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  "docSlug": "e62df5ecd6058851317dfde3f8088db2",
  "documentTitle": "Skillsoft | SPAC Presentation Deck | 24 slides",
  "authorId": "skillsoft",
  "authorName": "Skillsoft",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2020-10-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 7,
  "pageCount": 24,
  "prevPage": 6,
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  "slideType": "key_takeaways",
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  "density": "dense",
  "nDataPoints": 8,
  "notes": "The slide uses a numbered list format to present a value proposition and investment thesis.",
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  "components": [
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      "kind": "list",
      "text": "1. Large, growing market, served by fragmented, subscale suppliers ill-suited for meeting user needs\n2. Most comprehensive content, tools, and modalities\n3. Wide reach, with a 600-person combined sales force and presence in 160+ countries, generating two thirds of revenue from subscriptions\n4. Bringing together complementary assets: Skillsoft’s broad content and Percipio LXP with Global Knowledge’s depth in IT\n5. Both companies are at an inflection point with new products gaining momentum\n6. Churchill-led team with Prosus and others’ expertise and capital behind pivot to growth\n7. Merger expected to generate cost synergies and positions company to be strategic acquirer\n8. Approximately $700M+ in revenues and $200M+ in Adj. EBITDA, making it the largest and most profitable business in the space\n9. Significant valuation discount to peers: 2.2x revenue multiple vs 6.7x for Pluralsight and 8-10x for venture-backed peers; 7.6x Adj. EBITDA multiple vs Not Profitable for Pluralsight and venture-backed peers",
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      "kind": "source-note",
      "text": "Source: Churchill estimates, FactSet, Pitchbook. Market data as of 10/9/20. (1) Pro forma for Churchill transaction with Skillsoft and Global Knowledge. Midpoint of estimated range; reflects FYE 1/31/23E financials. (2) Based on acquisition values of Skillsoft and Global Knowledge. Skillsoft multiples based on midpoint of FYE 1/31/23E range. Pluralsight multiples based on CY2021E.",
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      "kind": "title",
      "text": "We are creating the new skillsoft as the world’s leading digital corporate learning company",
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      "matchId": "ad744329-b831-4d75-b3c2-fc941df4cae3",
      "evidence": "Numbered list of strategic value drivers",
      "confidence": 0.9
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      "beatId": "0013bd77-f37f-44fb-a1ab-ca519bf42f7e",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Solution",
      "beatSlug": "sequoia-pitch-solution",
      "evidence": "Introducing the new skillsoft and key takeaways",
      "position": 1,
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      "parentBeatName": "Turn",
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