MasterClassTM

Capital Roundtable

Sponsors

 

Members

Association Partners

Research Partners

Media Partners

Partial List of
Past Attendees

1 On 1 Academic Tutors
2tor Inc.
Achieve3000 Inc.
AlixPartners LLP
All Star Directories Inc.
Altamont Capital Partners LLC
Alternative Latin Investor
Alvarez & Marsal Private Equity Services LLC
American Management Association Inc.
Angelo Gordon & Co. LP
Bilingual Buds
BMO Capital Markets Corp.
BMO Harris Bank
Bonnell Associates Ltd.
Brockway Moran & Partners Inc.
BSG Team Ventures
Business Development Asia LLC
Capital Roundtable
Carlyle Group LLC
Chicago Growth Partners
College Board
Company
Conversion Partners LLC
CORE Education & Consulting Solutions Inc.
Cressey & Co. LP
Cushman & Wakefield Inc.
DeVry Inc.
Dow Lohnes PLLC
Drinker Biddle & Reath LLP
Dutko Grayling
ECMC Group Inc.
Education Week
Educational Services of America
Edumetrix
eMCap Consulting Inc.
Epic Partners
Fifth Street Finance Corp.
ForProfit EDU
gabbegroup
gabbegroup
GE Antares Capital Corp.
Gibson Dunn & Crutcher LLP
Gladstone Companies
Goldstein Education Group
Grant Thornton LLP
GSO Capital Partners LP
GSV Asset Management
H. I. G. Growth Partners LLC
Hoffman Associates
Houlihan Lokey
Intrax Inc.
Investcorp International Inc.
JM Search
Landmark Partners Inc.
Lazard Middle Market LLC
Learning House Inc.
L'Epervier
Madzelan Associates
McGladrey
Med-IQ
Medtech LLC
Novak Biddle Venture Partners
Nuevo Agora Centros Educativos AIE
Orbis Education
Otis College of Art & Design
Palm Ventures LLC
Parthenon Group LLC
Peale Davies & Co. Inc.
Quad Partners LLC
Renovus Capital Partners
Shefrin Olson & Olive LLC
Signal Hill Capital Group LLC
Sterling Partners
Stifel Nicolaus Weisel
Stroll LLC
Student Center Inc.
Summer Street Capital Partners LLC
Thomson Reuters Corp.
Vicis Capital LLC
Vision Capital Americas LLC
W. P. Carey & Co. LLC
Wafra Partners LLC
Wealth Partners Capital LLC
Winston Preparatory School
XRoads Solutions Group LLC
ZelnickMedia Corp.

 

 

Clear the date July 25th on your calendar!

CLICK HERE now to register before it's too late!
 

Attention -- Middle-Market Private Equity

& Mezzanine Investors & Lenders

 

ENCORE CONFERENCE

Private Equity Investing in
For-Profit Education Companies

Activity is Gearing Up
With Strong Long-Term Macro Fundamentals


Attendance Is Limited --

Register Now

 

                                                                                          

CHAIRED BY

Avy H. Stein, CEO
Willis Stein & Partners LLC

 

Featuring 20 Expert Speakers, including --
Anant Agarwal, edX

Jay N. Bartlett, The Parthenon Group

Craig F. Cassell, Cushman & Wakefield Inc.

Alvin H. Crawford Jr., Knowledge Delivery Systems Inc.

Judith S. Eaton, Council for Higher Education Accreditation
Gregory Ferenbach, Dow Lohnes PLLC

Timothy E. Foster, Concorde Career Colleges Inc.

Lincoln E. Frank, Quad Partners LLC

Michael B. Goldstein, Dow Lohnes PLLC

Anthony J. Guida, Education Management Corp.
Tim Hannegan, Hannegan Landau Poersch Advocacy
David A. Hoverman, The Parthenon Group

J. Michael Locke, Rasmussen College Inc.

Barry F. Malkin, Apollo Global Inc.

Chip Paucek, 2U Inc.

Ralph Protsik, BSG Team Ventures

Nina S. Rees, National Alliance for Public Charter Schools

Andrew S. Rosen, Kaplan Inc.
Joshua N. Schwartz, East Wind Advisors LLC

Matthew J. Shafer, Vision Capital Americas LLC

Sally Stroup, Association of Private Sector Colleges & Universities
Trace Urdan, Wells Fargo Securities LLC
Kim Vender Moffat, Sterling Partners
Susan H. Wolford, BMO Capital Markets Corp.


