Osborne Clarke advises RM plc on the £53.5 million sale of its TTS business

International legal practice Osborne Clarke has advised RM plc, a leading global educational technology, digital learning and assessment solution provider, on the sale of its subsidiary RM Educational Resources Limited, the operator of the Group's TTS business, to Eduviva Group AB for a total enterprise value of up to £53.5 million.

TTS designs, develops and creates innovative, curriculum-aligned educational resources that make learning engaging, inclusive and hands-on. Headquartered in Nottingham, TTS supplies UK schools and institutions as well as customers overseas, including in the United Arab Emirates. The disposal aligns with long-standing client RM's strategy to simplify its business, reduce net debt, and focus on its continuing group as a pure-play EdTech business.

This transaction demonstrates Osborne Clarke’s strength in supporting clients on strategic M&A and helping RM plc deliver a key milestone in its transformation plans. It also highlights the depth of our corporate offering where we regularly advise on high-value, complex transactions that enable clients to focus on their core growth businesses.

This announcement is yet another important milestone in the transformation of RM plc. The sale of TTS will simplify our business, significantly reduce RM’s net debt position, enabling us to capitalise on the high growth, global opportunities in digital assessment and to enhance our educational IT services business.

Mark Cook, Chief Executive, RM plc.

RM were delighted to work again with Osborne Clarke as our trusted advisers for this pivotal sale.  Jon and his team were pragmatic and commercial.  They did a great job of bringing together advice from across the firm to give us clear, joined-up support on what was a complex carve out transaction.

Charles Hopper, General Counsel, RM plc.

It has been a pleasure to support the RM team again through this significant milestone in the transformation of the Group. We wish them every success as they focus on the exciting growth opportunities ahead in digital assessment

Jonathan King, Partner, Osborne Clarke.

The Osborne Clarke team was led by partner Jonathan King, supported by associate director Chris Benjamin, senior associates Oliver Woods and Jasmine Khag, and associate Jamie Malyon (Corporate), partner Brent Wright and legal director Jo Taylor (Pensions), associate director Dan Parkes (Commercial), and partner Tom Bussy and associate Sarah Yeo (Banking).