We have advised EdTech software provider PebblePad on its sale and investment from NorthEdge Capital. The transaction represents the sale of the entire issued share capital of PebblePad to a new company, in which NorthEdge has invested.
Founded in 2004, PebblePad builds software solutions for universities to support them to guide and develop students throughout their tenure at their chosen institution. Its learning platform uniquely integrates ePortfolio, workbook, and assessment tools to support students to record and reflect on their learning experiences from the classroom through to study abroad opportunities and is used by over 130 universities worldwide.
With fresh investment from NorthEdge, PebblePad is poised to deliver its growth strategy, which focuses on scaling its presence in the UK and US and enabling further product development to better serve its higher education institution clients.
Gateley Legal’s team was led by partner and national head of corporate Beth Mather, corporate partner Matt Hussey, corporate senior associate William Bowler and corporate solicitor Joe Girgis. They were supported by a multidisciplinary team across the Nottingham, Birmingham, Leeds and Manchester offices, consisting of legal experts from the banking, commercial and IP, pensions, employment, tax, real estate, regulatory and business defence, and residential development teams. Our team worked alongside Bishopsgate Corporate Finance, who provided corporate finance advice to PebblePad on the transaction.
Beth Mather commented: “We are delighted to have acted for the shareholders of PebblePad on this transaction. This strategic move will allow PebblePad to enhance its position as a leader in educational technology. Fresh investment from NorthEdge, which has a strong track record investing in the technology space, will spark a new phase of international growth for the business moving forward.”
Shane Sutherland, Founder and CEO of PebblePad said: “Partnering with NorthEdge allows us to fast-track our growth plans in the United States, introduce new features, enhance our expertise through access to a wider network, and further our mission to deliver exceptional student experiences and outcomes. Thanks to Bishopsgate and Gateley who were outstanding throughout the process initially in helping prepare the business with such skill and then in building a process including both domestic and international investors. We were always a priority and both advisers combined delivered value throughout.”