M&A Deal Summary

Leeds Equity Partners Acquires Learnosity

On January 16, 2025, private equity firm Leeds Equity Partners acquired internet software and services company Learnosity from Battery Ventures

Acquisition Highlights
  • This is Leeds Equity Partners’ 4th transaction in the Internet Software and Services sector.
  • This is Leeds Equity Partners’ 1st transaction in Ireland.

M&A Deal Summary

Date 2025-01-16
Target Learnosity
Sector Internet Software and Services
Buyer(s) Leeds Equity Partners
Sellers(s) Battery Ventures
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking (Financial)
Cooley
Wallace Corporate Counsel (Legal)

Target

Learnosity

Dublin, Ireland
Learnosity is a provider of digital assessment authoring, delivery, analytics, and accessibility software solutions to learning organizations in K-12, higher education, corporate learning and development, government, and professional certification and licensure end markets. Learnosity was founded in 2007 and is based in Dublin, Ireland.

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Buyer(S) 1

Buyer

Leeds Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 4.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Leeds Equity Partners is a specialist private equity firm that targets investments in middle-market companies operating in knowledge industries. Specific areas of interest include education (K-12, postsecondary, at-risk/special education, instruction materials, testing), training (corporate training, professional certification/continuing education, language training), and information/business services (b2b publishing, information databases/research, tradeshows/conferences, business process outsourcing, consulting, staffing, marketing). Leeds prefers investing in established companies that are leaders in their respective markets. Leeds Equity Partners was formed in 1993 and is based in New York, New York.


DEAL STATS #
Overall 43 of 43
Sector: Internet Software and Services M&A 4 of 4
Type: Secondary Buyout M&A Deals 9 of 9
Country: Ireland M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-28 Archer Review

Austin, Texas, United States

Archer Review provides medical and nursing exam preparation resources, dedicated to empowering nursing professionals at every stage of their academic and professional journey. With a comprehensive suite of study materials, expert tutoring, and personalized support, the company helps students achieve their goals and succeed in their healthcare careers. Archer Review is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.


DEAL STATS #
Overall 65 of 67
Sector: Internet Software and Services M&A 14 of 15
Type: Secondary Buyout M&A Deals 10 of 11
Country: Ireland M&A 1 of 1
Year: 2025 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-06 RetailNext

San Jose, California, United States

RetailNext is a vertical IoT platform to bring e-commerce-style shopper analytics to brick-and-mortar stores, brands, and malls. The platform automatically collects and analyzes shopper behavior data through its centralized SaaS solution, enabling retailers to enhance real-time experiences and drive better outcomes. The company helps businesses better understand the shopper journey to increase same-store sales, reduce theft, and eliminate unnecessary costs. RetailNext is headquartered in Campbell, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-06 PPT Holdings

Halifax, United Kingdom

PPT Holdings (PPT) is a multi-national holding company that designs and manufactures physical property testing instrumentation focused on a wide range of end markets and applications. Each brand within PPT represents a category leader in their specific testing niche. PPT Holdings is based in Halifax, United Kingdom.

Sell -