Private equity house firm Charterhouse Capital only took control...

Private equity house firm Charterhouse Capital only took control of UK-based teaching software provider SkillSoft in April, but already it is looking at moving on acquisitions.
Its first target could be SAI Global’s compliance division. It is understood SkillSoft has its eyes on compliance, which is expected to make about $27 million in earnings in the 2015 financial year. Compliance is SAI’s third-largest division, behind standards and assurance, and Morgan Stanley reckons it could be worth $246 million to $301 million.
SkillSoft would likely need to bid alongside a party willing to take the standards and assurance units, although SAI’s adviser, Macquarie Capital, seems happy to have all takers in the dataroom.
Private equity firm Pacific Equity Partners is the only bidder known to be interested in the whole company, although sources said there was another offshore sponsor considering buying the whole lot. Hellman & Friedman and TA Associates two possible contenders.
It is understood Macquarie has told bidders to submit offers for the parts of SAI they are after, and the bank will pair them up with other bid partners if need be.
Indicative bids are due next week

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