Renovus Capital Partners Invests in Red Nucleus, the Premier Provider of Learning Solutions for the
Life Sciences Industry
View this email in your browser

October 28, 2016  Wynnewood, PA  Renovus Capital Partners (“Renovus”, or the “Fund”) announced an investment in Red Nucleus Solutions LLC. (“Red Nucleus” or the “Company”). Renovus is a private equity firm based outside of Philadelphia, PA, focused on businesses in the education, training, and human capital industries. This is the second investment coming out of the newly launched Fund II. Red Nucleus is a life sciences learning solutions company headquartered in Yardley, PA. As part of the transaction, Renovus acquired a stake in the business, with the founders retaining a significant interest in the Company.

Ian Kelly and Andrew Howe founded Red Nucleus in 2007, a leading full-service design and development provider of learning solutions for the life sciences industry. Through the Company’s best-in-class team, technologies and resources, Red Nucleus designs and produces a suite of learning elements which include, e-learning modules, mobile applications, virtual preceptorships, print modules and job aids, workshop design and facilitation, video production, and games that provide their customers with enhanced capabilities, increased responsiveness, and a comprehensive selection of targeted solutions.

Brad Whitman, Founding Partner of Renovus Capital, commented, “With treatments becoming increasingly specialized, there is a growing need to train life sciences sales representatives on the efficacy and medical impact of new therapies. Ian and Andy have built the leading company in this market, and we think there is a real opportunity with our capital to grow the business internationally and through acquisitions.”

Ian Kelly, Red Nucleus President concluded, “We couldn’t be more excited about the opportunities that this investment will afford our team members, clients, and the larger life sciences learning community. This partnership will enable us to expand our ability to bring best in class learning solutions to a broader, global market—something we’ve always dreamt about doing.”

DLA Piper advised Renovus while Berkery Noyes advised Red Nucleus on the transaction.

About Renovus Capital Partners
Founded in January 2010, Renovus Capital Partners is an education-focused private equity fund based outside of Philadelphia with $485 million in assets under management across two funds. Renovus invests in small and mid-sized businesses within the education, training and human capital sectors, including both educational institutions and companies that provide these institutions with technology, content and services as well as corporate training, consulting and outsourcing businesses. The Fund is particularly interested in growth-oriented businesses, and the Renovus team actively partners with management to build its portfolio companies through acquisitions, new strategic initiatives and operational improvements. The Renovus team has a combined 50+ years of experience investing in the education and training sectors and the founding partners have been working together since 2005. Renovus is a licensed SBIC.
Brad Whitman

Atif Gilani

Jesse Serventi

Fred Hill

Bill Landman
Grayson Harcourt

Mohammed Tufail
Renovus Capital Partners Portfolio

The Ariel Group is a provider of training programs that teach leadership and communications skills to mid- and senior-level executives.

Atomic Learning trains teachers and students on how to use a wide range of education-related software applications through an online platform with more than 50,000 individual tutorials.

Cooperative Strategies (fka Dolinka Group) is a provider of consulting services to K-12 schools with a focus on school facility planning and funding.

EDIC College is a career college offering associate’s degrees and certificates in a variety of health-related fields at three campuses in Caguas, Puerto Rico.

EMS is a medical simulation solutions provider to medical and nursing schools and hospitals. The Company designs, installs, and supports the technology platform that records and manages the activities occurring within medical simulation centers.

Hillsboro Aero Academy is a provider of ab initio pilot training to domestic and international students.  The Company offers a variety of training programs for both fixed wing and helicopter pilots and has approximately 450 students across its three campuses. 

Image Process Design provides enterprise content management solutions to healthcare, insurance and financial companies, under its Ultera brand. IPD intends to accelerate growth through additional investments in R&D, sales and marketing, as well as by partnering with Prime Technology Group, a Renovus portfolio company.

Linkage offers a variety of leadership training programs for senior and high potential executives of large companies, covering such areas as organizational development, innovation, team assessment and women in leadership.

Phoenix East Aviation is a provider of ab initio training for U.S. and international students seeking to become commercial pilots.  The school has approximately 300 students at its single campus in Daytona Beach, Florida.

Pragmatic Marketing provides product management training to technology companies around the world.  The company’s courses, taught by instructors with real-world experience leading product teams, are based on a proven framework for creating market-driven products people want to buy. 

Prime Technology Group is a provider of customized software solutions and mission critical IT services to insurance, healthcare and other companies that provide web-enabled services.  

South College of Tennessee is a private sector university offering a variety of degrees in health, legal, education and business, including a Master’s level program in Physician’s Assistant and a Doctoral level Pharmacist program. (Exited)

Stratus Prep is a provider of admissions counseling and test prep services to students applying to professional, graduate and undergraduate schools.  The Company delivers these services through a network of counselors who are all graduates of top business schools, many of whom have prior experience working in admissions departments at elite institutions. 

Telemedia, Inc is a provider of technical training content and programs for large industrial companies around the world.  Delivered both online and in-person, these programs train industrial workers to maintain and operate complex machinery, observe proper safety precautions and comply with government regulations.  

Versifit Technologiesis a leading provider of end-to-end data warehousing and analytic reporting solutions to school districts throughout the United States.  Versifit is a subsidiary of Atomic Learning.
Copyright © 2016 Renovus Capital Partners, All rights reserved.

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list