US: Greylion and Vestar Capital invest in 360training
360training, a provider of online training and continuing education to regulated industries, has received an investment from private equity firms GreyLion Partners and Vestar Capital Partners.
Based in Austin, Texas, 360training helps organisations develop their workforces and remain compliant with labour regulations and industry certification mandates, with a content library offering more than 6,000 courses across five major verticals: environmental, health and safety, food and beverage, real estate, healthcare and financial services.
The investment will help 360training pursue large and small strategic acquisitions within its core markets and in new markets and geographies, according to the company.
360training’s chief executive Tom Anderson said: “We are looking forward to scaling our platform within existing and new markets through continued investment in strategic acquisitions and product development.”
As part of the investment, Bhat and Olson of Vestar will join 360training’s board alongside existing board members Chip Baird and Heinerscheid of GreyLion; Anderson of 360training; and independent director Kirk Wortman.
GreyLion first invested in 360training in 2018 and remains a significant owner of the company.
Harris Williams was exclusive financial advisor to 360training and Latham & Watkins was its legal advisor. Houlihan Lokey was exclusive financial advisor, and Kirkland & Ellis provided legal counsel, to Vestar.