Educational Products and Services - Falcon Investment Advisors

Educational Products and Services

Recapitalization of an existing investment with tight commitment timeframe

Business Description:

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.

Falcon Solution:

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.

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Investment Date:

DEC 2009

Transaction Type:

Acquisition

Industry:

Educational services; post-secondary education; secondary education

Sponsor:

Private equity group

Securities:

Senior subordinated notes, junior subordinated notes with equity interests and convertible preferred stock

Exit Date:

Current Investment