Approximately 97.7% of the votes cast at the meeting, representing approximately 71.5% of Churchill II’s outstanding shares, voted to approve the business combination.
The transaction is now expected to close on June 11 with with the combined entity’s shares commencing trading on the New York Stock Exchange under the symbol “SKIL” on June 14. Following the closing, the combined company is expecting to promptly complete its planned acquisition of IT leader Global Knowledge Training LLC to create a global leader in corporate digital learning.
The parties initially announced the $1.3 billion deal all the way back on October 13 of last year. The only older deal announcement that is still unclosed is Stable Road and Momentus, which is older by just a week. However, Momentus had complicated reasons to hold off having been founded by Russian exile Mikhail Kokorich, which led to national security concerns. Skillsoft delivers digital learning, training, and talent solutions for organizations through immersive, and engaging content.
- Citigroup and Tyton Partners served as financial advisors to Churchill.
- Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Churchill.
- Citigroup acted as Sole Bookrunner for Churchill Capital II’s initial public offering, and B. Riley FBR acted as co-manager.
- Weil, Gotshal & Manges LLP served as legal counsel to Skillsoft.
- Houlihan Lokey Capital, Inc. served as financial advisor to Skillsoft.
- Lazard and Three Keys served as financial advisors to Global Knowledge.
- Sullivan & Cromwell LLP served as legal counsel to Global Knowledge