July 9, 2021
Mergers and Acquisitions
GCA advises Priveq on the sale of ILT to Trill Impact
GCA has advised Sweden-based Priveq on its sale of leading Ed-Tech player ILT Inläsningstjänst (ILT) to Trill Impact, a PE firm targeting mid-sized companies in Northern Europe.
ILT was founded in Stockholm, Sweden in 1990 and offers digital educational tools for schools and preschools, with a focus on audio and visual-assisted learning solutions for children and students with dyslexia, other cognitive needs or multi-lingual backgrounds.
During Priveq’s ownership, ILT continued its growth journey in Sweden with existing and new product offerings as well as successfully expanding through launches in Finland, Norway, France, Germany and Austria.
Trill Impact will now acquire ILT, with the company fitting in well with their aims of accelerating value creation while contributing to the UN’s Sustainable Development Goals.
Commenting on the transaction, Senai Ayob, Partner and Investment Manager at Priveq, said: “Priveq is very pleased with the development of ILT during its ownership period. The company has worked intensively to drive growth from new products and geographies and we would like to thank all employees, led by CEO Jakob Skogholm, as well as the board members, for their commitment and hard work during this period. We wish the team all the best on the continued growth journey.”
Adding to this, Jakob Skogholm, CEO of ILT, said: "I look forward to welcoming Trill Impact as the new majority owner of ILT where we together can create a true impact leader in Ed-Tech, accelerating our value proposition by measuring learning outcomes of students, increasing customer adoption and strengthening loyalty among our end-users and employees. This, combined with an ambitious growth agenda, makes me very excited about the outlook for the next few years.”
The parties have agreed not to disclose the financial terms of the transaction.
This marks GCA’s 6th EdTech transaction in 2021 and 8th since September 2020, following other successful transactions including: