Squla is designed to supplement a student’s education in a fun and adaptive way. The company’s products are used in over 50,000 classrooms and by over 1.4 million users. Earlier this year, Futurewhiz continued its international expansion through the acquisition of Scoyo, which added over 7 million potential users in the German market.
"In many ways, this was an exciting transaction to work on at the end of a busy year. We already worked together with LLCP when they invested in Squla in 2018 and again in 2019 as they acquired WRTS, so it was great to help them with this successful divestment. I think it's safe to say that 2020 underlined the importance and possibilities of interactive educational tools, and this transaction is the next step for Futurewhiz to realise its ambitious goals for growth in the Dutch and international market," says lead partner Joost den Engelsman.
The team led by Joost den Engelsman (Corporate M&A and co-head of the Private Equity Team) consisted of Olaf Baks and Rutger Goudswaard (Corporate M&A/Private Equity); Wijnand Bossenbroek and Jules van de Winckel (Corporate Notarial); Arjan Pors and Stephan Huis in het Veld (Finance); Edward Rijnhout and Sjuul Jentjens (Tax).