General Atlantic Announces Recommended Offer for Learning Technologies Group

Paul, Weiss is advising General Atlantic and certain of its managed funds, including Atlantic Park, in its recommended offer for Learning Technologies Group plc, a leader in the learning and talent development market. The transaction values Learning Technologies Group at approximately £804 million (approximately $1 billion).

Under the terms of the transaction, Learning Technologies Group shareholders will receive 100 pence in cash for each share held. As an alternative to the cash offer, eligible shareholders will be entitled to receive certain unlisted securities in General Atlantic’s acquisition entity. The transaction is expected to close in the first quarter of 2025, subject to shareholder and regulatory approvals.

The Paul, Weiss team is led by corporate partners Dan Schuster-Woldan, Matthew Hearn and Matthew Abbott together with finance partners Neel Sachdev, Eric Wedel, Kanesh Balasubramaniam and Matthew Leist; antitrust partner Nicole Kar; tax partners Lindsay Parks and Cian O’Connor; and intellectual property partner John Patten.