Chicago Growth Partners Completes Dividend Recapitalization Of Royall & Company

Royall’s consistent growth leads to refinancing and return of 50% of invested capital.

Chicago Growth Partners announced today that it has completed a dividend recapitalization of Royall & Company, the leading provider of marketing and admissions services to higher education.  Proceeds from the transaction were used to refinance the company’s existing debt and pay a dividend to shareholders.  The recapitalization was funded through a credit facility underwritten by GE Capital that will continue to support the company’s expected growth.

The transaction returned approximately 50% of invested capital two and a half years after CGP’s initial investment.  CGP invested in Royall in June 2008 based on the company’s market leadership, high client return on investment and excellent revenue visibility.  Despite the challenging economy since CGP’s investment, Royall has grown rapidly due to the ongoing enhancement and expansion of its service offering, enhanced sales and marketing and the addition of new customers.

Royall & Company is the leading provider of strategic direct marketing and admissions advisory services to higher education, serving traditional, non-profit colleges and universities.  The Company dominates the market through a broad and deep service offering and proven, outstanding client outcomes.  Royall serves as a trusted partner and strategic advisor to over 200 of the nation’s most prestigious colleges and universities who rely on the Company year after year to help them accomplish their critical objectives in undergraduate recruiting, graduate recruiting and advancement services.