Kikora AS – buyout and private placement

Eldur Learning AS has completed its acquisition of all remaining shares in Kikora AS, a Norwegian e-learning company which has developed a learning tool for mathematics instruction, enabling students to learn and teachers to teach math more efficiently. Eldur Learning AS will after the complation of the acquisition merge with Kikora AS.

The acquisition was financed by way of a private placement, in which the lead investor Aschehoug, a Norwegian publishing group, invested NOK 10 million. 

Aabø-Evensen & Co has been legal advisor to Eldur Learning AS in connection with both the above transaction, and its previous acquisitions of shares in Kikora AS and financing thereof.