Schulte is advising Veritas Capital and Cambium Learning Group in the acquisition of Rosetta Stone, a world leader in technology-based learning solutions. Rosetta Stone provides language solutions to individual customers, schools and businesses globally. Cambium will acquire Rosetta Stone in an all-cash transaction representing an equity value of approximately $792 million. The acquisition will expand Cambium’s digital-learning offerings for teachers, administrators and individuals. The deal was announced on Aug. 31, 2020.
The Schulte team advising Veritas Capital and Cambium Learning Group is led by M&A and securities partner Richard Presutti and associate Lowell Dyer. The team also includes M&A and securities partners Antonio Diaz-Albertini and F. Xavier Kowalski and associate Sarah Sullivan; employment & employee benefits partner Ian Levin; intellectual property, sourcing & technology partner Edward Sadtler and special counsel John Garces; and tax partner David Passey.