Learning Technologies Group PLC (AIM:LTG, OTC:LTTHF) chief executive Jonathan Satchell talked with Proactive's Stephen Gunnion about the company’s transition to private ownership following its acquisition by private equity group General Atlantic.
Satchell reflected on LTG’s journey from its 2013 listing to its rapid growth, driven by acquisitions and strong investor backing. However, he noted that the last three years brought challenges, including market shifts and a declining share price, which ultimately led to the company’s decision to go private. He emphasised the role of independent board members in determining the deal’s fairness for shareholders, with a substantial premium over the prior stock price.
Discussing the future, Satchell highlighted General Atlantic’s expertise in technology and North America, which aligns well with LTG’s predominantly U.S.-based operations. He acknowledged the potential impact of US policy changes, particularly in diversity and inclusion programs, but remained optimistic about LTG’s growth prospects.
Reflecting on London’s public markets, Satchell expressed mixed emotions, stating, “The public markets have been exceptionally supportive for LTG in the first eight years of its journey, but the environment changed completely.” He urged the London market to regain its confidence and appeal for growth companies.
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