> One source says that the Utah-based company's financials have improved, with a around 26% EBITDA growth in 2023, but not enough to service nearly $1.3 billion of debt that was issued when interest rates were lower.
Pluralsight hasn’t failed entirely as a company. It’s just that it can’t produce enough profits to pay down the huge debt Vista took to acquire it.
Many tech PE deals happened under low interest rates, but higher interest rates mean debt has become more expensive to service.
Pluralsight would be very successful if it took minimal VC funding and didn’t go the PE way.
Pluralsight hasn’t failed entirely as a company. It’s just that it can’t produce enough profits to pay down the huge debt Vista took to acquire it.
Many tech PE deals happened under low interest rates, but higher interest rates mean debt has become more expensive to service.
Pluralsight would be very successful if it took minimal VC funding and didn’t go the PE way.