HT2 – Sale of HT2 to Learning Pool
White & Black advised the shareholders of HT2 Limited on the acquisition of the company by Learning Pool, which is backed by the Carlyle Cardinal Ireland (an investment fund sponsored by the Carlyle Group and Cardinal Capital Group).
Stephen and the team provided insight, guidance and support throughout the whole investment and acquisition process which helped greatly towards a highly satisfactory outcome.
Alan Betts, Chairman of HT2 Labs
HT2 is recognised as a true pioneer in learning technologies, with a reputation for creating leading-edge learning solutions which incorporate modern technology to deliver innovative business outcomes. HT2 has more than twelve thousand installations of its solution, Learning Locker, making it the world’s most-installed Learning Record Store. It’s Curatr Learning Experience Platform (LXP) was awarded “gold” for “Best Advance in Social Learning” in the Brandon Hall Group Excellence Awards in 2018. This award recognizes achievements in the performance improvement industry, giving organizations the opportunity to be internationally recognized for leading practices that have impacted business objectives and performance. As well as this prestigious award, HT2 more recently received The Queen’s Award for Enterprise.
Learning Pool provides online training courses for a range of major businesses and public sector organisations. Ben Betts, one of the founders of HT2, will join the executive team at Learning Pool as Chief Product Officer. Learning Pool’s chief executive Paul McElvaney commented, “Our ambition remains to be at the forefront of learning and development innovation, by bringing HT2 Labs into the Learning Pool Group, we’re positioning ourselves to fully deliver on that.”
The White & Black Team was led by partner Stephen Silvester who commented “we had previously advised HT2 on an earlier investment round and we were delighted to work with the senior management team again on this transaction which will take the combined business to the next stage in its development”.