Lowenstein Sandler represented General Assembly in its acquisition by leading staffing firm Adecco Group in a deal worth $412.5 million.
General Assembly is a worldwide provider of training in high-demand areas such as coding, design, data science, business, marketing, and professional development. Dedicated to closing the skills gap between job seekers and employers’ hiring needs, the company boasts 20 campuses, over 10,000 corporate hiring partners, and a 35,000+ alumni list.
For Adecco, a global human resources services company with 450 locations in 60 countries, this strategic acquisition enables it to offer employers job-ready candidates equipped with real-world knowledge and skills.
As reported in this article in TechCrunch, General Assembly will exist as a distinct division and will be led by Jake Schwartz, the company’s co-founder and CEO. The deal is expected to close in the second quarter of 2018, pending regulatory approvals.
Lowenstein’s representation of General Assembly is the latest in our ongoing client relationship. We previously represented the company in its Series D funding round ($70M in 2015) and in its 2016 acquisition of Bitmaker. The Lowenstein team included Ed Zimmerman, Anthony O. Pergola, Eric Weiner, James E. Gregory, Brian A. Silikovitz, Lisa A. Harvey, Darren Goodman, Yvonne Elosiebo, Pooja Patel, Philip Mackson, and Mitchell McDonald.