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DWF advises on £54m technology takeover

Legal business DWF has advised e-learning services and technology provider Learning Technologies Group plc (LTG) on the proposed recommended cash offer for AIM listed NetDimensions.

LTG's £54m offer for the integrated enterprise talent management software platform is being funded by a £46.5m placing alongside debt facilities provided by Barclays and LTG's chairman Andrew Brode. The takeover will see NetDimensions' mainly blue chip client base across operations in 40 countries, principally in UK, Hong Kong, USA and Germany, transfer to LTG.

DWF's corporate team, led by partners Matthew Doughty and Lester Wilson, advised LTG on the placing, offer and debt facilities.

Matthew Doughty, London's Head of Corporate at DWF, said: "This transaction is a great example of the value that we can add to our clients by combining our London-based public markets expertise and our national coverage in a seamless service. This is the second public M&A deal for DWF in 2017, having recently completed the $310m take private of AIM listed Constellation Healthcare Technologies, Inc."

Corporate partner Lester Wilson commented: "We've worked with LTG since its introduction to AIM in 2013. This is its fifth acquisition since then and should prove transformational for the group. It was a demanding transaction delivered against a challenging timetable.  We very much look forward to helping LTG integrate NetDimensions."

Matthew Doughty

Partner

I am a corporate lawyer with more than 20 years’ experience specialising in mid-market M&A and capital markets transactions for private and publicly owned companies.