Partners Group-backed SPi Global acquires majority stake in LearningMate

Partners Group-backed content technology firm SPi Global has acquired a majority stake in global B2B edtech services enterprise LearningMate for an undisclosed sum, according to a company statement.

The company acquired the majority stake in LearningMate from Helix Investments, a New York-based private equity fund focused on India. Helix, which invested in LearningMate in 2009, will maintain a minority stake in the firm.

Following the transaction, LearningMate will operate independently under its founder and CEO Samudra Sen. LearningMate’s founding team and senior management will continue to remain invested in the company.

Representatives from Partners Group, SPi Global and other independent directors will join the board.

The deal comes at a time when the edtech space is booming with online learning becoming the new normal in the light of the global pandemic situation.

Founded in 2003, LearningMate has nearly 1,000 edtech professionals across the US, India, the UK and Canada.

The company provides services over platform strategy in the K-12, higher education and corporate training sectors. LearningMate has over 250 clients and millions of students and faculty across the globe.

Prior to LearningMate, SPi Global acquired the Indian edtech company e-Knowledge Center for an undisclosed valuation in June 2018. A year later, SPi Global acquired another Indian company Scientific Publishing Services (SPS) from the research and education publisher Springer Nature Group.

SPi Global has its resource pool in eight countries including India, the Philippines, the US, China, Nicaragua, Vietnam, United Kingdom and Singapore.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.