Capital Roundtable

Marquee Sponsors

Contributing Sponsor


Association Partners

Marketing Partners

Data Partners

Partial List of
Past Attendees

ACON Investments
Advance Publications
Advisory Board Co.
Aliat Universidades
Almich & Associates
American Management Association
Ancora Education
Ashworth College
B. C. Ziegler & Co.
Becker Media
BMO Capital Markets
BSG Team Ventures
C2 Education
Carrick Capital
College of Health Care Professions
Cushman & Wakefield
Drinker Biddle & Reath
Duane Morris
Eden Capital Management
EPR Properties
Everest Group International
Family Office Co.
First Analysis Corp.
Foley & Lardner
Goldberg Kohn
GRO Capital
HCP & Co.
HQ Capital
Institute of Culinary Education
JM Search

Lazard Middle Market
Legend Rock Capital
LIM College
Lincoln International
Main Line Equity
Marcus & Millichap
McGraw-Hill Education
Morgan Stanley & Co.
Morowitz & Co.
Newlands Consulting
OFS Capital Management
Oliver Wyman
P. Sinaly CPA PC
Parchman Vaughan
Park Loop Investment
Penn Foster Education
Prairie Capital
Quad Partners
R3 Education
Relativity Education
Sage Heights
Shorelight Education
Silicon Valley Bank
Simple Entry
SJC Partners
SportsChallenge Leadership Academy
Sterling Partners
Stifel Investment
Sussman Sales
THL Credit
TriNet Group
Tyton Partners
Ultimate Medical Academy
University Ventures Fund
USA Funds
VKH Consulting
Wafra Partners
Weld North
Wells Fargo Securities




Why Investors Are Concentrating
On Tech-Enabled Niches in Education


Private Equity Investing

In Education-Focused Companies



Thomas J. Formolo


New Harbor Capital LLC



Drinker Biddle & Reath LLP




Goldberg Kohn



Thursday, January 26, 2017

8:00 am – 5:00 pm

New York City





James Armijo, SmartCare

Ed Comer, Certica Solutions Inc.

Brice Crawford, Parthenon-EY

Christina Erland-Culver, EdNexus Advisors LLC

Atif U. Gilani, Renovus Capital Partners

Chip Hurlburt, National Heritage Academies Inc.

William R. Loesch, Goldberg Kohn Ltd.

Robert Lytle, Parthenon-EY

Amy L. Margolis, Advance Publications Inc.

John D. Massengill, Advance Publications Inc.

James Menapace, Pearson Inc.

John R. Przypyszny, Drinker Biddle & Reath LLP

James A. Rowan, Stifel Investment Banking

Cameron G. Smith, Bennett Day School

Jonathan D. Tarnow, Drinker Biddle & Reath LLP

Robert L. Waldron, Curriculum Associates LLC

Shoshana M. Vernick, Sterling Partners
Ben Wallerstein, Whiteboard Advisors LLC

Robin Warner, DeSilva & Phillips LLC

Keith Westman, Otus LLC

Susan H. Wolford, BMO Capital Markets Corp.

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

Back in the day, buyouts of for-profit post-secondary school systems were the transactions that put private equity investors on the map in the education sector.


Nowadays, things have changed significantly. Investors have shifted their focus to smaller companies that have carved out niches in the K-12, ed tech, and continuing education and corporate training sectors -- examples are, more sophisticated testing and measurement tools, better data management processes and meeting other specialized educational needs.


Register now to Meet More Than 20 Private Equity Investors & Other Experts -- Gain valuable insights as our 20 conference speakers assess the outlook for education investing when you attend The Capital Roundtable’s all-day conference on “Private Equity Investing in Education-Focused Companies” on Thursday, January 26, 2017, in New York City.


Technology is a common element of the education industry’s infrastructure these days. For example, the expansion of testing in public schools and new performance metrics have forced schools to collect wads of new data. Which has also increased the need for data integration and application interoperability.


Look at New Harbor Capital, the firm headed by the chairman of our conference, Tom Formolo. It’s backing a company that integrates data from different software systems to eliminate duplicate data entry and allow easy collation of data from different sources.


Here are some other promising niches --


  • Digital content to help elementary schools catch up to the rest of the digital world.
  • New technologies for expanding distance learning.
  • Outsourcing at colleges of such functions as recruiting and financial aid administration.
  • Meeting corporations’ needs to improve employee and management skills, and to prepare people to take specialized certification exams.


Here Are Three Big Reasons Why You Should Join Us


  1. Learn which niches -- e.g., pre-school, K-12, testing, technology, and specialized training -- offer the best opportunities.
  2. Understand how venture capital and private equity investment dovetail in the education industry, and how VCs are generating deal flow for PE firms.
  3. Determine where the new federal administration will take the education industry over the next four years and how investing in the sector might be impacted.


By attending this conference, you'll hear Tom Formolo and 20 other speakers address such questions as --

  • How can private equity firms capitalize on the unmet need for digital content at the K-12 level?
  • What opportunities are being created by corporations’ need for better-trained workers?
  • What administrative functions can schools and universities outsource; and, which companies can provide them?
  • How are testing standards and other government mandates creating a need for new data tools in the public school system? How can private equity professionals capitalize on these needs?
  • What niches still have large numbers of companies that are sub-scale and are ripe for roll-ups?
  • What kind of education-focused companies justify double-digit ebitda multiples?
  • What kinds of technology and other needs will have to be met as distance learning increases?
  • How does the increased emphasis on early childhood intervention create investment opportunities?
  • Where will PE firms find exits -- strategics, other PE firms, IPOs?


