Kahoot! Exits Oslo Stock Exchange After A $1.7bn Acquisition by Goldman Sachs Asset Management Finalizes

Kahoot!, the global learning and engagement platform company, today announced the delisting from Oslo Børs, in a successful acquisition process led by Goldman Sachs Asset Management. The delisting follows the initial offer period, the subsequent mandatory offer and the compulsory acquisition of all remaining shares of Kahoot!.

Last July, Kangaroo BidCo AS announced a recommended voluntary offer from Goldman Sachs Asset Management, with co-investors General Atlantic FT B.V. (“General Atlantic”), KIRKBI Invest A/S (“KIRKBI”), Glitrafjord AS and certain other investors and management shareholders to acquire all outstanding shares in Kahoot! for a cash consideration of NOK 35.00 per share. 

Eilert Hanoa, Chief Executive Officer at Kahoot! said: “The acquisition will provide significant opportunity for accelerating the company’s journey to become the leading learning platform in the world. As the need for engaging learning, across home, school and work, continues to grow, I am excited to leverage this partnership for our users, our ecosystem of partners, and for the talented team across the Kahoot! Group, to advance education for hundreds of millions of learners everywhere.”

Michael Bruun, Global co-Head of Private Equity at Goldman Sachs Asset Management, said: “We are pleased that the acquisition of Kahoot! has concluded successfully. The company has a clear mission and value proposition, and our investment will help to grow its impact and accelerate value for all stakeholders. Through this transaction, we are pleased to partner with a fantastic leadership team and group of co-investors to expand a mission-critical learning and engagement platform and contribute to its further growth and innovation, organically and via M&A.”