Vista, LLR Partners to Sell Relias Learning to Bertelsmann
October 22, 2014
In a deal expected to close by the end of the year, Vista Equity Partners and LLR Partners reached an agreement to sell e-learning provider Relias Learning to Germany media company Bertelsmann (FWB: BTG4). The nine-figure purchase, reportedly around $540 million, is the acquirer's largest of a U.S. company since 1998. Backed by Vista since 2012, Relias Learning offers a learning management system and online training for employees in multiple industries, primarily within the healthcare sector. The company has over 4,000 institutional clients and offers about 2,500 different online courses.