Offer Increased for Education Software Provider

Tribal’s biggest shareholder looks to gazump PE offer

The biggest shareholder in Sheffield tech firm Tribal Group PLC is considering a takeover bid which would gazump a private equity offer set for a shareholder vote on Friday. Tribal, led by CEO Mark Pickett (pictured), provides student information systems and digital platforms used by educational institutions and other organisations. Yesterday shares in Tribal jumped 17% to 98p after Main Capital Partners increased its proposed cash offer to £231…

Offer increased for education software provider

Tribal, a Sheffield-based provider of software and services to the international education market, has agreed an improved offer for the sale of its businesses with Thames Bidco Limited, a newly formed company controlled by funds and accounts managed or advised by Main Capital Partners. It follows Tribal entering into a conditional sale and purchase agreement for […]

Tribal Group secures raised £231m offer from Main Capital

Tribal Group has agreed an increased price with private equity firm Main Capital Partners, which will now pay about £231m for the education software company’s businesses. The company said Main had raised its cash consideration from £189.3m to £231.2m, equivalent to around 105p a share, a 67% premium to Tribal’s share price before the deal […]