Houlihan Lokey Advises Vestar Capital Partners

Houlihan Lokey is pleased to announce that 360training.com, Inc. (360training), a leading provider of online training and continuing education to regulated industries, has successfully completed an equity recapitalization from GreyLion Partners LP (GreyLion) and Vestar Capital Partners to support 360training's rapid growth and accelerate acquisition activity. The transaction closed on July 11, 2022.

The new investment will help 360training pursue large and small strategic acquisitions within its core markets as well as new markets and geographies. 360training is an integrated digital training and compliance platform for highly regulated industries. Through a unique combination of differentiated technology and deep regulatory expertise, 360training enables professionals to attain jobs and maintain industry-mandated requirements while helping organizations develop their workforces and remain compliant. 360training's robust, proprietary content library offers more than 6,000 courses across five major verticals: environmental health and safety, food and beverage, real estate, healthcare, and financial services.

GreyLion focuses on investing in high-growth businesses in the lower middle market. It seeks to partner with existing owners and management teams across the consumer, industrial, healthcare, software, and services sectors to deliver capital in tailored and flexible minority and control structures. GreyLion invests $25 million–$125 million of capital per investment, primarily within the United States. It currently manages private equity funds with aggregate commitments of approximately $1.7 billion.

GreyLion first invested in 360training in 2018 and remains a significant owner of the company. It 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.

Vestar Capital Partners is a leading U.S. middle-market private equity firm specializing in management buyouts and growth capital investments. Vestar invests in and collaborates with incumbent management teams and private owners to build long-term enterprise value with a focus on consumer, business and technology services, and healthcare. Since its inception in 1988, Vestar funds have invested $11 billion in 89 companies, as well as more than 200 add-on acquisitions, with a total value of approximately $52 billion.

Houlihan Lokey served as the exclusive financial advisor to Vestar on its investment in 360training. This deal highlights the team’s expertise and continued success in the professional learning sector, marking the team’s eighth transaction since the beginning of 2021.