MasterClassTM

Capital Roundtable
.

Sponsors

Member

Association Partners

Research Partners

Media Partners

Partial List of
Past Attendees

1 On 1 Academic Tutors
2tor Inc.
Achieve3000 Inc.
AlixPartners LLP
All Star Directories Inc.
Altamont Capital Partners LLC
Alternative Latin Investor
Alvarez & Marsal Private Equity Services LLC
American Management Association Inc.
Angelo Gordon & Co. LP
Bilingual Buds
BMO Capital Markets Corp.
BMO Harris Bank
Bonnell Associates Ltd.
Brockway Moran & Partners Inc.
BSG Team Ventures
Business Development Asia LLC
Capital Roundtable
Carlyle Group LLC
Chicago Growth Partners
College Board
Company
Conversion Partners LLC
CORE Education & Consulting Solutions Inc.
Cressey & Co. LP
Cushman & Wakefield Inc.
DeVry Inc.
Dow Lohnes PLLC
Drinker Biddle & Reath LLP
Dutko Grayling
ECMC Group Inc.
Education Week
Educational Services of America
Edumetrix
eMCap Consulting Inc.
Epic Partners
Fifth Street Finance Corp.
ForProfit EDU
gabbegroup
gabbegroup 
GE Antares Capital Corp.
Gibson Dunn & Crutcher LLP
Gladstone Companies
Goldstein Education Group
Grant Thornton LLP
GSO Capital Partners LP
GSV Asset Management 
H. I. G. Growth Partners LLC
Hoffman Associates
Houlihan Lokey
Intrax Inc.
Investcorp International Inc.
JM Search
Landmark Partners Inc.
Lazard Middle Market LLC
Learning House Inc.
L'Epervier
Madzelan Associates
McGladrey
Med-IQ
Medtech LLC
Novak Biddle Venture Partners
Nuevo Agora Centros Educativos AIE
Orbis Education
Otis College of Art & Design
Palm Ventures LLC
Parthenon Group LLC
Peale Davies & Co. Inc.
Quad Partners LLC
Renovus Capital Partners
Shefrin Olson & Olive LLC
Signal Hill Capital Group LLC
Sterling Partners
Stifel Nicolaus Weisel
Stroll LLC
Student Center Inc. 
Summer Street Capital Partners LLC
Thomson Reuters Corp.
Vicis Capital LLC
Vision Capital Americas LLC
W. P. Carey & Co. LLC
Wafra Partners LLC
Wealth Partners Capital LLC
Winston Preparatory School
XRoads Solutions Group LLC
ZelnickMedia Corp

Clear the date January 16th on your calendar!

REGISTER NOW before it's too late! 

Attention -- Middle-Market Private Equity
& Mezzanine Investors & Lenders

 

Private Equity Investing
In For-Profit Education Companies

How Affordability Is the Game-Changer

For New Business Models

Register Now

                  

Chaired By

David L. Warnock, Founder

Camden Partners Holdings LLC

 

Marquis Sponsors

The Parthenon Group

Drinker Biddle & Reath LLP

 

Contributing Sponsor

Cushman & Wakefield Inc.

Featuring Insights from 20 Expert Speakers

 

George H. Bernstein, Nobel Learning Communities Inc.

Peter J. Cohen, McGraw-Hill School Education Group

Tisha S. Edwards, Baltimore City Public Schools

Lincoln E. Frank, Quad Partners LLC

William D. Hansen, United Student Aid Funds Inc.

Carter W. Harned, Leeds Equity Partners LLC

John M. Larson, Triumph Higher Education Group

Harold O. Levy, Palm Ventures LLC

Robert Lytle, The Parthenon Group

H. John Michel, Drinker Biddle & Reath LLP

Anthony W. Miller, Vistria Group LLC

Candice M. Olson, Fullbridge Program

Earle Pratt, New Horizons Computer Learning Centers Inc.

John R. Przypyszny, Drinker Biddle & Reath LLP

Richard  Rasmus, Calvert Education Services LLC

Seth Reynolds, The Parthenon Group

Jason Rosenberg, Sterling Partners

Burck Smith, StraighterLine

Ronald J. Tomalis, Pennsylvania Department of Education

Ben Wallerstein, Grayling

Scott A. Wieler, Signal Hill Capital Group LLC

Susan H. Wolford, BMO Capital Markets Corp.

