Chicago Growth Partners Leads Recapitalization of Royall & Company

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.

Royall’s services comprise all aspects of an institution’s yearly recruiting effort, including student search, ongoing communication, application, event marketing, qualification programs and market research. On behalf of clients, Royall annually creates and deploys over 300 million e-mails and 30 million mailings, and engages more than five million students with personalized websites and messaging. Royall currently serves approximately 200 public and private institutions in 40 states and Canada.

Royall’s clients engage the Company for a variety of reasons, including the need to increase enrollment, desire to “shape” the class, or for advice on how it can more effectively position the institution to prospective students. Royall is widely regarded as the market leader due to its unmatched customer service, exceptionally high quality program delivery, exclusive focus on traditional colleges and universities, and the efficacy of its direct marketing channels.

“In our business we look at countless companies that claim to be market leaders who service their customers well,” commented Rob Healy, General Partner of CGP and member of the Board of Directors of Royall. “Very few come to enjoy the market dominance of Royall & Company or have customers who so highly value the services they render.”