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Deloitte Corporate Finance Advises VitalSmarts in Sale to PCDHC

September 03, 2014, 07:09 AM
Filed Under: Industry News

Deloitte Corporate Finance LLC (“DCF”) acted as exclusive financial advisor to Provo, Utah-based VitalSmarts, LC (“VitalSmarts”) in its sale to Providence Corporate Development Holding Company (“PCDHC”), an affiliate of Providence Equity Partners LLC (“Providence”).  An innovator in the global corporate training and leadership development market, offering proprietary training content and solutions, VitalSmarts engaged DCF to explore various strategic alternatives.

“The DCF team was instrumental in finding us a financial partner with a strong, established platform in the industry and deep financial and operational expertise.  DCF was closely involved every step of the way in sharing how the process is done, enabling us to find an ideal partner to help us realize our long term vision,” said Andy Shimberg, chief executive officer of VitalSmarts.

Founded in 1990 and headquartered in Provo, Utah, VitalSmarts is an innovator in the corporate training and leadership development market.  The Company leverages its train-the-trainer model and proprietary content to serve customers around the world.  VitalSmarts is home to the award-winning Crucial Conversations®, Crucial Accountability®, Influencer™, and Change Anything™ Training and New York Times bestselling books of the same titles.

Providence is the world’s leading private equity firm focused on media, communications, education, and information investments.  The firm manages funds with $40 billion in commitments and has invested in more than 140 companies globally since its inception in 1989.  Headquartered in Providence, Rhode Island, the firm has a global presence with offices in New York, London, New Delhi, Hong Kong, and Beijing.

Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Deloitte Corporate Finance LLC provides deal execution and lead financial advisory services to large corporate, middle market, and private equity firms. Deloitte Corporate Finance has access to the resources of the Corporate Finance Advisory practices of the member firms (and their affiliates) within the Deloitte Touche Tohmatsu Limited network of member firms. Together with Deloitte Corporate Finance LLC, these practices include in excess of 1,900 professionals, working collaboratively in 150 international locations. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC.

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