Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

October 2011


WorldStrides, LLC
Sale of Majority Interest to The Carlyle Group


Baird served as lead financial advisor to WorldStrides, LLC


WorldStrides, LLC (“WorldStrides” or the “Company”), a portfolio company of Charlesbank Capital Partners and Silverhawk Capital Partners, announced it has received a controlling investment from The Carlyle Group (“Carlyle”). Terms of the transaction were not disclosed.

Located in Charlottesville, Virginia, WorldStrides is the nation’s largest provider of supplemental educational student travel programs. The Company is the only provider to be accredited by all six of the regional accrediting bodies recognized by the Department of Education. WorldStrides leads group travel programs to more than 80 countries and serves approximately 200,000 students annually. Founded in 1967, WorldStrides has provided educational trips and accredited educational content to more than 4,000,000 students from elementary through graduate school.

Based in Boston and New York, Charlesbank Capital Partners is a middle-market private equity investment firm managing more than $2 billion of capital. Charlesbank focuses on management-led buyouts and growth capital financings, typically investing in companies with enterprise values of $100 million to $750 million. Silverhawk is an independent investment group established in 2005 to invest in management buyouts and other private equity transactions in the industrial, energy/natural resources and business service sectors.

Carlyle is a global alternative asset manager with approximately $153 billion of assets under management across 86 funds and 49 fund of fund vehicles. Carlyle employs more than 1,100 people in 34 offices across 6 continents.

For additional information about this transaction, please contact:
Managing Director
(312) 609-4972
Managing Director, Co-Head of M&A
(704) 553-6611
Managing Director
(617) 426-5789
Director
(312) 609-4922

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