MasterClassTM

Capital Roundtable

Marquee Sponsors

 

Contributing Sponsor

Association Partners

Data Partners

 

Marketing Partner

Partial List of Past Attendees

 

Amerigo Education

Arcady Bay Partners

Ashworth College

Axial Networks

Azure Creek Capital

Bain Capital

Bookhead Ed Learning

BrainPOP

Bridges Fund Mgmt.

BSG Team Ventures

Cain Brothers & Co.

Carl Marks Advisors

China Hi-Tech Group

CIBC Bank USA

CIP Capital

College of Health Care Professions

Crestline Investors

Cushman & Wakefield

Duane Morris

EagleTree Capital

eChalk

Edmentum

EdNexus Advisors

Educfinance

Edufficient

Enova Decisions

Enterprise Ireland

Epic Partners

Erda Capital

Exceed Capital

FF Ventures

Flinn Scientific

Frontline Education

GEMS Education

Gladstone Companies

GLBL ED, S.A. de C.V.

Guild Education

Halladay Education

Heidrick & Struggles

Insight Venture

Institute of Culinary Education

Intersected Advisors

Investcorp Intl.

KIPP Foundation

Kitamba

Language Stars

Laureate Education 

Learn Capital

Learning.com

LearnStart

Lexplore

LLR Partners

Magnolia Capital

Marblegate

McGraw-Hill Education

McKinsey & Company

MHT Partners

Millpond Equity

Morgan Stanley & Co.

National Center for Faculty Development

NCK Capital

Northeastern Univ.

O'Donnell Learn

Parchman Vaughan

Penn Foster

Prairie Capital

ProBility Media Corp.

Quad-C Management

Renovus Capital

Safanad

SJF Ventures

Solamere Capital

Sollers College

Sprout Health Group

Sterling Partners

Stifel

Strada Education Network

Symposium Ventures

Tethys Invest

Tyton Partners

TZP Group

Universal Technical Institute

University Ventures

WorldBridge Partners

VisitDays Corp.

Weld North

Whiteboard Advisors

William Blair

 

 

Where to Invest
In the Education Industry --
Childcare to Higher Education,
And Everywhere in Between

 

 

Private Equity Investing

In Education-Focused Companies

                     

CHAIRED BY

Bradley L. Whitman
Founding Partner
Renovus Capital Partners


FULL-DAY CONFERENCE

Thursday, July 18, 2019

8:00 am – 5:00 pm

New York City

 

REGISTER NOW


MARQUEE SPONSORS

Drinker Biddle & Reath LLP

EY-Parthenon

 

CONTRIBUTING SPONSOR

Goldberg Kohn Ltd.

 

INSIGHTS FROM 20 EXPERT SPEAKERS!

Preliminary Speaker List

Jennifer L. Blum, Laureate Education Inc.

Frank F. Britt, Penn Foster Education Group Inc.
Brian P. Dietze, Stifel Financial Corp.

Dave Goldberg, Cadence Education

Kathy Ligon, Hinge Early Education Brokers
William R. Loesch, Goldberg Kohn Ltd.
Robert Lytle, EY-Parthenon

Bradley C. Palmer, Palm Ventures LLC

Gerald Pambo-Awich, Prudential Financial Inc
John R. Przypyszny, Drinker Biddle & Reath LLP

Zack Shah, Lincoln International LLC

Tom Slagle, Rasmussen College LLC

Ofa Stead, Sterling Partners
Jonathan D. Tarnow, Drinker Biddle & Reath LLP

Philip Vaccaro, EY-Parthenon

Robin Warner, Oaklins DeSilva & Phillips LLC
(more speakers coming soon)



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

For private equity investors in education-focused companies, these are incredibly busy times --  

  • An increase in federal spending has ignited investment interest in childcare and preschool companies.

  • Digital transformations -- like increased digital delivery of content -- in K-12 schools are helping the ed-tech market soar.

  • Excess capacity has come out of the post-secondary landscape, leading to a resurgence of interest from private equity investors.

You’ll gain valuable insights as our 21 expert panelists assess the outlook for the education industry and survey the prospects for each of its various subsectors when you attend The Capital Roundtable’s all-day conference on Private Equity Investing in Education-Focused Companies on Thursday, July 18, in New York City.

 

Benefiting from a rare period of agreement between the Republican administration and the Democratic Congress -- childcare and preschools have seen an upsurge in funding by federal, state, and local governments.

 

In addition, the investment landscape is very fragmented with many providers still owned by individuals, but not yet dominated by large providers, leaving middle market PE firms lots of room for roll ups and add-ons.

 

Meanwhile the K-12 market is complicated,  with new technologies rapidly changing the game. So putting the right people at the center of your education portfolio is paramount to keeping up.

