News & Case Studies

Case Study

Leumi ABL supports investor-backed corporate carve-out of Wiley Edge

Posted: 11th June 2024   |   Share


Leumi ABL is delighted to announce that it has provided a $multi-million flexible working capital facility in support of a corporate carve-out of Wiley Edge by Inspirit Capital. The business has been acquired from Wiley, one of the world’s largest publishers and a trusted leader in research and learning, and has been rebranded post-acquisition as mthree.

mthree is a global industry-leading provider of Hire, Train, Deploy (“HTD”) talent solutions, supporting multinational employers by sourcing, training and deploying high-potential entry-level talent on a contract-to-hire basis. The business plays a vital role in addressing the global skills gaps in high-demand areas of technology and business.

Inspirit Capital is a London-based investment firm that specialises in acquiring businesses that are no longer core to their parent company’s strategic objectives and require a different ownership structure to achieve their full potential, and have worked previously with Leumi ABL on portfolio transactions.

Leumi provided Asset Backed Facilities on Billed and Unbilled Receivables that generate working capital liquidity to support the future plans of the business.

Will Stamp, Founding Partner at Inspirit Capital, says “We are thrilled to complete our investment in Wiley Edge and to reinvigorate the mthree brand. This transaction once again demonstrates Inspirit’s capacity to deliver complex corporate carve-out transactions. mthree represents an exciting addition to our portfolio, and we are looking forward to working with Leumi again to support the business’ ambitious growth plans as its compelling value proposition becomes increasingly important for both employers and entry-level talent.”

Leumi Regional Sales Director, Martin Risman, said; “It has been a complex process and transaction that has involved a number of stakeholders. It is a pleasure for Leumi to work with the Inspirit Capital team again and we look forward to a continued relationship in support of mthree. This has been a successful transaction for all concerned.”

Debt Advisory support was provided by EY, with legal support provided by Crowell & Moring (Leumi) and Mayer Brown (Inspirit).