 

Click Here to Register >>   Purchase Audio Package >>

 


 Visit Audio Library >>    Add to Outlook Calendar >>

 

FULL-DAY CONFERENCE

Thursday, July 25, 2013

8:00 am – 5:00 pm
New York City 

Designed to Meet the Needs of GPs, LPs, & Managers of Buyout, Growth Equity, Mezzanine, & Lending Funds, as Well as Independent Sponsors, Operating Partners, Portfolio Company Managers, and the Bankers, Lawyers, Accountants,

& Other Advisors Who Support Them

Faculty | Schedule | Registration | Location | Sponsorship | Audio Package |

Private equity investing in the for-profit education sector has been quiet lately.   

Investors have been lingering on the sidelines, keeping their eyes on Washington policies and politics.   

 

All the same, recognition is growing that it’s the private sector where solutions to America’s education problems are going to come from.

 

Take, for example, the Big New Thing -- competency-based learning.

 

This approach replaces traditional lectures, exams, and credit hours with the successful completion of assessments that prove students’ mastery of their subjects.   Accreditors are now recognizing this approach -- and the U.S. Dept. of Education has qualified it for Title IV funding.

 

This is a long-overdue shift the public has been clamoring for -- measuring quality by what students are able to master, not by time spent in a classroom -- and the private sector is offering numerous opportunities to ride this wave.

 

Another example is the push to enhance offerings in the K-12 space, potentially opening up more early childhood and supplemental education.

 

And many for-profit providers are finding opportunities in partnerships with hospitals and universities and other large employers, so what was once a demand stemming primarily from affluent parents is now trickling downwards.

 

These are just some of the excellent reasons why investors who appreciate expanding opportunities in attractively-priced companies belong at The Capital Roundtable’s ENCORE conference -- “Private Equity Investing in For-Profit Education Companies,” being held in New York City on Thursday, July 25th.

 

Here are even more reasons that new technologies have created among education companies focused on support services --

  • Teacher Evaluations -- now being put into the hands of third parties.
  • Enrollment Specialists -- outsourcing this key activity to dedicated firms.
  • Student Services and Job Placement -- increasingly being turned over to middle-market providers.
  • Admissions and Financial Aid IT -- with huge interest in software and SAAS providers.
  • Massive Open Online Courses -- helping institutions deliver large-scale MOOCs that are typically free to take and to serve to build an institution’s brand.
  • Syndicated Content -- helping institutions save on course development and faculty costs with pre-packaged curriculums to be delivered online with the institution’s own brand.

No argument, this is an amazing moment for private equity investors to explore for-profit education opportunities. And this encore conference from The Capital Roundtable is particularly valuable if you are new to the education marketplace and need to understand its particular complexities such as the Higher Education Reauthorization Act implications.

 

Just consider --

  • The education sector represents the second biggest category of GDP, so there’s a lot of need to address.
  • 63% of the deal value last year in the for-profit education sector represented private equity transactions,  up from 51% the year earlier.
  • There are hundreds of education companies ready for purchase at extremely low multiples -- 4-5 times EBITDA.

It’s important to realize that for financial and other ingrained reasons, not-for-profit education providers have long favored the status quo over cutting-edge innovation.

 

Yet new wave methods are exactly what students, parents, and employers believe is necessary for America to keep pace with the world. Delivering education through the right means for success -- be it online, ground-based, a blended model or some other hybrid -- continues to be a for-profit industry specialty.

 

Here are just 6 important reasons to register now to attend this encore conference, “Private Equity Investing in For-Profit Education Companies,” being held in New York City on Thursday, July 25th --

  • Realize why competency-based education is being pushed for preparing people for jobs and job skills.
  • Understand how to participate in the push to improve early childhood education.
  • Hear which sub-sectors and companies are trading at the lowest multiples and where valuations are heading.
  • Discover how the new generation of “digital natives” and the push for universal broadband is feeding online innovation.
  • Recognize which emerging technologies have the most potential to create disruption -- and opportunity -- within the market.
  • Learn why both for-profit and not-for-profit institutions share the same need for lower-cost, more efficient service delivery.

 

In the post-secondary area, for-profit universities are gaining new respect with their innate ability to excel at competency-based learning.  

 

Capella University is now enrolling hundreds of students using this method, which can be efficiently delivered online with students proceeding at their own pace, and with faculty spending time shaping the assessments and communicating back-and-forth with students.

 

Competency-based education also has high applicability for the corporate training and development market, where there are huge opportunities for companies that can build a model that succeeds among the sector’s traditionally lower margins.

 

For-profit institutions with established track records in competency-based post-secondary education are in excellent positions to expand into training.

