Beringea-managed ProVen VCT's portfolio company Espresso Group has agreed with Channel 4 to merge Channel 4 Learning into its portfolio of businesses. The transaction is subject to Espresso shareholder approval and is expected to complete before Easter. Channel 4 Learning will join Espresso Education, Netmedia Education and Education Media Delivery as part of the Espresso Group. The acquired business will be merged with Espresso Education to provide video-rich curriculum services to primary and secondary schools in the UK and abroad.
All five lawyers have joined from Clifford Chance and will focus on mandates for private equity firms
Deal is part of a buy-and-build strategy pursued by the GP to strengthen Italcanditi's market position
Tavola already owns Frische und Service's Swiss market peer Ceposa, which it acquired in 2018
Company has raised $9m in total at the series-A stage, from new and existing investors