Gerson Lehrman Group (GLG), a New York, New York-based platform for professional learning, may consider making small technology acquisitions, CEO Alexander Saint-Amand said.<\/p>\n
The company has worked with Evercore Partners in the past. Kirkland & Ellis regularly handles the company\u2019s legal affairs.<\/p>\n
A potential target may be a learning platform or a technology for scaling, or a video and distribution channel, Saint-Amand said.<\/p>\n
Saint-Amand declined to say how much the company may spend on such a target, but said that it is likely to be quite small and financed with existing capital, cash and funds from its recent capital raise.<\/p>\n
In December 2015 GLG announced a USD 212m capital raise led by New York-based SFW Capital Partners.<\/p>\n
The company has several hundreds of investors, including a large number of individuals and some institutional investors, Saint-Amand said. Bessemer Venture Partners is one of them, he added. No one has a majority stake, he said without providing further details.<\/p>\n
In 2007 GLG\u2019s revenues were reportedly USD 230m. The CEO said that GLG\u2019s revenues are substantially larger than that but declined to give further details. The company is profitable, he added.<\/p>\n
GLG plans to spend these funds primarily on organic growth, Saint-Amand said. The US, Europe and Asia are priority markets and In terms of sectors, GLG will continue to focus on technology driven, scientifically complex sectors, he said.<\/p>\n
GLG would not rule out JVs, Saint-Amand said. However, the company has not seriously considered them yet.<\/p>\n
In September 2009 GLG bought French expert network specialist TGR Research for an undisclosed sum.<\/p>\n
GLG does not have any specific plans regarding a potential IPO, Saint-Amand said. Media reports in 2008 suggested GLG might list in 12 to 18 months.<\/p>\n
GLG is a network for one-to-one professional learning, which connects professionals such as consultants and investors seeking information with various industry experts for short and long-term learning. The company\u2019s expert network include more than 425,000 specialists. GLG has a compliance structure in place to make sure all disclosures are legal. Its clients include Fortune 500 companies, banks and law firms.<\/p>\n
Saint-Amand declined to name the company\u2019s competitors. The CEO of a New York-based research services company Guidepoint, Albert Sebag, said GLG is among its competitors along with London-based AlphaSights, Shanghai-based Capvision and Business Connect China.<\/p>\n
Founded in 1998, GLG has approximately 1,100 employees in 22 offices in 12 countries.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gerson Lehrman Group (GLG), a New York, New York-based platform for professional learning, may consider making small technology acquisitions, CEO Alexander Saint-Amand said. The company has worked with Evercore Partners in the past. Kirkland & Ellis regularly handles the company\u2019s legal affairs. A potential target may be a learning platform or a technology for scaling, […]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[581,579],"tags":[],"class_list":["post-37262","post","type-post","status-publish","format-standard","hentry","category-in-the-news","category-news"],"_links":{"self":[{"href":"https:\/\/glginsights.com\/ko\/wp-json\/wp\/v2\/posts\/37262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glginsights.com\/ko\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/glginsights.com\/ko\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/glginsights.com\/ko\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/glginsights.com\/ko\/wp-json\/wp\/v2\/comments?post=37262"}],"version-history":[{"count":0,"href":"https:\/\/glginsights.com\/ko\/wp-json\/wp\/v2\/posts\/37262\/revisions"}],"wp:attachment":[{"href":"https:\/\/glginsights.com\/ko\/wp-json\/wp\/v2\/media?parent=37262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/glginsights.com\/ko\/wp-json\/wp\/v2\/categories?post=37262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/glginsights.com\/ko\/wp-json\/wp\/v2\/tags?post=37262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}