Register Now to Meet Tom Formolo


Tom Formolo is a partner at New Harbor Capital. He formed the firm in 2013 after 23 years at CHS Capital (originally named Code Hennessy & Simmons). At CHS, he headed the business services, healthcare, and education teams. Before CHS, he worked in leveraged finance at Heller Financial.

Tom earned an MBA from Northwestern University and a BBA from the University of Wisconsin-Madison.

Here Are Three More Reasons You Should Join Us

  1. Note what characteristics to look for in young companies catering to the for-profit education sector.
  2. Learn about the larger trends driving the sector, such as the need to improve workers’ skills, demographic trends, and new technologies.
  3. Hear about the most innovative recent PE deals in education.


Register Now to Form Valuable Contacts
With Colleagues & Professionals


This Capital Roundtable conference is the ideal place to expand your network and open up pathways to future deals. The day’s agenda includes ample time to let you --

  • Meet fellow attendees and featured speakers
  • Enhance your personal database with valuable new connections
  • Share both ideas and business cards
  • Meet potential investment partners and clients

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 Sarah Burd today to confirm your attendance at 212-832-7300 ext. 0 or


 Who Should Attend


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




We look forward to having you join us on Thursday, January 26.


Conference Organizers


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




 Speaking & Business Development Opportunities


We offer excellent speaking, marketing, and business development opportunities to reach the middle‑market private equity community. For more details, please contact Kellie Green or Claire Notton at 212-832-7300 or by email at or




Have a Question?


Please contact Sarah Burd at or 212-832-7300 ext. 0.




Who We Are


This Capital Roundtable conference in midtown, New York City, is all-business, all-targeted, all-designed to be a completely focused day of practical information and revealing insights about education-focused companies. You’ll gain valuable insights from --

  • Three informative panel discussions
  • Two revealing keynote presentations
  • Real-world perspectives from education-focused experts
  • Industry outlooks from noted sector experts
  • War stories and lessons learned from experienced hands

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Chaired By

  • Thomas J. Formolo, Partner, New Harbor Capital LLC

Hosted By

  • Burt Alimansky, Chairman & CEO, The Capital Roundtable


  • James Armijo, President, SmartCare

    Ed Comer, V.P.--Services, Certica Solutions Inc.
  • Brice Crawford, Managing Director, Parthenon-EY
  • Christina Erland-Culver, President, EdNexus Advisors LLC
  • Atif U. Gilani, Founding Partner, Renovus Capital Partners
  • Chip Hurlburt, Past President & CEO, National Heritage Academies Inc.
  • William R. Loesch, Principal, Goldberg Kohn Ltd.
  • Robert Lytle, Managing Director & Co-Head--Education, Parthenon-EY
  • Amy L. Margolis, Principal--Origination, Advance Publications Inc.
  • John D. Massengill, Dir.--Strategy & Corporate Development, Advance Publications Inc.
  • James Menapace, Senior Vice President, Pearson Inc.
  • John R. Przypyszny, Partner, Drinker Biddle & Reath LLP
  • James A. Rowan, Senior Advisor--Education Investment Banking, Stifel Investment Banking
  • Cameron G. Smith, Chief Executive Officer, Bennett Day School
  • Jonathan D. Tarnow, Partner, Drinker Biddle & Reath LLP
  • Shoshana M. Vernick, Managing Dir.--Education Opportunity Fund, Sterling Partners
  • Robert L. Waldron, Chief Executive Officer, Curriculum Associates LLC
  • Ben Wallerstein, Chief Executive Officer, Whiteboard Advisors LLC
  • Robin Warner, Managing Director, DeSilva & Phillips LLC
  • Keith Westman, Chief Operating Officer, Otus LLC
  • Susan H. Wolford, Managing Dir. & Group Head--Tech. & Business Services, BMO Capital Markets Corp.

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Networking & Registration & Breakfast


Welcoming Remarks & Audience Self-Introductions


Conference Chairman’s Introduction--

  • Thomas J. Formolo, New Harbor Capital LLC


Morning Conversation --

Post Election Speculation --

How Will Trump’s Administration Impact Education?



Networking & Coffee


First Panel

 Testing & Measurement --

The Evolution of K-12 Assessments


Morning Keynote

Non-Political Education Markets --

Seeking Calm in Turbulent Waters




Networking & Luncheon  


Second Panel

Data Management & Integration --
Improving Outcomes by Improving Systems



Networking & Dessert


Afternoon Conversation

Corporate Training--

How Private Equity Is Closing the Skills Gap


Third Panel

Plotting Your Exit Strategy--

How to Indentify the Best Buyers


Networking & Adjournment



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Space at this conference is limited, so register as soon as possible to assure yourself a seat. To avoid disappointment, please contact Sarah Burd today to confirm your attendance at 212-832-7300 ext. 0 or


Please note that The Capital Roundtable limits the number of registrants from a single firm to three.


  • Best Rate -- Early Registration -- Save $400 off the standard fee of $1495 when you register by Friday, December 2, Just $1095.


  • Incentive Registration -- save $200 off the standard fee!
    Register by Friday, December 23, and the fee for the conference is $1295.


  • Conference Rate -- $1,495 increasing to $1,595 day of conference, space permitting.


  • Group Rate -- $995 each, when you register two or more people to attend from the same company.


Register Now


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., 747 Third Avenue, Suite 200, New York, NY 10017.

Have a special question? Please contact Sarah Burd at or 212-832-7300 ext 0.


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.

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Midtown, NYC

Details provided upon registration

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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.

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We offer excellent marketing and business development opportunities to reach the middle‑market private equity community. For more details, please contact Claire Notton at 212-832-7300 ext.117, or by email at

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