Moore Kingston Smith advises on acquisition of online education provider

23 March 2021 / Insight posted in Articles

Queen’s Park Equity appointed us to provide financial and taxation due diligence on a bolt-on acquisition by one of its portfolio companies, Learndirect, a UK provider of online education courses.

The target, i-to-i, provides online courses in teaching English as a foreign language.

Our corporate finance and corporate tax teams compiled in-depth reports that focused on i-to-i’s recent and expected growth in online course provision. Our teams also provided transaction advice on the price adjustments to the consideration and assisted in the review of financial and tax warranties.

The acquisition will extend Learndirect’s existing portfolio in this sector and provides a strong base for the group to continue to grow online education in the UK and internationally.

Miles Doolittle from QPE’s investment team said “i-to-i’s focus on learner outcomes and quality resonate strongly with Learndirect’s core culture and values leading to a strong partnership. Moore Kingston Smith’s support was integral to facilitating the transaction over a tight timeline, with detailed yet concise reports and timely ad hoc support no matter the hour”.

If you are considering making an acquisition and need assistance, please contact us.