Riverside’s private equity

Press Release

Riverside Courts Camelot, Buys Alternative and Special Education Provider January 20, 2011

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Camelot Education is Private Equity Firm’s Latest Education & Training Investment

The Riverside Company added to its extensive education and training resume with the acquisition of Camelot Education (Camelot) of Austin, Texas from Charterhouse Group, Inc. Camelot provides for-profit education services for K-12 students. It gears its services toward special needs children and “at-risk” youth who require alternative and special education.

Camelot’s alternative education schools perform well, producing measurably better results for student testing scores, graduation results and satisfaction. Typical alternative education students in schools often have had behavioral issues or encountered personal problems such as drug abuse or pregnancy.

Camelot also operates several therapeutic day schools that focus on teaching academic curricula and necessary life skills to youth with challenges such as autism, emotional disturbance, learning disabilities, and mental retardation in a safe environment.

The need for alternative education is growing in the United States, with rising numbers of at-risk students and dropouts corresponding to increasing performance demands from the state and federal government. Camelot’s track record provides an excellent platform for continued growth in this underserved market.

“Camelot has a proven and unique educational approach that produces results,” said Riverside Managing Partner Suzy Kriscunas. “Alternative and special education has significant growth potential, and we’re proud to be acquiring such a high-quality provider. We’re excited about accelerating the growth of this company.”

Camelot Education will be a portfolio company in Riverside Capital Appreciation Fund V while Camelot’s System of Care Division continues to be a portfolio company of Charterhouse Group.

Working with Kriscunas on the deal for Riverside were David Gold, Operating Partner; Mike Skelton, Operating Executive; Peter Tsang, Principal; Meranee Phing, Vice President; Ben Davis, Associate; and Neil Kee, Analyst. Senior Advisor Bob Bowen, who joined Riverside in March 2010 and brings more than 40 years of experience to the firm’s education & training team, also helped evaluate the transaction. The deal was sourced by Amy Margolis of Riverside's Origination group.

M&I Bank and Babson Capital provided financing for the transaction. This is the 249th overall acquisition for Riverside and the second of 2011.

The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring growing enterprises valued at up to $200 million (€200 million in Europe). The firm partners with strong management teams and enhances its investments through acquisitions and organic growth. Since its founding in 1988, Riverside has invested in more than 245 transactions with a total enterprise value of more than $5.8 billion/€4.7 billion. The firm’s portfolio in North America, Europe and the Asia-Pacific region includes 74 companies with roughly 13,000 employees. Riverside completes acquisitions smoothly thanks to $3.2 billion/€2.4 billion in assets under management, more than 195 professionals in 19 offices, and longstanding relationships with partner lenders.

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