To chair this timely conference, we’re delighted to welcome Avy H. Stein, chair of Education Corporation of America, which owns Virginia College, Golf Academy of America, Ecotech Institute, Virginia College Online, Culinard – The Culinary Institute of Virginia College and New England College of Business and Finance (NECB). He also serves as the CEO of Willis Stein & Partners, where he is responsible for managing the affairs of Willis Stein and the firm’s private equity funds which have investments in education, recycling, telecommunications, energy, and consumer areas.

 

Prior to forming Willis Stein, Avy was a managing director of the private equity arm of Continental Bank Corp. -- which was acquired by Bank of America in 1994. He has also served as a consultant on acquisitions, dispositions, and restructurings for NL Industries as founder and CEO of Regent Corp. and its affiliates, as president of Cook Energy Corp., and as an attorney with Kirkland & Ellis.

 

He serves on the boards of Education Corporation of America, Interval Leisure Group, Roundy's Inc, Strategic Materials, Inc., and Velocitel. He also serves on the board of APSCU (Association of Private Sector Colleges and Universities).He is a member of the board and executive committee of the University of Illinois Foundation and the Ravinia Festival.

 

Avy received his law degree from Harvard Law School, holds a BS degree in accountancy from the University of Illinois, and is also a CPA.

 

Register Now to Hear 20 Education Specialists Teach the Pathways to Success

 

Led by our chair, this conference on July 25th will bring you four panel discussions and feature the shared insights from twenty top PE professionals who are all successful experts in for-profit education companies.

 

You’ll hear from GPs, operating executives, investment bankers, lenders, consultants, and more -- offering real-world perspectives, lessons learned, and industry outlooks, plus insights on managing current portfolio companies.

 

Plus, you will find out about recent notable industry deals including --

  • John Wiley’s acquisition of online education company Deltak.edu LLC, a provider of marketing and curriculum support to colleges and universities.
  • Pearson’s acquisition of EmbanetCompass, a provider of support services for colleges and universities moving their programs online.
  • Sterling Partners’ acquisition of Plattform Advertising, a provider of enrollment-management services to colleges and universities, from Arlington Capital Partners.

By attending this Capital Roundtable conference, you’ll be ahead of the pack in recognizing and seizing today’s most promising opportunities come your way. We’ll answer such questions as:

  • Which market segments are likely to provide the best returns for 2013 and 2014?
  • What are some of the main challenges that PE investors are facing in the education sector?
  • How eager are lenders to finance for-profit education deals?
  • What are the most common misconceptions about investing in for-profit education … and what is the reality?
  • How can first-time investors in the sector avoid traps and pitfalls?
  • What are the best practices of managing portfolio companies in the sector?
  • How is the legislative climate changing toward for-profit education, and what regulation can and cannot be expected in the future?
  • What are the metrics and valuation guidelines that can help you judge a middle-market education deal?
  • What have been some recent notable deals with middle-market education companies?
  • Which education-related technologies and digital tools have the most impact on the industry today?
  • How are private equity firms adding value to their education portfolio companies?
  • How should you be preparing your current portfolio companies for exits?

Register Now to Build Valuable Contacts Through Our Networking Opportunities

The day’s agenda includes ample time to let you:

  • Meet fellow attendees and featured speakers
  • Enhance your personal database with valuable connections
  • Share both ideas and business cards
  • If you’re an attorney or advisor -- Meet new potential clients
  • If you work as an executive search professional -- Meet potential prospects

Register Now to Receive Our Early Bird Discount

You’ll benefit from a generous discount of $400 off our regular price, simply by making your reservations for this conference before May 31, 2013.

And keep in mind this conference is certain to fill up quickly, so you’ll want to register as soon as possible to assure yourself a seat. To avoid disappointment, please contact Mara Kane today to confirm your attendance at 212-832-7300 ext. 0 or mkane@capitalroundtable.com

 

We look forward to having you join us on July 25th.

This conference is being produced by The Capital Roundtable, America’s leading conference organization focusing on “need-to-know” information for professionals in the middle-market private equity community.  For more information about The Capital Roundtable’s 30 annual conferences and other events and programs, please visit www.capitalroundtable.com.

