Yeah it's true. I must say I think it would be dreadful for a private equity firm/ Venture Capital backed firm to buy the company as there sole objective will be to strip everything to the bones in terms of cost. cut corners, lean back on the head count and make a quick profit to re-sell on in 2-4 years time. I would think twice about investing vast sums of money and my career and thus future with a VC backed training provider. The idea may work for product based companies but surely not training providers............OAT may have a good(ish!) name and respectable brand but it could be demolished in a heartbeat.