Educational Products and Services
Recapitalization of an existing investment with tight commitment timeframe
Falcon’s investment supported the Company’s acquisition of a complementary educational services business. Since that date, assets of college admission services company have been sold to a private equity group, however, Falcon continues to be supportive of the Company. The Company is a global leader in distance education. For more than 118 years, the Company has been providing career-focused training programs in the fields of health care, business, technology, automotive technology, and select trades. Nationally and regionally accredited, the Company’s High School serves more than 40,000 online students seeking individual courses or a complete diploma program.
Since its original investment, Falcon continued to work closely with the capital providers across the capital structure in order to play through the sale of a major division of the Company, as well as a participating and facilitating a fulsome recapitalization of the balance sheet.