complex cross-border transactions while supporting them through all stages of development. The company has been ranked number one in global M&A volume for 11 consecutive years, according to Merger market.

DLA Piper Global Technology Lawyers work in all practice areas and offices to help technology clients – from startups to fast-growing and mid-growth companies to mature global companies – doing business around the world.

About DLA Piper
DLA Piper is a global law firm with attorneys located in over 40 countries across the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world. In some jurisdictions, this information may be viewed as a lawyer advertising. dlapiper.com

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