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.
Brentwood has now returned more than its original investments without reducing its ownership stake, as reported by CNN Money.
“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.