Blackboard Inc. … announced that the company has completed the sale of its Blackboard Transact business unit (“Transact”) to Reverence Capital Partners, LP (“Reverence”). The completion of the transaction will allow Blackboard to remain focused on and continue to deliver market-leading innovation in its teaching and learning portfolio of solutions, the core of its business for over 20 years. — Prnewswire

J Sagar Associates advised Reverence Capital Partners led by a team of partners Rupinder Malik and Rajul Bohra and associates Priyal Shailendra Somvanshi and Sriram SL.

US firm Winston & Strawn LLP was the overseas counsel for Reverence Capital Partners.

Blackboard Transact was advised by Dechert LLP and Trilegal.

Primary jurisdiction of deal: US.

2019-04-30

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