This record is sourced from an 8-K exhibit (Exhibit 99.1) filed by Skillsoft Corp. with the SEC on April 5, 2022, containing the company's press release. The filing describes the transaction as already completed as of the announcement date, with Codecademy's founder and CEO, Zach Sims, joining Skillsoft's executive leadership team.
Barclays served as Skillsoft's financial advisor on the acquisition, with the release stating plainly: "Barclays served as the exclusive financial advisor to Skillsoft." Citigroup served in a separate, narrower capacity as capital markets advisor to Skillsoft on the same transaction. No financial advisor to Codecademy (the seller) is named in this release.
On the legal side, Weil, Gotshal & Manges LLP served as legal counsel to Skillsoft. No legal advisor to Codecademy is disclosed.
Beyond the advisor disclosures, the release provides limited transaction structure detail: it describes the deal as already closed, creating a combined learner community of more than 90 million, and expected to let Skillsoft begin offering an integrated enterprise solution to customers "in the coming weeks." No information is given about cash versus stock consideration, deal value, or financing sources.
Not disclosed in this exhibit: the purchase price or any valuation multiple for the Codecademy acquisition, the consideration mix (cash, stock, or earnout), any legal or financial advisor representing Codecademy, and a specific closing date beyond the implicit statement that the transaction had already closed as of the April 5, 2022 announcement.