Learning Technologies Group plc (AIM:LTG) will look for acquisition opportunities. Jonathan Satchell, the Chief Executive of the company said, "We've been heads down initially just focused on transforming GP. That is broadly complete.

There will be some further improvement, but it's not -- I wouldn't call a transformation anymore, now it's business as usual and trending upwards. And we were never going to make acquisitions in '22, but we would have done last year had the market have been different and the debt backdrop been different. I think now given our phenomenal deleveraging.

And by the way, that's continued in January because we'd enjoyed the proceeds of the sale of the noncore business Lorien. That's about $20 million, and our cash generation continued to be very strong this month. So I feel very comfortable about our leverage.

And it does begin to open our minds to what we'll do next. And in answer to that, we've got a number of options to consider from further debt repayment, potentially share buyback to further acquisitions. And we're always going to be looking for the right acquisition opportunities.

And the coincidence here is that I think we're beginning to see a capitulation in the market where valuations are finally aligning with the new normal that we savagely have all found is happening to our public businesses. And therefore, acquisition opportunities become much more interesting to us and we can finance them".