Three Keys Advises on the Sale of Global Knowledge

Rhea-AI Summary

On November 10, 2020, Three Keys Capital Advisors announced it co-advised Global Knowledge Training on its sale to Churchill Capital Corp II (NYSE:CCX.U) for approximately $233 million. This transaction, part of the merger with Skillsoft, aims to create a leading global digital learning company, enhancing content offerings and learning modalities. The advisory was led by prominent figures including David Braunschvig and Gui Silva, emphasizing the strategic nature of this acquisition.

Positive

• Acquisition of Global Knowledge enhances Churchill Capital's portfolio with a leading digital learning provider.
• The merger with Skillsoft aims to establish a strong presence in the global digital learning market.

Negative

• None.

NEW YORK, Nov. 10, 2020 /PRNewswire/ -- Three Keys Capital Advisors, LLC ("Three Keys") is pleased to announce that, together with Lazard Ltd., it has co-advised Global Knowledge Training LLC ("Global Knowledge") on its sale to Churchill Capital Corp II ("Churchill II") (NYSE:CCX.U), a special purpose acquisition vehicle, for approximately $233 million.

The merger of Churchill II with Software Luxembourg Holding S.A. ("Skillsoft") and its acquisition of Global Knowledge were announced on October 13, 2020. The combination of Skillsoft and Global Knowledge will create a leading global digital learning company with a comprehensive suite of content; customized learning journeys; accessible modalities, and an expanded course portfolio of next-generation, on-demand and virtual content for enterprise learning.

This advisory engagement was led by David Braunschvig, Three Keys Senior Advisor based in New York, Gui Silva, Managing Director, Capital Markets based in London UK, and Daniel Harari, a Three Keys founding partner based in New York.

Transaction Press Release 

About Global Knowledge

Global Knowledge is a world-leading technology skills training provider, supporting major enterprises and IT professionals with innovative and flexible learning solutions, including authorized content from major technology providers. Training is delivered in multiple modalities, including digital, virtual and physical classrooms, blended formats and customized on-site training. Both directly and through a worldwide partner network. Global Knowledge has its corporate headquarters in Cary, North Carolina, and a network of international offices and training facilities.

About Three Keys Capital Advisors 

Three Keys is an independent advisory and merchant banking firm, with offices in New York, London and Zurich.

 

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SOURCE Three Keys Capital Advisors, LLC

FAQ

What is the value of the acquisition of Global Knowledge by Churchill Capital Corp II?

The acquisition is valued at approximately $233 million.

When was the merger between Churchill Capital Corp II and Skillsoft announced?

The merger was announced on October 13, 2020.

What does Global Knowledge offer as a training provider?

Global Knowledge provides technology skills training with flexible learning solutions for enterprises and IT professionals.

Who led the advisory team for the Global Knowledge sale?

The advisory was led by David Braunschvig and Gui Silva from Three Keys Capital Advisors.

How does the merger impact Churchill Capital's offerings?

The merger with Global Knowledge and Skillsoft aims to create a comprehensive suite of digital learning content.