Reported 12 months ago
Vista Equity, a private equity firm, is reportedly in discussions to transfer control of Pluralsight, an educational software platform, to lenders. This potential move comes after Pluralsight faced financial challenges and debt restructuring negotiations with creditors, including investment firms such as Blue Owl Capital and Ares Management. The documents also reveal Pluralsight's declining value and financial struggles, attributed to factors like the economic slowdown and increased competition in its sector.
Source: YAHOO