BDK Advokati, working with Kirkland & Ellis, has advised Francisco Partners on its acquisition of SAP Litmos from SAP.
Closing is expected in the fourth quarter of 2022, pending regulatory approval.
Litmos develops e-learning solutions for companies, including the SAP Litmos Training learning management system and the SAP Litmos Training Content, a course library.
Francisco Partners is a global investment firm that focuses on technology and technology-enabled businesses.
SAP is a German company specializing in enterprise application software.
"We are tremendously excited to partner with Litmos to further unlock its growth potential and deliver even more to its customers and partners," FP Partners Jason Brein and Christine Wang commented. "As an independent company partnering with Francisco Partners, Litmos will have more flexibility to focus all of its investments and operations on customer success and increase its customer happiness by augmenting platform capabilities, proprietary content library, and third-party integrations."