PS - Skillsoft emerges strong from bankruptcy; to go public via SPAC acquisition

Post emerging from chapter 11 bankruptcy and financial restructuring in August, Skillsoft, digital learning and talent management software company, plans to go public through an acquisition by blank-check company Churchill Capital Corp II (CCX.U), in a transaction worth ~$1.3B.Corporate learning market is large, growing and fragmented with no other digital learning business with >$500M of revenue:Skillsoft, also known as Software Luxembourg Holding, is a private equity-backed publisher of training software for businesses; had filed for bankruptcy in June amid pandemic.The combined entity, to be named Skillsoft, will then acquire Global Knowledge Training, an IT and professional skills company, for $233M; to trade on NYSE.Global Knowledge's estimated digital revenue is seen at $133M in FY20 and $174M in FY21, compared to reported $112M in FY19.New Skillsoft will be industry leader in size, content and impact with ownership structure as Churchill (~64%), Skillsoft (~22%) and PIPE (~13%).Both the deals, combined transaction valuation of $15B, expected

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Skillsoft emerges strong from bankruptcy; to go public via SPAC acquisition