Stonehenge Growth Equity has exited its investment in Tampa, Fla.-based online education and training company VectorLearning, the firm announced Wednesday. The profitable exit was part of a recapitalization of VectorLearning completed by LLR Partners. Terms of the exit were not released, though LLR Partners said in August that it was putting $24 million into VectorLearning.
Stonehenge Growth Equity is pleased to announce that it has profitably exited its investment in VectorLearning. Stonehenge sold its interest in VectorLearning as part of a recapitalization of the company completed by LLR Partners. This is the seventh profitable exit to occur from Stonehenge’s growth equity portfolio.
Stonehenge made its initial investment in VectorLearning in 2005 and made an additional investment in 2008. “It has been a pleasure working with Tom Wallace and his team at VectorLearning over the past six years, ” said Steve Lux, Managing Director of Stonehenge Growth Equity and former board member of VectorLearning. “They have built a tremendous online education business that combines content, distribution and deep sales and marketing capabilities.” Tom Wallace, VectorLearning’s Chief Executive Officer commented, “Stonehenge has been a great partner for us. Their investment and expertise were critical in helping us achieve our desired growth objectives.”
For more than a decade, Stonehenge has been an active provider of venture and growth equity capital. In Florida, Stonehenge has made investments into 17 companies since 1999. These companies are predominantly technology-enabled businesses executing high growth business plans. “VectorLearning is an excellent example of the types of companies that fit our investment criteria well. You have a strong management team led by a successful entrepreneur that is leveraging technology to build a highly scalable business in a rapidly expanding market,” said Steve Lux. “We will continue to seek out and actively invest in these types of businesses, as we feel they can yield very significant returns for our investors.”
Stonehenge Growth Equity (www.SGCequity.com) represents the venture capital, and private equity financing group of Stonehenge Capital Company, LLC. Headquartered in Tampa, FL the growth equity team originates and manages investments primarily in technology-enabled businesses with significant growth potential.
VectorLearning, which operates under the brands RedVector and Care2Learn, sets the standard for excellence in online continuing education and training for licensed and certified professionals in the engineering, architectural, construction (AEC) and post-acute healthcare industries. With an online library of more than 1,500 fully accredited courses authored by over 200 subject matter experts and spanning all 50 states, VectorLearning serves more than 300,000 working professionals. The recipient of numerous community honors and industry awards, VectorLearning was founded in 1999 and is headquartered in Tampa, Florida.