• Print
  • Share
Leading UK e-learning group comes to AIM
Nov 08, 2013

Newly renamed Learning Technologies Group plc, today announced the completion of its acquisition of Epic Group Limited and admission to AIM. Epic is a leading international e-learning business and a long standing client of leading national audit, tax and advisory firm Crowe Clark Whitehill. Following the acquisition Epic's management team became directors and major shareholders in the enlarged business.

Epic holds a market leading position in the UK, has international operations in Brazil and North America and provides a range of e-learning solutions to blue-chip clients including Bridgestone, Deloitte, easyJet, Lloyds Banking Group and Pearson. The business has an impressive track record of profits and margin improvement.

As Learning Technologies Group, the new holding company plans to grow both organically and through acquisition in the highly fragmented e-learning space. In the medium term it intends to create a business generating annual revenue of at least £50 million. The Board of the Learning Technologies Group will include Andrew Brode (Chairman of the highly successful AIM business RWS Holdings plc), Harry Hill (former CEO of Countrywide for 20 years) and Jonathan Satchell (CEO of Epic with a track record of growing e-learning businesses).

Crowe Clark Whitehill acted as reporting accountant to the transaction, with its capital markets team led by Stephen Bullock and Mitesh Patelia.

Stephen Bullock, partner at Crowe Clark Whitehill, said:

“We are very pleased to have supported Epic through the transaction as an important client of the firm. E-learning is a fast growing segment and Epic has established itself as a market leader.”

Jonathan Satchell, CEO of Epic, said:

"The capital markets team at Crowe Clark Whitehill contributed to the success of the transaction by delivering efficient and proactive support, advice and commitment throughout.”