Brentwood Associates announces second dividend recapitalization of The Teaching Company
Brentwood Associates, a leading consumer-focused private equity investment firm, recently announced it has completed a second recapitalization of its portfolio company, The Teaching Company. The recapitalization is the second in the last twelve months and was financed through a $170 million credit facility.
“The Teaching Company has continued its impressive financial performance despite a challenging macroeconomic environment, and this year is on track to more than triple its revenue and profitability since our original acquisition in 2006,” said Eric Reiter, partner at Brentwood Associates.
Ares Capital Corp. provided the incremental financing for the recap in the form of a delayed draw term loan, reported peHUB.
This entry was written by Ashton Uytengsu, posted on March 7, 2012 at 11:57 am.
Tagged with: Brentwood Associates • CNN Money • dividend recapitalization • Eric Reiter • peHUB • private equity • Teaching Company