The transaction is expected to be completed this fall. Founded in 2007, the company has experienced growth of 138 percent since 2014, with 750,000 learners and 19,000 business-to-business customers using its online platform. Berteslmann bought OnCourse Learning from New York-based private equity company CIP Capital, which acquired OnCourse Learning in 2014 for an undisclosed amount.Īt the end of 2017, OnCourse Learning employed 379 people and generated $77.1 million for that year. The deal, said by Reuters to be valued at $500 million, is one of Bertelsmann’s largest transactions in the American market.
#Oncourse learning brookfield wi professional#
The Willkie team was led by partner Matthew Rizzo and included partners Russell Pinilis, Geri Anne McEvoy and Eugene Chang, and associates Eric Halperin and Andrea Hwang.OnCourse Learning Corp., the Brookfield-based workforce and professional online training company, has been acquired by Bertelsmann, a Germany-based media learning company, in a deal worth nine digits. We offer over 400 webinars per year for bankers on compliance, BSA/AML, coaching, lending, bank call reporting and TRID - as well as hot topics on pandemic preparedness, Cares Act, regulation updates and much more. ONCOURSE LEARNING CORPORATION is a USA domiciled entity or foreign entity operating in the USA.
Education and Training Services (B2B) Brookfield, WI. Bertelsmann is a media, services and education company that operates in about 50 countries around the world, with 119,000 employees and generated revenues of €17.2 billion in the 2017 financial year. For 40+ years, OnCourse Learning has delivered pre-licensing, continuing education, professional development and compliance training to financial institutions and 190,000+ mortgage professionals. Provider of online professional training services dedicated to providing quality education among financial institutions. For more than 60 years, OnCourse Learning has been delivering continuing education, pre-licensing and corporate traini. CIP Capital targets investments in sectors including business services, marketing services, and knowledge services. OnCourse Learning offers educational products including state and federally approved pre-licensing and continuing education programs, accredited course content, exam prep tools, publications, e-books, events and a sophisticated and customizable learning management system and course-authoring tool.ĬIP Capital is a New York-based private equity firm focused on investing in growth-oriented, middle- market companies in North America. Headquartered in Brookfield, WI, OnCourse Learning delivers licensure, regulatory and compliance education products throughout the financial services, healthcare and real estate industries. Through its expansion into the healthcare market, OnCourse Learning established a market presence by serving hospitals, health systems, ambulatory centers, EMS providers, non-medical home care providers, assisted living facilities, skilled nursing and other long-term care customers. OnCourse Learning offers a proprietary, expert-based content library of over 22,000 unique courses across the healthcare, financial services and real estate markets. On November 1, Willkie client CIP Capital, a New York-based private equity firm focused on the business, marketing and knowledge services industries, completed the sale of OnCourse Learning to Bertelsmann Education Group, a division of Bertelsmann SE & Co KgaA.ĬIP Capital acquired OnCourse Learning in 2014 and over the past few years, OnCourse Learning completed seven acquisitions and aggressively invested in key sales, marketing and technology initiatives – including the launch of its OnCourse Direct learning management system. OnCourse Learning Feb 2014 - Jun 20151 year 5 months Pewaukee, Wisconsin, United States +Coordinated contracts with universities,colleges, and hotels +Coordinated with instructors to ensure.
Willkie represented CIP Capital in the transaction. Save on annual training costs with our Webinar Subscription Service and share webinars across your entire organization.
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