DLA Piper has advised Russian online English school Skyeng on the acquisition of a 25% stake in Qmarketing Academy – a Russian online school of marketing and design – from Qmarketing.
According to DLA Piper, “Skyeng will integrate the online school into the professional education division of its Skypro online university. At the first stage of the deal, Skyeng will buy a 25% stake in Qmarketing Academy, with the possibility of further increasing its ownership. The deal will expand Skypro’s product line and increase its expertise in promoting educational courses in the area of continuing professional education.”
Skyeng is an EdTech company in Russia, combining products for children and adults in a single online educational ecosystem. In 2021, the company launched Skypro online university, marking the company’s entry into the professional education market.
DLA Piper’s Moscow-based team was led by Partner Leo Batalov and included Legal Director Andrei Sheetkin, Associate Konstantin Savryga, and Paralegal Alexandra Khvorostyanova.