Behind this educational giant stand notable shareholders. Among the most prominent is the U.S. equity firm General Atlantic, which is also investing in the acquiring consortium. The team further comprises of Glitrafjord AS, helmed by Kahoot’s leadership, and Kirkbi Invest AS, a legacy from The Lego Group’s founder, Kirk Kristiansen.
Legal Luminaries on the Field
Goldman Sachs has assembled an all-star legal team for this acquisition, roping in White & Case LLP, Advokatfirmaet Wiersholm AS, Sullivan & Cromwell LLP, and Linklaters LLP. On the other side of the aisle, Kirkbi seeks counsel from Advokatfirmaet BAHR AS, Morgan Lewis & Bockius LLP, and Macfarlanes LLP. Meanwhile, Kahoot’s defense is fortified by Advokatfirmaet Thommessen AS.
To spearhead the acquisition, Goldman engineered the formation of Kangaroo BidCo AS, a Norwegian limited liability company.
As the drama unfolds, Kahoot’s board has expressed unanimous favor for the Goldman’s offer, pinning their decision on sound financial advice. However, the ultimate play lies in the hands of Kahoot’s shareholders. To seal the deal, acceptance from over 90% of them is crucial, as per the offer’s fine print.
