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Private equity firms to acquire SkillSoft for USD1.1bn

SkillSoft, a Dublin-based e-learning software provider, has agreed to be acquired by a group of private equity firms for USD1.1bn.

Berkshire Partners, Advent International and Bain Capital Partners will pay USD10.80 per share in cash to SkillSoft shareholders, representing a premium of 11 per cent to SkillSoft’s closing share price on Thursday.

SkillSoft will continue to be headquartered in Dublin and led by its current management team, including Chuck Moran as chief executive.

Moran says the deal is good for shareholders and represents "an attractive premium relative to our trading history".

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