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Danish Growth Fund invests record-high amount in Area9


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Details

Accura assisted the Danish technology and learning company Area9 Lyceum with the Danish Growth Fund's record-high investment in the company. The investment will provide the Danish state's investment fund with a 20% ownership interest in the company.

The Danish Growth Fund's investment of DKK 190 million will help accelerate the company's growth and create a world leader in learning technology.

Area9 Lyceum develops advanced, personalised e-learning which is continuously adapting to the individual user's level and needs. Area9 Lyceum consolidates all the Area9 group's learning activities, including the majority shareholding in Area9 Learning. This company already counts large, international businesses among its customers.

McGraw-Hill Education has held a minority interest in Area9 Learning since Area9 sold part of the group to McGraw-Hill Education in 2014.

Mette Mernø Hansen and Kim Toftgaard advised Area9 Lyceum.


Contact

Kim Toftgaard
Kim Toftgaard

Partner, Attorney-at-Law, LL.M.

Mobile: +45 3078 6602
kim.toftgaard@accura.dk


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