Learning Technologies Group turns to Leeds' DWF team to facilitate £54m technology takeover

Lawyers from the Leeds office of legal business DWF has advised Learning Technologies Group plc (LTG) on the proposed £54m cash offer to takeover AIM-listed NetDimensions.

The offer proposed by LTG, which is an e-learning services and technology provider, is being funded by a £46.5m placing alongside debt facilities provided by Barclays and LTG’s chairman Andrew Brode.

The takeover will see NetDimensions’ mainly blue chip client base across operations in 40 countries, principally in UK, Hong Kong, USA and Germany, transfer to LTG.

DWF’s Leeds-based team, led by corporate partner Lester Wilson with support from banking partner Chris Ramage and tax partner John Toon, advised LTG on the placing, offer and debt facilities.

Corporate partner Lester Wilson said: “We’ve worked with LTG since its introduction to AIM in 2013.

“This is its fifth acquisition since then and should prove transformational for the group. It was a demanding transaction delivered against a challenging timetable.

“We very much look forward to helping LTG integrate NetDimensions.”

Peter Steel of Panmure Gordon’s Leeds office advised NetDimensions.