Churchill SPAC Agrees to Take Skillsoft, Global Knowledge Public

Educational technology companies Global Knowledge Training LLC and Skillsoft Ltd. agreed to merge and go public through Michael Klein’s black-check company Churchill Capital Corp. II in a combined transaction valued at $1.5 billion.

Churchill, a special purpose acquisition company, or SPAC, entered into an agreement to merge with Skillsoft, a publisher of training software, in a transaction valued around $1.3 billion. Following the close of the deal, which is expected in January, the combined company will buy technology training company Global Knowledge for $233 million from private equity firm Rhone Capital, the companies announced Tuesday.

Bloomberg reported earlier ...