The Riverside Company, a global private equity firm, has added Atlas Knowledge (Atlas) to its Mintra Group platform. This is the second add-on for Mintra since Riverside’s 2014 investment in the company.
Headquartered in Aberdeen, Scotland, Atlas provides digital learning solutions for safety critical industries, primarily for the oil and gas sector. The company offers e-learning courses as well as a learning management system and a competence assurance management system that is sold globally.
“The acquisition of Atlas creates a powerful leader in the global oil and gas e-learning market,” says Riverside Managing Partner Antonio Cabral. “Atlas brings a strong customer base and access to countries Mintra does not currently serve, offering a compelling value proposition for customers and distributors.”
This add-on further enhances Mintra’s position as a proprietary e-learning platform provider to oil and gas companies next to its HR solutions around competency management, crew rotation planning and payroll. In addition to new customers and geographies, the merger with Atlas provides access to new industry verticals.
“This transaction allows us to even more effectively leverage our extensive e-learning library and HR solution to better service our combined client base,” said Mintra Group CEO Scott Kerr. “We are confident that Riverside’s expertise and Atlas’ operations will help Mintra expand its presence with partners worldwide and broaden our scope for further revenue generation.”
This new investment is a further example of Riverside’s extensive experience within its Education & Training and Software & IT industry specialisations.
“Atlas and Mintra are both well established in the oil and gas industry,” says Riverside Vice President Jeroen Lenssen. “By combining these two industry leaders, we have clearly created a powerhouse in the e-learning oil and gas market.”
Working with Cabral and Lenssen on the deal were Riverside Associate Dan Parksjö and Senior Finance Executive Bernd Starrock. Lars Eriksson helped source this add-on.
Addleshaw Goddard, Advocatenkantoor Parmentier and BDO advised Mintra and Riverside on the investment. Houlihan Lokey and Dickson Minto advised sellers and Atlas.
