Acquired by Metalmark Capital and Silverhawk Capital Partners

Technology & Services
Acquired by Metalmark Capital and Silverhawk Capital Partners

Summary

Baird served as the exclusive financial advisor to WorldStrides on this transaction.

About

Metalmark Capital (“Metalmark”) and Silverhawk Capital Partners (“Silverhawk”) recently acquired a majority stake in WorldStrides (“WorldStrides” or the “Company”) from The Carlyle Group (NASDAQ-GS: CG). The terms of the transaction were not disclosed.

WorldStrides, serving approximately 400,000 students of all ages annually, delivers world-class educational content services and leads group educational travel programs to more than 100 countries. Since its founding in 1967, the company has provided educational programs and accredited educational content to more than 6 million students from elementary through graduate school. WorldStrides is accredited as a secondary school by five regional accrediting bodies in the United States. WorldStrides has a loyal customer base, having earned multi-year business relationships with teachers and school administrators by providing superior educational content and disciplined travel operations, and by prioritizing the safety of students. Headquartered in Charlottesville, Virginia, the company currently has more than 1,300 employees in 45 offices on six continents globally.

Metalmark Capital is a leading private equity firm whose principals have a long track record of successful investing in targeted sectors, with particular expertise and focus in business services, growth industrials, energy and healthcare. Metalmark Capital seeks to build long-term value through active and supportive partnerships with the companies and management teams in which it invests. Metalmark Capital is headquartered in New York, New York.

Silverhawk Capital Partners is an independent investment group established in 2005 to invest in management buyouts and other private equity transactions in the growth industrial, energy/natural resources and business service sectors. The partners of Silverhawk have invested as a team and operated businesses since 1989, and have successfully deployed more than $1.3 billion of capital at high rates of return. Silverhawk Capital Partners is headquartered in Greenwich, Connecticut.

The Carlyle Group is a global alternative asset manager with more than $188 billion of assets under management across 126 funds. Founded and headquartered in 1987 in Washington, D.C., Carlyle has grown into one of the world’s largest and most successful investment firms, with more than 1,700 professionals operating out of 35 offices in North America, South America, Europe, the Middle East, Africa, Asia and Australia.

For additional information about this transaction, please contact:

Andrew Snow +1 (312) 609-4972
Jordan Klein +1 (312) 609-4978
Brian McDonagh +1 (704) 553-6611
David Wierman +1 (404) 264-2211
Martin Luen +44 (207) 667-8381
Jeremy Fiser +1 (312) 609-7064
Technology & Services
Acquired by Metalmark Capital and Silverhawk Capital Partners
Date
February 2016
Company
WorldStrides
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

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