The acquisition will proceed under a court-approved scheme of arrangement, as stipulated by Part 26 of the U.K.’s Companies Act 2006. Completion is anticipated in the first quarter of 2025, contingent upon approval from at least 75% of LTG shareholders.
Legal and Financial Advisors
General Atlantic is advised by Paul Weiss Rifkind Wharton & Garrison LLP, with financial guidance provided by PJT Partners and HSBC Bank. Meanwhile, DLA Piper is representing LTG, with a team led by partner Charles Cook, alongside several key colleagues. Goldman Sachs and Deutsche Numis serve as LTG’s joint corporate brokers and financial advisers.
Strategic Goals and Market Outlook
Gil Badart, a principal at General Atlantic, emphasized the firm’s intent to leverage its expertise to foster LTG’s growth. “We will deliver a sustainable capital structure to LTG to best support the company in accelerating its strategy and enhancing its position across core markets,” he stated.
LTG, which serves over 6,000 organizations worldwide with its 5,000-strong workforce, is poised to benefit from growing corporate training demands, including adapting to AI-driven workplace transformations.