Investors are spending more and more time developing world-class management teams to ensure their portfolio companies can provide teachers and students with instruction and support they need to succeed.

 

Some recent significant middle market deals include --

  • The Learning Experience, recently purchased by Golden Gate Capital Partners Group-backed KinderCare Education, acquired Troy, Michigan-based Rainbow Child Care Center from Quad-C Management.

  • Renovus Capital Partners bought Rasmussen College, a healthcare-focused college system with 10,000 students across 22 campuses.

  • Toronto’s Altas Partners bought the University of St. Augustine from Laureate Education in a deal worth $400 million.

  • Colibri Group, backed by Charlottesville’s Quad-C Management, acquired Allied Business Schools, which offers online real estate certification education.

  •  Dallas’s NCK Capital purchased Chicago-based Tricoci University of Beauty Culture.

For the past decade or so, private equity investors have hesitated to invest in post-secondary education companies -- ever since the Great Recession, and ever since the restoration of the Gainful Employment Rule.

 

But times are changing!   

  • Over 100 institutions closed their doors before the 2017-18 academic year -- continuing a long downward trend. But happily, at the surviving schools, enrollment and revenue are rising again.

  • Family offices, impact funds, and sovereign wealth funds are interested in improving access, affordability, and quality in the sector, whether as LPs, partners, or deal-makers in their own right.

  • The regulatory environment is more favorable, because the Gainful Employment Rule has been greatly scaled back – even though it remains on the books for now.

  • Many post-secondary schools are demonstrating better results when it comes to measures like gainful employment, hence making them more appealing to investors no matter the level of regulatory oversight.

  • Many PE investors believe that a recession is on the horizon.  In general, post-secondary education does well when the economy slows down and people who are unemployed go back to schools.  

  • Valuations remain reasonable, compared with other education sub-sectors like edtech.

  • It isn’t just investors who’re interested in this space – lenders have returned as well. For instance, Renovus financed the Rasmussen transaction with support from SunTrust, CIBC, and Bank of Ireland and NCK financed its acquisition of Tricoci in partnership with Greyrock Capital Group and NBH Bank.  

And the opportunity in the post-secondary sector is much larger than just investments in for-profit colleges. Many traditional colleges are adopting aspects of for-profit models and looking for partners.

  • TPG Rise Fund is partnering with Arizona State University to roll out a company that will work with employers who want to offer their workers online access to ASU’s programs.

  • Both University of Massachusetts and State University of New York are planning national online colleges for adult learners, and considering partnerships with online program managers.

 

Here Are Three Key Reasons Why You Should Join Us

 

  1. Hear how higher education is being remade to better support employers’ and students’ needs.

  2. Understand which education sub-sectors are most appealing.

  3. Get insight into the long-term regulatory outlook.

 

 

Click here to hear our 21 speakers address such key points -- 

 

  1. Family office and sovereign wealth fund interest in education investing

  2. Opportunities to work with non-profit colleges

  3. Tips for helping schools develop online offerings

  4. The latest trends in edtech

  5. The outlook for student debt

  6. How much leverage is available for higher-education deals now

  7. How to do your due diligence for both the bottom line and educational outcomes

  8. The Higher Education Act and state-level regulation

  9. For-profit colleges’ prospects after the 2020 elections

  10. Valuations of for-profit colleges vs. other education sub-sectors

  11. Other promising education sectors – like childcare companies

  12. Exit market trends

  13. How changing demographics impact education deal-making

  14. How a recession may impact the education sector differently than in the past

 

 

Register Now to Join Chairman Bradley Whitman

And More Than 20 Other Industry Experts

 

Mr. Whitman founded Renovus Capital Partners in 2010.  He leads buyout, mezzanine, and growth capital investments in small and mid-sized education, training, and human capital companies.  He also serves on the boards of 18 Renovus portfolio companies and is in charge of overall firm strategy. 

  

From 2005 to 2009 he was a managing director at Leeds Equity Partners, a prominent education-focused private equity fund founded in 1993. From 2000 to 2005 he was a vice president at Carlyle Group.  He began his career as an analyst in Merrill Lynch’s M&A group from 1998 to 2000.

 

From 2000 to 2005 he was a vice president at Carlyle Group, one of the world’s largest private equity funds.  He began his career as an analyst in Merrill Lynch’s M & A group from 1998 to 2000.

 

He earned an AB summa cum laude in economics from Harvard University. 

 

 

 

Other Recent MIddle-Market Education Deals

 

  • Education Principle Foundation, which has ties to Colbeck Capital, plans to buy some Art Institute campuses from Dream Center.

