360training Announces Equity Recapitalization From Greylion and Vestar Capital Partners

360training, a leading provider of online training and continuing education to regulated industries, announced an equity recapitalization from GreyLion Partners LP and Vestar Capital Partners to support the Company’s rapid growth and accelerate acquisition activity. Terms of the investment were not disclosed.

The new investment will help 360training pursue large and small strategic acquisitions within its core markets and in new markets and geographies. 360training helps organizations develop their workforces and remain compliant with labor regulations and industry certification mandates, with a content library offering more than 6,000 courses across five major verticals: Environmental Health & Safety, Food & Beverage, Real Estate, Healthcare and Financial Services.

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“We are thrilled to welcome Vestar as a strategic investment partner,” said 360training CEO Tom Anderson. “360training now enjoys the substantial backing of two proven investors, both of which pride themselves on partnering with portfolio companies to help accelerate growth. We are looking forward to scaling our platform within existing and new markets through continued investment in strategic acquisitions and product development.”

“360training’s outstanding management team, differentiated content, and focused go-to-market strategy have allowed the Company to capitalize on attractive, sustainable long-term trends in regulatory-driven online education and training,” said Jake Olson and Nikhil Bhat, Managing Directors at Vestar. “We’re excited to partner with GreyLion and the 360training team to fuel the Company’s continued expansion and product development.”

GreyLion first invested in 360training in 2018 and remains a significant owner of the Company. The firm is committed to 360training’s long-term growth and success while ensuring that the Company is well positioned to further execute against its strategic business plan.

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Henry Heinerscheid, Partner of GreyLion, stated, “Since our investment four years ago, 360training has grown its management team, strengthened its employee base, and invested significant capital in its technology and marketing capabilities. Those investments have enabled growth into new verticals like Healthcare and Financial Services while increasing market share in Environmental Health & Safety, Food & Beverage, and Real Estate. We are proud of the many add-on acquisitions completed to date, and we are thrilled to have Vestar join GreyLion and management to continue driving 360training’s industry leadership and support the Company’s expansion.”

As part of the investment, Mr. Bhat and Mr. Olson of Vestar will join 360training’s Board of Directors alongside existing Board members Chip Baird and Mr. Heinerscheid of GreyLion; Mr. Anderson of 360training; and Independent Director Kirk Wortman.

Harris Williams served as the exclusive financial advisor to 360training and Latham & Watkins was its legal advisor. Houlihan Lokey served as exclusive financial advisor, and Kirkland & Ellis LLP provided legal counsel, to Vestar.

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