Investment Summary

Trinity Investors, RLG Capital and HCAP Partners Invest In ELB Learning

On May 5, 2020, private equity firm Trinity Investors, private equity firm RLG Capital and growth capital firm HCAP Partners invested in internet software and services company ELB Learning

Investment Highlights
  • This is Trinity Investors’ 1st, RLG Capital’s 1st and HCAP Partners’ 3rd transaction in the Internet Software and Services sector.
  • This is Trinity Investors’ 10th, RLG Capital’s 9th and HCAP Partners’ 47th transaction in the United States.
  • This is Trinity Investors’ 1st, RLG Capital’s 8th and HCAP Partners’ 1st transaction in Utah.

Investment Summary

Date 2020-05-05
Target ELB Learning
Sector Internet Software and Services
Investor(s) Trinity Investors
RLG Capital
HCAP Partners
Deal Type Acquisition Financing

Target

ELB Learning

American Fork, Utah, United States
ELB Learning provides a complete suite of integrated training development and delivery tools, including the leading authoring tool Lectora and virtual reality course builder CenarioVR. Learning developers can utilize these tools together with an extensive library of professionally designed eLearning templates, game modules, and courses. ELB Learning was founded in 2009 and is based in American Fork, Utah.

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Investor(S) 3

DESCRIPTION

Trinity Investors is a private equity firm focused on direct investments in real estate and operating companies. Trinity Investors was formed in 2006 and is headquartered in Southlake, Texas.


DEAL STATS #
Overall 11 of 19
Sector (Internet Software and Services) 1 of 1
Type (Acquisition Financing) 1 of 1
State (Utah) 1 of 1
Country (United States) 10 of 18
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-19 Chief Fire Prevention & Mechanical

Mount Vernon, New York, United States

Chief Fire Prevention & Mechanical is a service provider for commercial kitchen exhaust and pre-engineered fire suppression systems. Chief Fire’s maintenance services include grease and air duct cleaning, grease trap cleaning, and fire suppression system inspection and maintenance. Chief Fire Prevention & Mechanical was founded in 1979 and is based in Mount Vernon, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-19 Waterloo Sparkling Water

Austin, Texas, United States

Waterloo Sparkling Water is an independent sparkling water brand, focusing on fruit-inspired flavor and aroma and delivering a richer, more authentic taste. Waterloo is made with Non-GMO Project verified and Whole 30 Approved flavors, free of calories, sodium, sugar and artificial sweeteners. For the benefit of its fans and the environment, Waterloo has only ever been produced in aluminum cans made with BPA-free liners. Waterloo Sparkling Water was founded in 2017 and is based in Austin, Texas.

Buy -
DESCRIPTION

RLG Capital invests in companies with proven business models, sustainable market positions reliable cash flow & compelling growth potential, and partnering with management to develop and execute a growth strategy. RLG Capital was founded in 2013 and is based in Park City, Utah.


DEAL STATS #
Overall 9 of 10
Sector (Internet Software and Services) 1 of 1
Type (Acquisition Financing) 1 of 1
State (Utah) 8 of 8
Country (United States) 9 of 10
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 HealthyYOU Vending

Clearfield, Utah, United States

HealthyYOU Vending is a vending machine supplier in the U.S. that offers a flexible, scalable, and proprietary system for entrepreneurs who want to provide healthy snack options and be well rewarded. HYV's machines offer an ideal source of supplemental income for a relatively small initial investment. HealthyYOU Vending was founded in 2000 and is based in Clearfield, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-20 Kamaka Air

Honolulu, Hawaii, United States

Kamaka Air is an inter-island air cargo charter service provider, based in Honolulu, Hawaii.

Buy -
Investor

HCAP Partners

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2000
PE ASSETS 320M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Huntington Capital is a mezzanine finance firm that provides both debt and equity financing to established, lower middle-market companies throughout California and the Southwest US. The Firm targets growth companies with positive cash flow, diversified customers, defensible market positions, and experienced management. The Firm looks to invest $2 to $15 million in companies generating revenues of $10 to $100 million. Areas of interest include manufacturing, services, healthcare, software, homeland security, retail, and information technology. Prospective transaction situations include buyouts, acquisitions, recapitalizations, and growth capital financings. Huntington Capital was formed in 2000 and is based in San Diego, California.


DEAL STATS #
Overall 47 of 64
Sector (Internet Software and Services) 3 of 5
Type (Acquisition Financing) 2 of 2
State (Utah) 1 of 2
Country (United States) 47 of 63
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-06 Chordline Health

Wilmington, North Carolina, United States

Chordline Health is a provider of software and clinical solutions that support and improve medical management operations for health plans, TPAs, ACOs, and other case management organizations. Chordline Health was founded in 1983 and is based in Wilmington, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 Confirm BioSciences

San Diego, California, United States

Confirm BioSciences is a provider of diagnostic testing and health & wellness solutions for both the corporate community and individual consumers. Confirm BioSciences was founded in 2008 and is headquartered in San Diego, California.

Sell -