Sanoma Oyj completed the acquisition of K12 learning content business for an enterprise value of 190 million from Pearson plc.
J.P. Morgan SE acted as financial advisor to Sanoma Oyj in this deal. Christoph Nawroth, Moritz Kunz, Ina vom Feld, Sven Wortberg of Herbert Smith Freehills Germany, Gavin Davies, Veronica Roberts, Isaac Zailer, Christine Young, Paul Ellerman, Jonathan Turnbull of Herbert Smith Freehills United kingdom, Aaron White of Herbert Smith Freehills Australia, Francesca Morra and Pietro Pouché of Herbert Smith Freehills Italy acted as legal advisor to Pearson plc. LCA Studio Legale acted as legal advisor to Pearson plc. From Amsterdam lead by Gregory Crookes and Rona Nisar, and the core team consisted of Luc van Oosterhout, Olivia Higgs, Shaun Campbell (Corporate), Orsolya Gondos, Jaap Tempelman, Andrei Mikes, Tamlin Higgins (TMT), Michiel Sunderman and Alec Sanderson (Tax) in Amsterdam, Umberto Penco Salvi, Amedeo Sciolari and Dario Carnazza (Corporate M&A) in Milan and Margret Bootz-Hagen (Corporate) in Frankfurt. The wider team consisted of Yvo van Bijsterveld (Corporate), Frans Muller and Jurre Jurriëns (Antitrust) in Amsterdam, Claudia Milbradt, Nicolas Hohn-Hein (IP) and Cord Freiherr von Mandelsloh (Tax) in Düsseldorf, Jörg Rhiel, Michael Nellen, Natalie Hemberger (Corporate), Olaf Mertgen (Tax), Stefan Simon, Ulrike Breidenstein (Employment), Philipp Stoecker and Ahmad Zaheri (Real Estate) in Frankfurt, Simonetta Candela, Marina Mobiglia (Employment), Luca Fulgido, Sara Bettoni, Greta Bilotta (Corporate), Andrea Tuninetti Ferrari, Ludovica D'Alberti, Andrea Sgrilli, Mario Martignago (Tax), Andrea Andolina and Giovanni Minucci (L&DR) in Milan, Luciano Di Via, Antonio Mirabile, Eleonora Zappalorto, Luca Borin and Alessandra Oliva (Antitrust) in Rome and Jemma Dick, Nicola Hemsley and Eli Bursky (Tax) in London of Clifford Chance acted as legal advisors to Sanoma in the transaction.
Sanoma Oyj (HLSE:SAA1V) completed the acquisition of K12 learning content business for an enterprise value of 190 million from Pearson plc (LSE:PSON) on August 31, 2022.