  • Marblegate Asset Management-backed Ancora Education purchased certain assets of Delta Career Education.

  • TPG Rise Fund is partnering with Arizona State University on a “learning-services company” to offer employers and research institutions access to its online courses.

  • Summit Partners sold Trident University International to publicly traded Career Education Corp. for between $35 million and $44 million.

  • Learners Edge, a portfolio company of L Squared Capital Partners, acquired the Teaching Channel, a subscription-based software platform where teachers can learn new techniques to improve student learning.

  • Renovus Capital Partners acquired and merged Clinical Care Options and Practicing Clinicians Exchange, two continuing medical education companies.

 

 

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 Chris Agar today to confirm your attendance at 212-832-7300 ext. 0 or cagar@capitalroundtable.com.



 

 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.

 

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We look forward to having you join us on Thursday, July 18, 2019.

 

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 25 annual conferences and other events and programs, please visit www.capitalroundtable.com.

 

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 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 kgreen@capitalroundtable.com or cnotton@capitalroundtable.com.

 

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Have a Question?

 

Please contact Chris Agar at cagar@capitalroundtable.com or 212-832-7300 ext. 0.

 

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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 companies. You’ll gain valuable insights from --

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

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Faculty

Chaired By

  • Bradley L. Whitman, Founding Partner, Renovus Capital Partners

 

Hosted By

  • Burt Alimansky, Chairman & CEO, The Capital Roundtable

Preliminary Speaker List

  • Jennifer L. Blum, S.V.P.--External Relations & Public Policy, Laureate Education Inc.
  • Frank F. Britt, Chief Executive Officer, Penn Foster Education Group Inc.
  • Brian P. Dietze, Head of Education Investment Banking, Stifel Financial Corp.
  • Dave Goldberg, Chief Executive Officer, Cadence Education
  • Kathy Ligon, Founder, Hinge Early Education Brokers
  • William R. Loesch, Principal, Goldberg Kohn Ltd.
  • Robert Lytle, Managing Dir. & Global Head--Education, EY-Parthenon
  • Bradley C. Palmer, Chairman, Palm Ventures LLC
  • Gerald Pambo-Awich, Dir.--Principal Investments & Strategic Initiatives, Prudential Financial Inc
  • John R. Przypyszny, Partner, Drinker Biddle & Reath LLP
  • Zack Shah, Managing Dir.--Education Services & Technology, Lincoln International LLC
  • Tom Slagle, Executive Chairman & CEO, Rasmussen College LLC
  • Ofa Stead, Operating Partner--Talent, Sterling Partners
  • Jonathan D. Tarnow, Partner, Drinker Biddle & Reath LLP
  • Philip Vaccaro, Managing Director, EY-Parthenon
  • Robin Warner, Managing Director, Oaklins DeSilva & Phillips LLC

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Schedule

 


 

     

     

    07:30-08:30

    Networking & Registration & Breakfast

    08:30-09:00

    Welcoming Remarks & Audience Self-Introductions

    09:00-09:30

    Conference Chair’s Introduction --

     

    • Bradley Whitman, Renovus Capital Partners

    09:30-10:15

    Morning Keynote  -- TBA

     


    10:15-11:00

    Networking & Coffee

    11:00-11:45

    Morning Conversation --
    The Regulatory & Legislative Outlook --  

    How Higher Education Act Reauthorization Could Change Investing

    11:45-12:45

    First Panel -- 

    Postsecondary School Investing 2.0 --

    Challenges & Opportunities


    12:45-01:45 Networking & Luncheon

    01:45-02:45

    Second Panel -- 

    Investing in Childcare & Pre-School Companies --

    What Are PE Firms Doing to Add Value?

     

    02:45-03:00

    Networking & Dessert

     

    03:00-03:45

    Afternoon Conversation --

    Working with Mission-Driven Investors --

    The View from Impact Investors & Family Offices


    03:45-04:45

    Third Panel --

    How to Find & Retain Top Talent -- Putting the Right People at the Center of Your Education Portfolio

    04:45

    Networking & Adjournment


  

 

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Registration

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

 

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

 

  • Best Rate -- Early Registration -- Save $300 off the standard fee of $1495 when you register by Friday, May 31. Just $1195.

 

  • Incentive Registration -- save $200 off the standard fee!
    Register by Friday, June 21, and the fee for the conference is $1295.

 

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

 

  • Group Rate -- $1095 each until Friday, June 21, when you register two or more people to attend from the same company . This rate increases to $1295 each after Friday, June 21.

 

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 Chris Agar at cagar@capitalroundtable.com 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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Location

Midtown, NYC

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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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Sponsorships

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 cnotton@capitalroundtable.com.

 

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