Pathway to success
BHP Corporate Finance is delighted to have advised the shareholders of Solution Path, a leading Ed-tech data analytics and solutions business on its sale to Kortext, a private equity backed supplier of digital learning platforms to the education sector.
Solution Path’s services support higher education establishments to measure and understand student engagement across all aspects of their academic journey. This facilitates assessment of risk to progression and proactive support to ensure student retention, attainment and wellbeing.
The core product, StREAM, is deployed to universities in the UK, USA and beyond.
Andy Haigh and Declan Savage led a multi-disciplinary team from BHP, providing transactional advice, tax structuring advice and SPA advisory support.
Declan Savage commented “We are delighted to have assisted David, Richard and Howard with their exit from Solution Path. They have built an excellent business and the partnership with Kortext represents a natural step in the company’s growth story.”
David Cole, Chief Commercial Officer at Solution Path commented “We are very grateful to the team at BHP Corporate Finance for their invaluable advice, support and guidance provided during our sale process.
Being a high growth technology business, naturally the deal structure involved various complexities and BHP handled both the ‘softer’ and more technical aspects of this with great skill. Their coaching and engagement also worked really well and meant that we were able to be confident and clear in our negotiations with the buyer.
We enjoyed working with Andy, Dec and the rest of BHP CF team, would highly recommend them and wouldn’t hesitate to work with them again if we found ourselves looking to sell another business in future.”