In January 2024, Goldman Sachs Asset Management successfully completed its $1.7 billion acquisition of Kahoot!, the Oslo-based educational gaming platform founded in 2012. Through its special purpose vehicle Kangaroo BidCo, Goldman Sachs led a strategic consortium that included General Atlantic, KIRKBI Invest (a LEGO Group subsidiary), and Glitrafjord (led by Kahoot! CEO Eilert Hanoa).

The transaction began in July 2023 with an initial cash offer of NOK 35 per share, representing a premium above the pre-announcement share price. After extending the offer period through December 2023, the consortium secured approximately 94.75% of Kahoot!’s shares by January 15, 2024, subsequently initiating compulsory acquisition of remaining shares. The company was delisted from the Oslo Stock Exchange, transitioning to private ownership.

This acquisition represents a strategic pivot for Kahoot!, freeing it from public market pressures to pursue aggressive growth. In March 2024, the company appointed a new Board of Directors chaired by Gavin Patterson to focus on product development and global expansion. The consortium’s leadership expressed commitment to leveraging their collective expertise in technology investment and education to enhance Kahoot!’s platform.

The deal aligns with the growing demand for innovative digital learning solutions, positioning Kahoot! to capitalize on the global shift toward interactive educational technologies while maintaining its mission of making learning accessible and engaging worldwide.