 

 

 

Click Here to Register >>   Purchase Audio Package >>


 Visit Audio Library >>    Add to Outlook Calendar >>

 

FULL-DAY CONFERENCE

Thursday, January 16, 2014

8:00 am – 5:00 pm
New York Athletic Club

Designed to Meet the Needs of GPs, LPs, & Managers of Buyout, Growth Equity, Mezzanine, & Lending Funds, as well as Independent Sponsors, Operating Partners, Portfolio Company Managers, and the Bankers, Lawyers, Accountants,
& Other Advisors Who Support Them

Faculty | Schedule | Registration | Location | Sponsorship | Audio Package |

Affordability is the biggest issue facing the education industry today -- for for-profit companies and not-for-profit institutions alike.

 

As important as Americans say education is, and as strong as the correlation is between higher levels of education and lifetime income, most people are rapidly being priced out of traditional post-secondary education.

 

As a result, more and more providers are transforming their business models to cope with changes in affordability, funding, and student interests.

 

For example, the costs of site-based education are no longer sustainable, and online providers are going to dramatically increase market share using their disruptive pricing advantage.

 

Even the degrees they grant are up for review.

 

For example, the four-year model is being challenged by a growing number of two-year programs, often geared toward industry certification or associate degrees, and tightly focused on marketable job skills.

 

If you’re an investor in for-profit education companies, Register Now for The Capital Roundtable’s ENCORE conference -- “Private Equity Investing in For-Profit Education Companies” -- being held in New York City on Thursday, January 16.

 

At this conference, you’ll learn the potential of this transformation within all sectors of the industry --

  • Schools and Institutions -- companies providing early childhood education, private K-12 schools, charter school management, post-secondary education, and vocational training -- both online and on-site.
  • Educational Services -- companies providing outsourced services such as administrative functions, recruitment services, and supplemental programs for special populations.
  • Education Technology -- companies providing learning management systems, instructional technologies, e-learning platforms, career planning, and the popular large-scale MOOCs (massive open online courses).
  • Educational Content -- companies providing texts, curriculums, and online content that can be delivered by an institution under its own label.
  • Vocational Training -- companies providing training programs, continuing education, and specialized instruction to adults.

Facts like these are what make the for-profit education sector so appealing to investors --

  • The Schools and Institutions sector alone has over $400 billion in annual revenue, while venture capital investments in the Education Technology sector have ballooned to over $1.2 billion.
  • Valuations are cheaper than past historical multiples -- in 2012, the median EBITDA multiple was 10.3x, down from 12x in 2011.
  • 63% of the deal value last year in the for-profit education sector represented private equity transactions, compared to 51% of value in the prior year.

The trends are fascinating, and largely unaffected by regulatory changes emanating from the federal government. 

 

For one, certification training in many fields is proving to be as valuable as an associate or a bachelor degree, which cost far more. People with certifications in, say, VMware virtualization, Cisco networks, culinary skills, and more are often getting jobs that are just as good as those being offered to people graduating from conventional degree programs.

 

More and more private two-year curriculums are squeezing out four-year bachelor degrees. These academies and colleges teach technology-dependent areas such as game development, healthcare, marketing, filmmaking, and web design -- and are able to place students who can demonstrate current, viable skills.

 

And in the K-12 space, there is a new blurring of high school and college coursework that opens new areas to investors. Similar to yesterday’s advanced placement courses, many students now take post-secondary online courses and earn college credits at the same time they’re completing high school.

 

Here are 7 important reasons you should register now to attend this encore conference, “Private Equity Investing in For-Profit Education Companies” --

  • Learn how to benefit from today’s huge industry shift, with so many education companies revising their business models.
  • Understand why much of the industry is pursuing certification training for its huge cost benefit over degree programs.
  • Discover which skill-based training programs are becoming commodities and which have pent-up demand.
  • Recognize the ramifications of commercial textbook publishers and educational software vendors being eclipsed by new online players.
  • Hear why companies providing resources and technical support for MOOCs are flourishing, and why the MOOC trend shows no sign of abating.
  • Realize how game-based learning is finding its way into more and more K-12 classrooms, and why game designers are becoming part of the educational team.
  • Gain insight into whether privately-managed charter schools will continue to take market share from public schools.

To chair this encore conference, we welcome David Warnock, founder of Baltimore-based Camden Partners Holdings LLC -- a prominent private equity firm providing growth capital to lower-middle market companies in the education, healthcare, and business services sectors.

 

He serves on the boards of the following Camden Partners’ portfolio companies --

  • Calvert Education Services LLC
  • National American University Inc.
  • New Horizons Worldwide Inc.
  • Primo Water Corp.
  • Questar Assessment Inc.
  • Towne Park Ltd.
  • Ranir LLC

He formerly served on the boards of The Princeton Review Inc. and American Public Education Inc.

