Piper Alderman (Sydney, Australia) recently advised on the sale of Adelaide based e3Learning, a multi-award winning web learning services provider, to Open Universities Australia.
Partner Craig Yeung, with support from associate Jarrod Wilksch, advised on all aspects of the transaction from its conception through to completion including pre-sale matters, due diligence, data room management and documentation of the sale. Working closely with the client's corporate advisors, Piper Alderman successfully brought about the desired result for our client and the purchaser.
Craig Yeung said the successful sale was another example of his team’s skills and expertise in working with entrepreneurial high growth companies and assisting them to realise value.
“It is always very rewarding to assist a long term client successfully complete a transaction after years of hard work and growth. The transaction was a great example of how to execute a deal in a tough market and it was a great result for all involved.”
e3Learning is a leading corporate web learning services provider with close to 250 corporate customers from a wide range of industries across Australia, the United Kingdom and New Zealand.
The company employs more than 70 staff with the majority located in Australia.The company made the BRW Fast 100 in 2012, was named in the Deloitte Technology Fast 50 in both 2011 and 2012, and won the Business SA 2012 export award. It has also won numerous training excellence awards including at the Australian Institute of Training and Development (AITD) National Training Excellence Awards 2011 and the LearnX Asia Pacific 2011 E-Learning and Training Awards.