^ Back to Top ^

Faculty

Chaired By

  • Avy H. Stein, CEO, Willis Stein & Partners LLC

Hosted By

  • Burt Alimansky, Chairman & CEO, The Capital Roundtable

Speakers

  • Anant Agarwal, President, edX
  • Jay N. Bartlett, Partner, The Parthenon Group
  • Craig F. Cassell, Senior Director, Cushman & Wakefield Inc.
  • Alvin H. Crawford Jr., Chief Executive Officer, Knowledge Delivery Systems Inc.
  • Judith S. Eaton, President, Council for Higher Education Accreditation
  • Gregory Ferenbach, Member, Dow Lohnes PLLC
  • Lincoln E. Frank, Managing Partner, Quad Partners LLC
  • Anthony J. Guida, S.V.P. -- External Affairs, Education Management Corp.
  • Timothy E. Foster, Chairman, Concorde Career Colleges Inc.
  • Michael B. Goldstein, Member, Dow Lohnes PLLC
  • Tim Hannegan, Principal, Hannegan Landau Poersch Advocacy
  • David A. Hoverman, Partner, The Parthenon Group
  • J. Michael Locke, Chairman & CEO, Rasmussen College Inc.
  • Barry F. Malkin, Vice President & Head--Corporate Development, Apollo Global Inc.
  • Chip Paucek, Chief Executive Officer, 2U Inc.
  • Ralph Protsik, Managing Director, BSG Team Ventures
  • Nina S. Rees, President & CEO, National Alliance for Public Charter Schools
  • Andrew S. Rosen, Chairman & CEO, Kaplan Inc.
  • Joshua N. Schwartz, Managing Director, East Wind Advisors LLC
  • Matthew J. Shafer, Partner, Vision Capital Americas LLC
  • Sally Stroup, E.V.P.--Govt. Relations & General Counsel, Association of Private Sector Colleges & Universities
  • Trace Urdan, Managing Director, Wells Fargo Securities LLC
  • Kim Vender Moffat, Principal, Sterling Partners
  • Susan H. Wolford, Managing Director, BMO Capital Markets Corp.

Additional Speakers to be announced

^ Back to Top ^

Schedule

 

Conference
07:30 - 08:15
08:15 - 09:00
09:00 - 09:45
09:45 - 10:30
10:30 - 11:00

11:00 - 12:15

12:15 - 01:15
01:15 - 02:15


02:15 - 03:15


03:15 - 03:30

03:30 - 04:30


04:30

  

Thursday, July 25, 2013

Registration, Networking, & Continental Breakfast

Welcoming Remarks & Audience Introductions

Introductory Keynote -- Parthenon

Chairman's Keynote -- Avy H. Stein

Coffee & Networking Break

First Panel --"Emerging Investment Opportunities -- Disruption & Transformation in the Brave New World of Post- Secondary Education”

Luncheon & Networking

Second Panel -- “From the Trenches -- Managing Education Investments in the New Environment”

Third Panel --“Navigating the Regulatory Issues -- Industry Experts Analyze the Impact of Regulation in the Education Industry”

Afternoon Break

Fourth Panel -- “Perspectives from the C Suite -- Senior Education Executives Reflect on the Road Ahead”
Networking & Adjournment

 

^ Back to Top ^

Registration

  • Early Bird Registration Fee -- and save $400 off the standard fee! Register by May 31st, and the fee for the conference is $995.
  • Premiere Registration Fee -- save $200 off the standard fee! Register by Friday, June 21st, and the fee for the conference is $1195.
  • After that, the standard fee is $1395 for the conference.
  • At the door, if space is available, the fee is $1495 for the conference.
  • Special group rates -- The Capital Roundtable offers a special discount for 2 or more people.  For more info, please contact Mara Kane at mkane@capitalroundtable.com or 212-832-7300 ext 0.

 

Click Here to Register >>    Purchase Audio Package >>

 

 Visit Audio Library >>    Add to Outlook Calendar >>

 


You can pay by credit card (using the links above) or by check. Mail your check and business card to: New York Business Roundtable Inc., 12 East 44 Street, Penthouse, New York, NY 10017.

If the program is oversubscribed, we will notify you immediately and not charge your credit card.  (If you need to cancel, please do so by Thursday, July 18th at 5:00pm, and we will credit you for a future Roundtable.)


From time to time, for reasons beyond Capital Roundtable's control, program schedules and speakers become subject to change.  We make every effort to announce substantive changes by email to registrants at least 48 hours in advance.

Have a special question?  Please contact Mara Kane at 212-832-7300 ext. 0 or by email at mkane@capitalroundtable.com.

^ Back to Top ^

Location

New York Athletic Club

180 Central Park South

New York, NY 10019

(Jacket and tie required)

^ Back to Top ^

Audio Package

Can't attend but want to hear the program? You can buy the audio package along with the handouts. Purchase the audio package online now.

^ Back to Top ^

Sponsorship

The Capital Roundtable offers excellent marketing and business development opportunities to reach the middle-market private-equity community. For more details, please contact Cathy Christino at 212-832-7300 or by email at cchristino@capitalroundtable.com.

^ Back to Top ^