Skillsoft Announces Sale of Global Knowledge Business to Enduring Ventures
Skillsoft has entered a definitive agreement to sell its Global Knowledge instructor-led training business to an affiliate of Enduring Ventures. The total consideration is $20 million, comprised of $10 million in initial consideration and $10 million in deferred payments, with the initial portion funded by a seller note and cash.
Key figures
- Deal Value Usd
- 20000000
- Initial consideration
- 10000000
- Seller note principal
- 10000000
- Deferred consideration
- 10000000
- Seller note extension amount
- 2000000
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