MidOcean Partners Announces Agreement To Sell GK Holdings, Inc. To Rhône Capital L.L.C.

November 10, 2014

NEW YORK, November 10, 2014 – MidOcean Partners, a New York based private equity firm targeting investments in the middle market, is pleased to announce that it has agreed to sell GK Holdings, Inc. (“Global Knowledge” or “The Company”), the largest worldwide corporate training company, to investment funds affiliated with Rhône Capital L.L.C. Terms of the transaction were not disclosed.

Global Knowledge is the leading global provider of IT and business skills training, educating over 200,000 corporate professionals across 22,000 class sessions each year. The Company has a long history of developing relationships with preeminent global technology companies including Cisco, Microsoft and VMware. In addition, Global Knowledge has developed a significant library of proprietary content across a number of IT and business skills training categories.

“Global Knowledge has been an excellent investment for our firm,” said Ted Virtue, CEO of MidOcean Partners. “We have enjoyed the opportunity to partner with a strong management team and to leverage the Company’s leading market position to take advantage of a growing and increasingly important industry.  MidOcean was also able to apply its methodologies and expertise to position the business for sustained growth and success going forward.”

During MidOcean’s ownership period, Global Knowledge achieved significant organic revenue and EBITDA growth. The Company has greatly accelerated its virtual learning offerings, expanded its technology education partnerships including the addition of IBM and Amazon Web Services and broadened its proprietary content suite within technology and business skills.

Robert W. Baird & Co. Incorporated and Kirkland & Ellis LLP advised Global Knowledge in the transaction.  Credit Suisse, Macquarie and Sullivan & Cromwell LLP advised Rhône.

About Rhône Capital
Rhône was established in 1996 and is a global private equity firm with a focus on investments in market leading businesses with a pan-European or transatlantic presence and expansion prospects. Rhône’s investment philosophy includes the development of strong, strategic partnerships with the companies in which it invests. Rhône has offices in London and New York and currently holds investments in a diversified portfolio of companies including investments in the business services, chemicals, consumer products, food, industrial, materials, mining, and shipping industries.

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About Global Knowledge

Global Knowledge is the worldwide leader in lT and business skills training, with more than 1,200 courses that span foundational and specialized training and certifications. Its core training is focused on Cisco, Microsoft. Avaya, VMware, Red Hat, business process improvement, and leadership development. Training is offered through multiple delivery methods, ranging from instructor-led to self-paced learning in classrooms or via the Internet, enabling customers to choose when, where, and how they want to receive training programs and learning services. For more information, visit www.globalknowledge.com.

About MidOcean Partners

MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts.

MidOcean Media Relations Contacts
Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.

MidOcean Investor Relations Contact
Allison Donohue