Macdonald Henderson has advised certain minority shareholder interests in the disposal of Giglets Education to ILT education.
More than 120,000 pupils and 40,000 teachers already use the literacy platform, which was started at school as part of an enterprise project, before being spun out as a digital business from the University of Strathclyde.
The deal follows an extended period of growth for Giglets, which now turns over around £1m each year. It has recently expanded internationally, with a team in Canada serving the North American markets.
The core team of 12, including Craig Johnstone and Jax McGhee, chief product officer and co-founder, will be retained. Chairman and co-founder Karsten Karcher will exit to focus on other interests.
ILT Education is backed by the private equity impact investor Trill Impact.
We are pleased to have advised certain minority shareholder interests of Giglets on this milestone transaction, and wish the combined business, management team and all stakeholders every success for the future.