 

David co-founded Camden Partners in 1995. Previously, he was president of T. Rowe Price Strategic Partners and T. Rowe Price Strategic Partners II. He was also co-manager of the T. Rowe Price New Horizons Fund. He started his investing career at Welch and Forbes, Boston-based private trustees.

 

David earned a BA degree from the University of Delaware and a MS in finance from the University of Wisconsin. David is also a Chartered Financial Analyst Charterholder.

 

Register Now to Hear 20 Education Experts School You on Success

 

Along with David, our panel discussions will feature shared insights from 20 top PE professionals who are all successful experts in for-profit education companies.

 

You will hear real-world perspectives, lessons learned, and industry outlooks, plus insights on managing current portfolio companies.

 

Recent notable transactions in the for-profit education space include --

  • Camden Partners’ portfolio company Calvert Education Services acquiring VSCHOOLZ, a provider of digital learning solutions for the K-12 market.
  • Navis Capital Partners’ acquisition of Guardian Early Learning Group, Australia’s second largest operator of private childcare services.
  • Providence Equity Partners’ acquisition of five corporate training businesses from Informa plc, a leading academic publishing, business information, and events group.
  • TPG Capital’s acquisition from Charterhouse Group of TSL Education, publisher of the Times Educational Supplement.
  • Apex Partners’ purchase of the European education business of Career Education Corp.
  • The Riverside Company’s addition of BankersEdge financial services training to its OnCourse Learning platform.

By attending this Capital Roundtable conference, you’ll get answers to questions such as --

  • What is going to make the for-profit education sector more attractive to investors in 2014?
  • What key areas within the sector are likely to provide the best opportunities through 2014? Post-secondary education? K-12? Outsourced services? Training? Others?
  • How are lenders approaching education deals, and what factors are behind their decisions?
  • What metrics and valuation guidelines can help you judge a middle-market education company deal?
  • What misconceptions are there about for-profit education investments -- and what is the reality?
  • How can first-time investors in the space avoid traps and pitfalls?
  • What have been some recent notable deals with middle-market education companies?
  • How is new technology affecting all aspects of the education marketplace? What digital tools are tomorrow’s game-changers?
  • Is corporate America’s attitude changing towards the value of a typical bachelor degree?
  • Are there any new rules or regulations expected in 2014 affecting for-profit education?
  • What are the best practices for managing education portfolio companies? How are private equity firms adding value?
  • What are the most important things a firm has to get right when preparing education investments for exits?

Build Valuable Contacts Through Our Networking Opportunities

 

The day’s agenda includes ample time to let you --

  • Meet fellow attendees and featured speakers
  • Enhance your personal database with valuable connections
  • Share both ideas and business cards
  • If you’re an attorney or advisor, meet new potential clients
  • If you work as an executive search professional, meet potential prospects

Register Now to Receive Our Early Bird Discount

 

You will benefit from a generous discount of $400 off our regular price by making your reservations for this conference before November 22, 2013.

 

And keep in mind this conference is certain to fill up quickly, so you’ll want to register as soon as possible to assure yourself a seat.  Please contact our registrars, Hallie Watson and Joanna Levin, today to confirm your attendance at 212-832-7300 ext. 0, or hwatson@capitalroundtable.com.

 

We look forward to having you join us on January 16.

 

****

SPONSORSHIP OPPORTUNITIES

 

We offer excellent marketing and business development opportunities to reach the middle-market private-equity community. For more details, please contact Claire Notton at 212-832-7300 ext.101, or by email at cnotton@capitalroundtable.com.

 

This conference is being produced by The Capital Roundtable, America’s leading conference organization focusing on “need-to-know” information for professionals in the middle-market private equity community.  For more information about The Capital Roundtable’s 30 annual conferences and other events and programs, please visit www.capitalroundtable.com

 

