Buy-Out of E-Learning Business Will Help It Take On New Opportunities ; Management Takeover Given Support of Cardiff Companies

Summary

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CARDIFF-BASED WestBridge Fund Managers has led on the management buy-out of e-learning business e2train.

Other funding on the MBO of the Gloucester-based company has come from the team itself and debt finance from the Royal Bank of Scotland. The value of the deal is not being disclosed, following which WestBridge has taken a 31% equity stake in the business.

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Extract

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Buy-Out of E-Learning Business Will Help It Take On New Opportunities ; Management Takeover Given Support of Cardiff Companies

The software business is a provider of learning and performance management systems, which help large enterprises deliver e-learning to its employee...

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