M&A Deal Summary

Churchill Equity Acquires Global Knowledge

On November 10, 2020, private equity firm Churchill Equity acquired information technology company Global Knowledge from Rhône Group for 233M USD

Acquisition Highlights
  • This is Churchill Equity’s 1st transaction in the Information Technology sector.
  • This is Churchill Equity’s largest (disclosed) transaction.
  • This is Churchill Equity’s 19th transaction in the United States.
  • This is Churchill Equity’s 1st transaction in North Carolina.
Investment Fate
  • Global Knowledge merged with another company in 2021.

M&A Deal Summary

Date 2020-11-10
Target Global Knowledge
Sector Information Technology
Buyer(s) Churchill Equity
Sellers(s) Rhône Group
Deal Type Secondary Buyout
Deal Value 233M USD
Advisor(s) Lazard Ltd.
Three Keys Capital Advisors LLC (Financial)

Target

Global Knowledge

Cary, North Carolina, United States
Global Knowledge is a world leader in technical skills training, supporting major enterprises and IT professionals with innovative and flexible learning solutions and offering authorized content from major technology providers. Global Knowledge delivers training in multiple modalities, both on-demand and instructor-led through virtual delivery and classrooms, blended formats, and customized on-site training, directly and through a worldwide partner network. Global Knowledge was founded in 1995 and is based in Cary, North Carolina.

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Buyer(S) 1

Buyer

Churchill Equity


Category Private Equity Firm
Founded 1987
PE ASSETS 430M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 19 of 19
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 2 of 2
State (North Carolina) 1 of 1
Country (United States) 19 of 19
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Cal Quality Electronics

Santa Ana, California, United States

Cal Quality Electronics, Inc. is a provider of manufacturing solutions including engineering, DFM, DFT, and high mix / high volume PCB assembly.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-28 Global Knowledge

Cary, North Carolina, United States

Global Knowledge is a world leader in technical skills training, supporting major enterprises and IT professionals with innovative and flexible learning solutions and offering authorized content from major technology providers. Global Knowledge delivers training in multiple modalities, both on-demand and instructor-led through virtual delivery and classrooms, blended formats, and customized on-site training, directly and through a worldwide partner network. Global Knowledge was founded in 1995 and is based in Cary, North Carolina.

Sell -

Seller(S) 1

SELLER

Rhône Group

New York, New York, United States

Category Private Equity Firm
Founded 1996
PE ASSETS 8.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Rhône Group is a private equity and financial advisory firm focused on large-scale buyouts across North America and Western Europe. Areas of interest include energy, materials, industrials, retail, consumer products, healthcare, and financial services. Rhône was formed in 1995 and has offices in New York, Paris, and London.


DEAL STATS #
Overall 16 of 17
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 5 of 6
State (North Carolina) 1 of 1
Country (United States) 6 of 7
Year (2020) 2 of 2
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 Illy

Trieste, Italy

Illy is a producer and supplier of premium quality coffee and one of the most recognized brands in the global coffee industry. The company has a global footprint, generating sales in more than 140 countries, with the majority in Europe and with meaningful presence in North America and Asia. The company operates two roasting facilities, in Trieste and Milan, and supplies a broad suite of Illy-branded high-end coffee products, including roasted coffee beans for use in professional coffee machines at bars and retail outlets, roast and ground confections, and portioned coffee for home and office consumption, as well as coffee machines, capturing virtually all on-premise and off-premise consumption occasions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Wahoo

Atlanta, Georgia, United States

Wahoo provides a full ecosystem of sensors and devices for runners, cyclists, and general fitness enthusiasts. Wahoo’s products include the KICKR family of smart indoor riding equipment and accessories, the ELEMNT family of GPS devices and sport watches, the TICKR family of heart rate monitors, as well as Speedplay dual-sided pedals and the SUF structured training app to help you become the most complete athlete. Wahoo was founded in 2009 and is based in Atlanta, Georgia.

Buy -