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Faculty

Chaired By

  • David L. Warnock, Founder, Camden Partners Holdings LLC

Hosted By

  • Burt Alimansky, Chairman & CEO, The Capital Roundtable

Speakers

  • George H. Bernstein, President & CEO, Nobel Learning Communities Inc.
  • Peter J. Cohen, President, McGraw-Hill School Education Group
  • Tisha S. Edwards, Interim CEO, Baltimore City Public Schools
  • Lincoln E. Frank, Managing Partner, Quad Partners LLC
  • William D. Hansen, President & CEO, United Student Aid Funds Inc.
  • Carter W. Harned, Managing Director, Leeds Equity Partners LLC
  • John M. Larson, Executive Chairman, Triumph Higher Education Group
  • Harold O. Levy, Managing Director, Palm Ventures LLC
  • Robert  Lytle, Partner & Co-Head--Education Practice, The Parthenon Group
  • H. John Michel, Partner, Drinker Biddle & Reath LLP
  • Anthony W. Miller, Partner & COO, Vistria Group LLC
  • Candice M. Olson, Co-Chief Executive Officer, Fullbridge Program
  • Earle Pratt, Chief Executive Officer, New Horizons Computer Learning Centers Inc.
  • John R. Przypyszny, Partner, Drinker Biddle & Reath LLP
  • Richard Rasmus, Chief Executive Officer, Calvert Education Services LLC
  • Seth Reynolds, Partner, The Parthenon Group
  • Jason Rosenberg, Principal, Sterling Partners
  • Burck Smith, Chief Executive Officer, StraighterLine
  • Ronald J. Tomalis, Sr. Advisor to the Governor--Post Secondary Education, Pennsylvania Department of Education
  • Ben Wallerstein, Managing Director, Grayling
  • Scott A. Wieler, Chairman & CEO, Signal Hill Capital Group LLC
  • Susan H. Wolford, Managing Director & Head--Business Services, BMO Capital Markets Corp.

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Schedule

 

Conference
07:30 - 08:15
08:15 - 09:00
09:00 - 09:30
09:30 - 10:00
10:00 - 10:45
10:45 - 11:45

11:45 - 12:30

12:30 - 01:30
01:30 - 02:30


02:30 - 02:45
02:45 - 03:30
03:30 - 04:30

4:30

  

Thursday, January 16, 2014

Networking, Registration, & Breakfast

Welcoming Remarks & Audience Self-Introductions

Chairman's Keynote -- David L. Warnock, Camden Partners Holdings LLC
Morning Keynote -- Robert  Lytle,The Parthenon Group
Networking & Breakfast
Panel 1 --
"Transformative Changers & Adaptive Changers -- New Business Models That Will Revolutionize Education"
Morning Chat -- "Deal Flow in Education"

Networking & Luncheon
Panel 2
-- “Future of Post-Secondary Education Regulation --
Impact on Innovative Models”
Networking & Dessert

Afternoon Keynote -- Peter J. Cohen, McGraw-Hill School Education Group
Panel 3 --
“Technology in the Classroom -- Four Industry Leaders Report Their Views of the Horizon”
Networking & Adjournment

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Registration

  • Early Bird Registration Fee -- save $400 off the standard fee! Register by Friday, November 22, and the fee for the conference is $995.
  • Premiere Registration Fee -- save $200 off the standard fee! Register by Friday, December 13th, and the fee for the conference is $1195.
  • After that, the standard fee is $1395 for the conference.
  • At the door, if space is available, the fee is $1495 for the conference.
  • Special group rates -- The Capital Roundtable offers a special discount for 2 or more people.  For more info, please contact Hallie Watson at hwatson@capitalroundtable.com or 212-832-7300 ext 0.

 

Click Here to Register >>    Purchase Audio Package >>

 

 Visit Audio Library >>    Add to Outlook Calendar >>

 


You can pay by credit card (using the links above) or by check. Mail your check and business card to: New York Business Roundtable Inc., 12 East 44 Street, Penthouse, New York, NY 10017.

If the program is oversubscribed, we will notify you immediately and not charge your credit card.  (If you need to cancel, please do so by Thursday, January 9th at 5:00pm, and we will credit you for a future Roundtable.)


From time to time, for reasons beyond Capital Roundtable's control, program schedules and speakers become subject to change. We make every effort to announce substantive changes by email to registrants at least 48 hours in advance.

Have a special question? Please contact Hallie Watson at 212-832-7300 ext. 0 or by email at hwatson@capitalroundtable.com.

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Location

New York Athletic Club

180 Central Park South

New York, NY 10019

Dress Code:  Business attire, with jacket, for men.  Comparable attire for ladies.

 

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Audio Package

Can't attend but want to hear the program? You can buy the audio package along with the handouts. Purchase the audio package online now.

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Sponsorship

Do you provide a professional service to private equity firms or their portfolio companies and want to enhance your exposure to new clients? Ask us about our sponsorship opportunities! Contact Claire Notton at 212-832-7300 ext.117, or cnotton@capitalroundtable.com.

 

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