12:55 AM EDT, 09/14/2026 (MT Newswires) -- Tribal Group (TRB.L) conditionally agreed to a takeover by Thames Bidco, a company controlled by funds managed or advised by Main Capital Partners, for 189.3 million pounds sterling. Under a conditional sale and purchase agreement, the education-related software and services group will sell all of its operating subsidiaries to Thames Bidco. The consideration will be paid upon completion, with 4.9 million pounds offered to participants in the Tribal share plans in exchange for the release of their options, according to a Sept. 11 filing. If the sale becomes unconditional, Tribal's board will seek shareholder approval to cancel its shares from trading on the London bourse and place the company into a solvent voluntary liquidation. The proceeds from the sale are expected to be distributed to shareholders through the liquidation. The proposed transaction is subject to shareholder approval at a general meeting to be held in early October, as well as other conditions. Completion is expected in the fourth quarter.

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