Skill Pill’s micro-learning content and blue-chip customer base is highly complementary to Aliter’s existing digital learning group.
Skill Pill has a particular strength in business performance support, leadership, management, sales and personal effectiveness training. It has a library of 500 modules and serves over one million learners in over 168 countries with customers such as the BBC, Fujitsu, John Lewis Partnership, Save the Children, and the NHS. Its learning is based on globally recognised methodologies published by leading organisations such as Pearson and the Financial Times. PEM Corporate Finance acted as lead adviser to the vendors.
Aliter Capital LLP is a specialist UK support services investor which focuses on small and mid-sized businesses in the UK support services sector, a market valued at over £300 billion. Aliter brought together Sponge and Bolt in 2019 with the vision of creating a major new force in the growing learning technologies market.
Gerry Griffin, Founder and Managing Director of Skill Pill said:
“We are excited at the prospect of working with Aliter and becoming part of a group with Sponge, allowing us to expand Skill Pill’s range further to create a dominant offer in quality, international digital learning. I’m grateful to Lake Falconer and the exemplary team at PEM Corporate Finance. They introduced us to the buyer and were there to support and reassure us every step along the way”.
Lake Falconer, Partner at PEM Corporate Finance added:
“We’re pleased to have helped Gerry and Bronagh to find a strategic buyer to build on Skill Pill’s undoubted strengths in the digital learning market. To go from first meeting just before the March lockdown to completion in early November is a great example of using technology to run an efficient M&A process despite the current situation.”
Legal advice to the vendor was provided by Simon Lewis of Brabners LLP.