NEW YORK, Dec. 14, 2018 /PRNewswire/ -- ASGARD Partners & Co. ("ASGARD") is pleased to announce that is has advised Global Knowledge Training LLC ("Global Knowledge"), the worldwide leader in IT and business skills training, on its $10 million receivables facility.
Bob Kalainikas, CFO of Global Knowledge, stated, "The receivables facility helps us optimize our working capital cycle and also fund continued growth. We would like to thank ASGARD for their hard work in structuring the facility and driving it to a successful closure."
"We are very pleased to have the opportunity to help Global Knowledge as it continues to further build on its leadership position in the global IT and business skills training market. This facility will provide additional working capital for Global Knowledge to invest in its world class on-line training programs. It's been a pleasure to work with Bob and his outstanding team," said Joseph Adipietro, Managing Director and Co-Head of the Advisory Group at ASGARD.
ASGARD Partners & Co. is a next generation financial firm combining capital markets advisory and private equity investments into one platform to better and more effectively serve portfolio companies, clients and investors. ASGARD believes business is a powerful platform that can change the world for the better and is committed to serving entrepreneurs, companies, and investors that share this belief. The partners at ASGARD have collectively arranged and advised on more than $100 billion in transactions and have proven expertise across a wide spectrum of advisory services. ASGARD brings multi-functional capabilities to its clients and enables them to navigate their capital and growth decisions effectively. For more information, visit https://asgardpartners.com.
About Global Knowledge Training:
Global Knowledge is the worldwide leader in IT and business skills training. Headquartered in Cary, NC, Toronto, Canadaand Wokingham, UK, the company delivers IT and business training courses to over 300,000 people every year in over 100 countries via training centers, private facilities and online. Global Knowledge is an authorized training partner for many of the world's most recognized technology companies including Amazon Web Services, Cisco, Google, IBM, ITIL®, Microsoft, Red Hat® and VMware.
SOURCE ASGARD Partners & Co.