Edinburgh based e-learning firm GOODPRACTICE, which provides learning and performance support tools, is selling to Yorkshire-based Emerald Global Publishing Group for an undisclosed sum.
The UK learning and development market is worth an estimated £7 billion, with GoodPractice currently supporting 2 million leaders and managers globally.
The group was approached by international publishing group Emerald Global which was seeking to grow its business in the professional learning and development sector. Emerald overall provides a range of complementary publishing services including a portfolio of more than 290 journals and over 2,500 books and series volumes.
GoodPractice CEO PETER CASEBOW, said, “We were not looking to sell the business at this stage, but after a year in which we exceeded all of our targets, we were approached by the Group with an interest in acquiring the company. The offer they made was good for our people, our customers and our shareholders. It quickly became clear this deal was the right move at the right time for GoodPractice, and I’m delighted to see it go through.”
GoodPractice becomes a wholly owned subsidiary of the Emerald Global Publishing but will retain its brand identity. The core team will remain and will be complemented by new directors RICHARD BEVAN (Chairman), SIMON COX (Finance Director) and CHRIS KEENAN (Business Development Director) from EGPG.
The shareholders of GoodPractice were advised by Andrew Ewing of Johnston Carmichael LLP and Sandy Finlayson & Kenny Mumford of MBM Commercial LLP