General Atlantic in talks to buy UK’s Learning Technologies

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US private equity investor General Atlantic has made an offer to buy London-listed Learning Technologies Group for more than £800mn, according to people with knowledge of the matter.

General Atlantic has offered about £1 per share for Learning Technologies, these people said, adding that there is no guarantee a deal will be reached. The people added that other private equity groups had also been looking at the company as a possible acquisition target.

Shares in LTG jumped 18 per cent to 88p on news of the approach.

London-based Learning Technologies provides workplace digital training for government and corporate clients. The company generated around £250mn in revenue in the first half of this year, a 12 per cent decrease from the same time last year. It posted about £43mn of adjusted earnings before interest and tax over the same period.

Jonathan Satchell, chief executive of LTG, has been with the company for 10 years and Andrew Brode serves as its non-executive chair.

Learning Technologies Group did not immediately respond to a request for comment. General Atlantic declined to comment.

This is a developing story