{"id":39234,"date":"2009-11-10T07:00:52","date_gmt":"2009-11-10T12:00:52","guid":{"rendered":"http:\/\/www.pehub.com\/?p=55167"},"modified":"2009-11-10T07:00:52","modified_gmt":"2009-11-10T12:00:52","slug":"bc-partners-buying-ati-enterprises-from-riverside-company","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/39234","title":{"rendered":"BC Partners Buying ATI Enterprises from Riverside Company"},"content":{"rendered":"

(Reuters) – Private equity firm BC Partners is staking up to $331 million on strong growth in U.S. career training, buying Texas-based ATI Enterprises from middle-market rival The Riverside Company.<\/p>\n

BC will invest the money from its current fund, alongside roughly $250 million of debt, to buy ATI, which offers courses in subjects such as welding, dental assisting and personal training.<\/p>\n

London-headquartered BC said on Tuesday said it saw an “attractive market opportunity supported by underlying demographics, economics and government attention on education.”<\/p>\n

It expected ATI to generate revenue of $245 million in 2009.<\/p>\n

The deal is the fourth undertaken by BC this year, after it invested $350 million in Office Depot (ODP.N), bought and merged two laboratory testing companies, and put new money into Baxi as part of a merger of the boiler-maker with a Dutch rival.<\/p>\n

Goldman Sachs advised BC Partners and arranged the financing. Robert W Baird and Piper Jaffray advised the Riverside-led consortium.<\/p>\n

Based in Dallas, ATI Enterprises operates vocational schools and training centers in Texas, Florida, Oklahoma, Arizona and New Mexico.<\/p>\n

Management will keep a 12 percent stake and the deal is expected to close around the end of this year, BC said.<\/p>\n

(Reporting by Quentin Webb; additional reporting by Ajay Kamalakaran in Bangalore; Editing by Hans Peters)<\/p>\n

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(Reuters) – Private equity firm BC Partners is staking up to $331 million on strong growth in U.S. career training, buying Texas-based ATI Enterprises from middle-market rival The Riverside Company. BC will invest the money from its current fund, alongside roughly $250 million of debt, to buy ATI, which offers courses in subjects such as […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-39234","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/39234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=39234"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/39234\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=39234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=39234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=39234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}