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eLB grabs $54m from RLG Capital and Trinity Investors

RLG Capital and Trinity Investors has invested $54 million in eLearning Brothers.

RLG Capital and Trinity Investors has invested $54 million in eLearning Brothers. Based in Utah, eLearning Brother is a learning solutions company.

PRESS RELEASE

PARK CITY, Utah–(BUSINESS WIRE)–RLG Capital & Trinity Investors today announced an additional $54 million investment in learning solutions company eLearning Brothers (eLB), enabling its simultaneous acquisition of industry leaders Rehearsal and Origin Learning.

This injection of funds provided eLB with the capital needed to acquire these sector leaders and to recapitalize its debt. As part of the restructuring, Prudential’s PGIM Private Capital has replaced all previous debt providers and is now the sole debtholder for eLB, which better positioning the Company for future acquisitions. These acquisitions extend eLearning Brothers’ leadership in offering the most comprehensive learning and development products and services available.

Rapidly integrating into the eLearning Brothers platform, 1) Rehearsal and 2) Origin Learning join the expanding universe of eLB’s offerings, which also includes: 3) The Game Agency, transforming learning outcomes through game-based solutions; 4) Lectora, an industry-leading rapid authoring tool; 5) CenarioVR, a cutting-edge virtual reality course builder; and 6) Rockstar Learning Platform, a nimble learning experience system (LXP, a next-generation LMS). A further investment breakdown available by special request.

“This new investment is evidence of our continuing confidence in eLearning Brothers’ vision to create a one-stop integrated online platform for the corporate learning industry,” says Greg Robinson, Co-founder and Managing Partner of RLG Capital. “With our 5 acquisitions over the past 20 months, and with the growth of remote workers since the pandemic, the Company has leapfrogged the competition.”

About RLG Capital
RLG Capital is an operationally focused private equity firm committed to growing lower middle market companies with innovative products or services.

About Trinity Private Equity Group
Trinity is a private equity firm with a $4.7B+ portfolio, consisting of investments in small- to mid-sized companies and hospitality, commercial, mixed-use, multifamily, and other real estate assets.

Explore the timeline for eLB’s Rockstar growth to elevate learning.

About eLearning Brothers
eLearning Brothers offers products and services that help organizations create better learning experiences. Using industry-leading solutions, organizations can create and deploy effective and engaging learning.

eLB’s suite of products and services includes custom learning design and development, learning management systems / learning experience platforms, and development tools for creating interactive mobile learning, virtual reality, video-based coaching, and gaming learning experiences that rock.