Deal continues CGP’s investment focus on Education and Business Services.
We are pleased to announce the final platform investment in Chicago Growth Partners, L.P. and the first platform investment of Chicago Growth Partners II, L.P. (“CGP II”), the recapitalization of Royall & Company of Richmond, Virginia. Royall is the nation’s leading provider of recruitment services to traditional colleges and universities. CGP led the recapitalization of Royall, partnering with the Company’s management team. …Read More
Fund Experiences Strong Demand from LPs Seeking Growth Buyouts.
We are pleased to announce the final closing of Chicago Growth Partners II, LP (CGP II) at $500 million, exceeding our initial goal of $400 million. Anchor investors including Goldman Sachs, the State of Minnesota and Skandia reinvested with increased commitments, helping facilitate an extremely efficient fundraising process. For CGP II, we look to continue with our successful investment strategy, primarily targeting investments in small growth buyouts. …Read More
Healthcare Education Provider Generates Another Win for CGP.
Chicago Growth Partners is pleased to announce the signing of a definitive agreement to sell 100% of U.S. Education Corporation to Devry Inc. for $290 million. The sale marks the end of a successful six-year investment, during which U.S. Education grew to become one of the leading providers of healthcare education in the western United States. U.S. Education prepares students for careers in healthcare through certificate and associate degree programs in rapidly growing fields such as nursing, radiography, surgical technology, pharmacy technology, dental hygiene, and medical and dental assisting. The company operates 17 campus locations in the western United States and currently serves more than 8,500 students and has more than 65,000 alumni. U.S. Education operates with a long-standing commitment ...Read More
Deal capitalizes on increasing demand for Benetech’s highly engineered safety related products and services in the energy sector.
We are pleased to announce the 13th investment of Chicago Growth Partners, L.P. (“CGP”), the recapitalization of Benetech, Inc. of Montgomery, IL. Benetech is a leading provider of material handling and dust management solutions, primarily serving electric utilities. CGP, whose partners manage a $1.2 billion private equity portfolio, led the recapitalization of Benetech, partnering with the company’s management team, led by CEO and President, Ronald Pircon, and the Private Equity Group of Goldman Sachs Asset Management. Golub Capital provided the senior debt financing for the transaction. …Read ...Read More