Paris private equity firm pays $300m for business training firm

Eurazeo has bought majority control of Scaled Agile for $300m.

A press release said prior investors Leeds Equity Partners LLC and company managers retained a stake.

Leeds bought the company in 2019, a press release said. Rubicon Technology Partners LLC in Boulder had invested prior to Leeds taking a stake.

Scaled Agile is 10 years old, according to the Colorado Secretary of State. A predecessor company dates to 2001, according to Dean Leffingwell, who co-founded Scaled Agile with Andrew Jemilo.

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The press release said it provides a “framework, platform, professional training content and certifications for implementing business agility practices.”

Some 1 million people in 20,000 companies use its “comprehensive system of courseware, certification, online training, collaboration, toolkits and implementation content,” according to the release.

Scaled Agile “has built a market-leading offering,” said Vivianne Akriche, a Eurazeo managing director. “Business agility is a critical element to enabling digital transformation.”

Scaled Agile in 2019 bought a California-based market researcher. Its early equity funding included a round in 2014. Leffingwell explained its focus to BizWest about a year after its formal founding.

Eurazeo is based in Paris and has about $31 billion in assets under management in 450 companies. Its U.S. offices are in New York City, where Leeds is also based.

Source: Daily Camera

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