Levine Leichtman Capital Partners Europe (LLCP) has acquired SiPM in partnership with management and its founding partners. Terms of the transaction have not been disclosed.Founded in Belgium, SiPM is a pioneer in high-impact e-learning solutions for blue-chip corporations worldwide. The Company has changed the way their clients train their procurement, supply chain and sales professionals by providing role-specific curriculum and the latest e-learning methods, resulting in maximum impact for employees and organisations. Since its founding, SiPM has rapidly expanded its platform to over 50,000 individuals employed by over 200 blue-chip corporations in over 100 countries worldwide.
David Rajakovich, Managing Director Operations, says: “We welcome LLCP’s extensive experience in corporate education and training, along with its proven track record of supporting entrepreneurs. We are very excited about this next step in the development of our Company and look forward to continuing our mission to provide clients with best-in-class, personalised training programs.”
Thomas Schmitt, Managing Director Sales, adds: “We are excited to join LLCP’s global network and believe their local presence in our core markets will be a critical driver of future growth.”
Raf Verheyden, co-founder, says: “Peter Leyten and I joined forces in 2011 with a vision to radically change the traditional way of up-skilling procurement, supply chain and sales professionals: faster, better and more cost-effective. We are both proud to see the progress we have made since then. With LLCP on board, we are more than confident that the Company has the support it needs to create a further step-change in the growth profile of the business.”
According to Wouter Snoeijers, Managing Director of LLCP, says: “We are thrilled to partner with SiPM. We believe that SiPM is uniquely positioned to support the professional development needs of its global client base and look forward to supporting its continued growth and success.”
LLCP was advised by KPMG (commercial), NautaDutilh (legal) and Deloitte (financial and tax).
The sellers were advised by Lincoln International (M&A), Stibbe (legal) and PwC (financial and tax).
