Draper-based technology workforce development company Pluralsight has announced an agreement to recapitalize its business with a group of existing lenders led by funds managed by Blue Owl Capital Inc. and including funds managed by Ares Management Corp., Goldman Sachs Asset Management and Oaktree Capital Management LP, among others.
Under the terms of the agreement, the investor group will own 100 percent of the company. The Utah company said the recapitalization will strengthen its balance sheet, significantly reduce outstanding debt and provide over $200 million of capital to accelerate growth initiatives and support long-term strategic goals.
“We are pleased to have reached an Please log in to see the rest of this story.
