Skill Pill Limited, a digital micro-learning specialist which produces high-quality video, animation, and gamified eLearning content, is pleased to announce the sale of the company to Aliter Capital LLP. PEM Corporate Finance acted as lead adviser to the vendors.
Skill Pill’s micro-learning content and blue-chip customer base is highly complementary to Aliter’s existing digital learning group, which includes Sponge and Bolt.
Skill Pill has a particular strength in business performance support, leadership, management, sales and personal effectiveness training. It has a library of 500 modules and serves over 1 million learners in over 168 countries with customers such as the BBC, Fujitsu, John Lewis/Waitrose, Save the Children, and the NHS. Its learning is based on globally recognised methodologies published by leading organisations such as Pearson and the Financial Times.
Aliter Capital LLP is a specialist UK support services investor which focuses on small and mid-sized businesses in the UK support services sector, a market valued at over £300 billion. Its approach differs from traditional private equity models by making only a limited number of selective portfolio investments to deliver dedicated hands-on support. Aliter brought together Sponge and Bolt in 2019 with the vision of creating a major new force in the growing learning technologies market.
Gerry Griffin, Founder and Managing Director of Skill Pill said:
“We are excited at the prospect of working with Aliter and becoming part of a group with Sponge, allowing us to expand Skill Pill’s range further to create a dominant offer in quality, international digital learning. I’m grateful to Lake Falconer and the exemplary team at PEM Corporate Finance. They introduced us to the buyer and were there to support and reassure us every step along the way”.
Billy Allan, Chairman of Sponge and Managing Partner of Aliter said:
“We are very pleased with the progress that has been made on the strategic plan for our existing group. The addition of Skill Pill will significantly add to the subscription-based ‘off-the-shelf’ content sales and further strengthen our customer base, including new blue-chip corporate and channel partner relationships.”
Legal advice to the vendor was provided by Simon Lewis of Brabners LLP.
For more information, please contact Shaun Nichols, Marketing Co-ordinator at PEM Corporate Finance, on 01223 728 280 or shaun@pemcf.com.