Sale of Skill Pill
We acted as lead adviser to our client, Skill Pill Limited, on the sale of the digital micro-learning company to Aliter Capital LLP
What we did
Our advisers helped the owners find a strategic buyer for the business to enable Skill Skill’s range of high-quality learning content to grow further in tandem with Aliter’s existing education portfolio companies which included Sponge and Bolt. The PEM Corporate Finance team supported the vendors throughout the sale process from initial contacts through negotiation to managing the data room and completion process.
Company background
Skill Pill is a digital micro-learning specialist which produces high-quality video, animation, and gamified eLearning content. The company has a particular strength in business performance support, leadership, management, sales, and personal effectiveness training. Skill Pill modules serve over 1 million learners in 168 countries around the globe. Its customers include the BBC, Fujitsu, John Lewis/Waitrose, 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.
What was special?
Owing to the restrictions on movement because of the Covid-19 pandemic, our transaction team ran the entire M&A process using technology.
Deal structure
Aliter Capital acquired 100% of the share capital.
Please note that this content is not intended to give specific technical advice. It is designed to highlight some of the key changes rather than provide an exhaustive explanation of the topics. Professional advice should always be sought before action is either taken or refrained from as a result of information contained herein.