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Golden Gate Capital to Acquire E-Learning Specialist Vector Solutions
Wednesday 07 November 2018

7 November 2018 - US-based private equity investment firm Golden Gate Capital has signed a definitive agreement to acquire eLearning and SaaS performance support solutions provider Vector Solutions from private equity firm Providence Equity Partners, the firm said.

CEO Jeff Gordon and the current management team will continue to lead Vector, which will remain headquartered in Tampa, FL. Financial terms of the transaction were not disclosed.

Founded in 1999, Vector is in industry-focused eLearning and SaaS performance support solutions.

The company serves a range of industries with online education, safety, compliance and performance-optimisation solutions.

With an extensive and growing library of more than 8,000 courses written by over 250 subject matter experts, Vector uses the latest innovations in learning and technology to create safer, more capable and compliant organizations across the commercial, education and public sectors.

Vector Solutions, a specialist in eLearning and performance support, provides award-winning SaaS solutions for the architecture, engineering, construction, industrial, facilities management, public safety, IT and education industries.

Its brands, RedVector, TargetSolutions, and SafeSchools, deliver continuing education, training, technology and performance management solutions using the latest innovations in learning and technology to create safer, more capable, more compliant organizations.

Its extensive online and mobile learning library exceeds more than 8,000 courses written by over 250 subject matter experts and reaches almost 6m professionals worldwide.

The company was founded in 1999 and is headquartered in Tampa, Florida.

Kirkland and Ellis LLP served as legal advisor to Golden Gate Capital. Robert W. Baird and Co. served as financial advisor to Providence and Weil, Gotshal and Manges LLP served as legal advisor.
Details
Date Published: 07/11/2018
Target: Vector Solutions
Country: USA
Sector: Computer Software
Type: LBO
Financing:
Status: Agreed
Vendor: Providence Equity Partners
Buyer: Golden Gate Capital
Buyer Advisor: Kirkland and Ellis
Comment:
Terms of the deal were not disclosed

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