European tech investor Tenzing has announced its investment in Totara Learning Solutions, a leading international provider of highly configurable learning management system (LMS) software to enterprises worldwide. Prior to Tenzing, Australian private equity firm, Five V Capital was a cornerstone investor in Totara, partnering with its founder, Richard Wyles.
Totara is the driving force behind talent development for thousands of customers, reaching an impressive user base of around 20 million individuals across 140 countries. The business employs over 100 people in offices in the UK, New Zealand and USA.
International law firm Osborne Clarke advised Tenzing on the investment. The team was led by corporate & private equity partner Pippa Byrne and included senior associate Lottie France, associate Harshna Patel, tax partner David Nisbet and senior associate Jonny Squires, banking associate director James Hunt, incentives partner Michael Carter, senior associate Stuart Rose and employment associate Zoe Marks. Tom Gillespie at law firm Russell McVeagh provided New Zealand local law advice.
Totara is one of seventeen businesses within the Tenzing portfolio. Tenzing was also advised on the investment EY (Buyside), EYP (Commercial), Deloitte (Financial), Baringa (Product) and Intechnica (Technology).
Totara was advised by DLA Piper (Legal), Houlihan Lokey (M&A), PwC (Financial & Tax), and CTO Labs (Technology).
Osborne Clarke’s Private Equity team is considered a go-to practice for many companies in the technology sector, working with clients ranging from global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.