L Squared Completes Sale of Learners Edge

L Squared Capital Partners ("L Squared" or "the Firm") has successfully sold its equity interests in Learners Edge (the "Company") to Quad-C Management, Inc. ("Quad-C"). The sale of Learners Edge represents the fourth exit from L Squared's 2014 vintage year fund, and the Firm's third success story within the education space. The Company was founded in 2002 to provide continuing education courses to help teachers reach the highest levels of success in their classrooms. By 2020, Learners Edge had completed two add-on acquisitions and grew to become one of the leading national providers of professional education solutions across the entire teacher lifecycle.

L Squared recapitalized Learners Edge in September of 2016. Since that time, L Squared has recruited a world-class management team, helped complete two acquisitions and supported the team with various strategic growth initiatives, including geographic expansion and sales and marketing. These efforts, alongside management, led to strong financial performance. Company revenue increased more than 2.5x over this period.

"We are incredibly proud of what we accomplished working with Jim and the management team at Learners Edge," said Adam Kimura, Principal at L Squared. "This transaction is a testament to the tremendous impact the Company has on teachers across the country and validates the hard work invested by the entire team to ensure teachers have the proper support to help students reach their educational potential. On behalf of L Squared, we wish them continued success with Quad-C."

"L Squared has been a great partner for us," commented Jim Hall, CEO of Learners Edge. "Their valuable support and deep education experience helped us grow to serve more than 35,000 educators annually. L Squared was also instrumental in sourcing and completing two transformative acquisitions. We want to thank them for strategically positioning Learners Edge for the next phase of growth with our new partners."

L Squared and the Company were advised on the transaction by Baird and Vedder Price P.C.

About Learners Edge

Learners Edge supports educators across the country at every stage of their professional lifecycle. With a team dedicated to alternative teacher certification, another providing continuing education and professional development, and an additional team supporting teacher training and coaching in higher education, the portfolio of Learners Edge is continually working towards its mission of improving the quality of teaching and learning. For additional information, please visit www.learnersedge.com; www.iteach.net; www.teachingchannel.com.

About L Squared Capital Partners

L Squared makes long-term investments in leading growth companies that operate in targeted sectors: Education Technology, Tech-Enabled Services & Software, and Industrial Technology & Services. Our unique investor base of family offices enables us to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing. The principals of L Squared have worked together for over 15 years and have over 75 years of combined experience investing in growing private companies. For additional information, please visit www.LSquaredCap.com.

About Quad-C Management, Inc.

Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a middle market private equity firm focused on investing in well-established business and consumer services, healthcare, industrials specialty distribution, and transportation/logistics companies. In its three-decade history, Quad-C has invested over $3 billion of capital in more than 65 platform companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value. Learn more about Quad-C at www.quadcmanagement.com.

This press release is for informational purposes only and is not intended as investment advice or an offer or solicitation with respect to the purchase of any investment. Investing with any investment firm is suitable only for qualified investors that fully understand the risks of such an investment. L Squared Capital Partners is an investment adviser registered with the United States Securities and Exchange Commission. Registration does not imply a certain level of skill or training. Investments with L Squared Capital Partners are only offered in accordance with applicable securities laws.