Morrison Cohen Guides MidOcean In IT Training Co. Buy

Law360, New York (October 25, 2011, 1:47 PM EDT) -- Private equity firm MidOcean Partners LLP has added Global Knowledge Training LLC, a provider of information technology and business skills training, to its portfolio of business services, marketing and technology holdings, the company announced Tuesday.

MidOcean bought sole interest in the North Carolina-based training network from private equity giant Welsh Carson Anderson & Stowe for an undisclosed sum. The firm said it expected major growth from Global Knowledge, citing technical training as a critical component to IT and business professions.

“This investment provides us the opportunity...
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