PwC Legal advises Learnship on the acquisition of a majority stake by THI Investments

Nuremberg, 23 February 2018

PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided comprehensive legal advice to Learnship Networks GmbH and the majority of its shareholders on the sale of their shares to THI Investments GmbH. As part of the transaction THI Investments GmbH also invested €10 million in the company. Shareholders of the Cologne-based company include, amongst others, its founding shareholders Sushel Bijganath and Thomas Sonntag. Already in the past KfW, NRW.BANK, BDMI GmbH, Wecken & Cie. (limited partnership), DME Invest GmbH & Co. KG and Cartus Corporation have invested in the startup.

Founded in 2008, Learnship Networks GmbH is one of the leading providers of online foreign language training for companies. The edutech startup intends to use the additional capital to expand its presence in the international market. Currently it works for more than 2,000 companies from 75 countries.

THI Investments GmbH is a German family office, which was established in 2016. The company purpose is investing in a diversified portfolio of financial and company assets and grow them over long term.

Advisors to Learnship Networks GmbH and its shareholders (except for Cartus Corporation):

PwC Legal (Nuremberg):

Gerhard Wacker (Lead, Corporate / M&A) and Klara Körber and Raffael Cammareri (all Corporate / M&A)

Advisors to Cartus Corporation:

Watson Farley & Williams LLP (Frankfurt):

Dr. Christoph Naumann (Lead, Corporate)

Advisors to THI Investments GmbH:

P+P Pöllath + Partners Rechtsanwälte und Steuerberater mbB (Munich):

Dr. Michael Inhester (Lead, M&A / Private Equity / Venture Capital / Corporate / Tax) and Dr. Roman Stenzel (M&A / Private Equity / Venture Capital / Corporate / Tax)

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