LLR Partners (LLR) has made a USD24 million investment in VectorLearning, a leading online continuing education platform, to support the Company’s continued growth and acquisitions. The investment in VectorLearning, which operates under the brands RedVector and Care2Learn, is LLR’s second education investment within the past 12 months and its fourth overall.
Renowned for its superior online education solutions tailored to post-acute healthcare and design and construction professionals, VectorLearning will benefit from LLR Partners’ unique investment expertise in education and healthcare to build upon its success in the eLearning market. The Company will use this capital to drive organic growth in its core industries and fund acquisitions of online education providers in both existing and new, highly-regulated industries.
“LLR is thrilled to invest in VectorLearning and partner with management to continue the company’s strong growth and market leadership,” says Scott Perricelli, partner at LLR Partners. “VectorLearning is well positioned to continue to capitalise on the corporate training shift to high-quality, affordable online education. Management has done a tremendous job building an industry-leading platform and business model capable of supporting significant future growth.”
“I believe this investment and our partnership with LLR is a very important milestone in the history of VectorLearning,” says CEO Tom Wallace. “I am extremely bullish about our business, our team and the eLearning industry, and we are excited to work together with the outstanding people at LLR to take VectorLearning to the next level. Our relationship with such a prestigious investment firm better positions us to expand our market share in the eLearning industry.”
This is LLR’s fourth investment in the education industry. In January 2011, LLR, along with Liberty Partners, announced a joint USD75 million investment in Avenues: The World School, an operator of private premier pre-K–12 schools. LLR is also invested in Brightside Academy, an operator of urban childcare education centers, and Regency Beauty Institute, an operator of post-secondary cosmetology schools.
LLR is currently investing out of its USD800 million third fund, LLR III.
