Daily News: September 4, 2014

Deloitte Advises VitalSmarts in Sale to PCDHC

Deloitte acted as exclusive financial advisor to Provo, VitalSmarts in its sale to Providence Corporate Development Holding, an affiliate of Providence Equity Partners. An innovator in the global corporate training and leadership development market, offering proprietary training content and solutions, VitalSmarts engaged DCF to explore various strategic alternatives.

“The DCF team was instrumental in finding us a financial partner with a strong, established platform in the industry and deep financial and operational expertise. DCF was closely involved every step of the way in sharing how the process is done, enabling us to find an ideal partner to help us realize our long term vision,” said Andy Shimberg, CEO of VitalSmarts.

Provo, Utah-headquartered VitalSmarts is an innovator in the corporate training and leadership development market.

Providence is a private equity firm focused on media, communications, education and information investments.