ClearLight Partners Makes Significant Equity Investment in The Richardson Group

Richardson, a leading sales training and consulting firm, announced today that ClearLight Partners, LLC, a private equity firm with a special interest and dedication to the field of education and professional development, has made a significant investment in The Richardson Group. The investment will enhance Richardson's ability to implement its growth strategy, including aggressively expanding its global footprint and broadening the depth and breadth of services offered to its clients.

In connection with the investment, Linda Richardson, Company Founder and current Chief Executive Officer (CEO), announced that David DiStefano will be promoted to President and CEO, and that she will assume the dual role of Executive Chairman and Curriculum and Relationship Strategist. This role will allow Ms. Richardson to focus her efforts on product development, solution customization, and the innovation and quality of Richardson's training and consulting solutions.

"In ClearLight we have found a partner with the same commitment to education and quality that has driven us for the past 28 years," says Linda Richardson. "Our partnership with ClearLight will support us in taking the next steps, not only with financial capital, but with the intellectual capital provided by the superb ClearLight team. David and I have worked closely together for 14 years in building and implementing our strategy. That work will continue. I am delighted to see him at the helm of Richardson as our President and CEO. It will be my pleasure to continue to work with our clients, David, and ClearLight as we move forward."

Mr. DiStefano has been with Richardson for 14 years and has served as Executive Vice President and Chief Operating Officer (COO) since 2002. Mr. DiStefano will be responsible for establishing the strategic plan and direction of Richardson, ensuring its successful execution, and positioning Richardson as one of the premier sales training and consulting organizations.

"I am extremely excited and honored to succeed Linda as President and CEO of Richardson," replied Mr. DiStefano. "Linda has done an incredible job building this company since its inception. I am looking forward to strengthening this exceptional foundation that has been created, continuing to work with Linda, partnering with ClearLight, and achieving our success by bringing the highest level of value and commitment to our clients and team."

Jay Shepherd, Partner at ClearLight, stated, "We are delighted to invest in an excellent, industry-leading company like Richardson. We look forward to our partnership with the company and its outstanding management team. ClearLight is committed to providing the resources necessary to help Richardson realize its strong growth potential and provide its clients with world-class services."

About Richardson

Richardson (http://www.richardson.com) accelerates the productivity of sales professionals by ensuring they have the skills, strategies, and processes to achieve their objectives and implement their organization's strategy. Utilizing a comprehensive curriculum, coaching, consulting, diagnostic testing tools, and a proprietary customization process, Richardson helps develop the critical skills sales organizations need to win. Richardson's curriculum includes sales, sales management, strategy, negotiations, and service training delivered through seminars, one-on-one and team coaching, and interactive eLearning.

About ClearLight Partners

ClearLight Partners (http://www.clearlightpartners.com) is a private equity firm based in Newport Beach, California, currently investing a $300 million fund. ClearLight invests in leading, middle-market companies, and in partnership with its management teams, contributes to their growth and development. The Principals of ClearLight were previously Operating Executives of successful growth companies, and now bring both extensive operating and financial expertise to their partnerships with portfolio companies. ClearLight seeks to partner with management teams that have both a strong track record and the vision and desire to build their companies into industry leaders.

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