Leading law firm Birketts has advised the shareholders of PSI Services (UK) Ltd on its purchase of learndirect’s eAssessment business. The financial value of the deal was undisclosed.
Learndirect is recognised as one of the UK’s foremost online learning providers and this acquisition marks the latest phase in PSI’s continued rapid growth in the UK and EMEA.
Under the deal, PSI, which has its International headquarters in Cambridgeshire, will take over learndirect’s UK test centre network, technology and call centre along with all associated staff. PSI will also take over full management responsibility for the delivery of two extremely high profile key government programmes, including delivery of the British Citizenship Test, that PSI now deliver on behalf of the Home Office.
Birketts advised on all legal matters with James Allen leading Birketts’ Corporate Team and assistance being provided by Corinne Spencer. Further legal advice was provided by the Tax, Employment and Property Teams at Birketts.
Janet Garcia, President of PSI’s International division, commented “The quality and professionalism that we received from the legal teams at Birketts was exemplary. This was a complex deal that needed to turnaround in a compressed timeframe. This transaction required us to utilise their expertise across a number of specialisms, and it was incredibly useful to have those co-ordinated so efficiently. I am grateful to James and Corinne for the commitment and sound advice during the process.”
James Allen, Corporate Partner at Birketts, added: “We are delighted to have helped to secure a key acquisition for PSI’s management team and look forward to seeing the firm continue to thrive.”
This article is from the spring 2018 issue of Inside Out, our newsletter for those with an interest in corporate and commercial services. To download the latest issue, please visit the newsletter section of our website.
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