As you’ve probably read, SkillSoft is being sold to a group that includes Berkshire, Advent, Bain Capital, and Stockbridge Partners. I’ve got a copy of the acquisition disclosure statement.
Executive officers will be reimbursed for unexercised options as follows:
Charles Moran | $13,580,884
Tom McDonald | $8,689,325
Jerald Nine | $5,615,914
Mark Townsend | $5,883,519
Colm Darcy | $1,086,771
Anthony Amato | $751,950
SkillSoft’s 2009 revenues were $328 million. Of this, $108 million was the expense of marketing and sales. Net income was $51 million. Navigating the financial statements of any complex company is a bear, and when someone’s being acquired it’s doubly tough.
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Hey Jay – nice sleuthing.
Was wondering if this was an FYI post, or is there something hidden behind your message.
ie. 16% profitability is not bad, per se, although if I were an investor (and I’m not) I’d sooner see a content service provider in the high 20’s.
No, Dan. No ulterior motive.
I bought Smartforce stock at the top of the market. It tanked. Then it converted to Skillsoft stock. I’m a sucker…