has been recapitalized by





PCDI is a leading nationally accredited provider of proprietary technical and business degree programs.

The undersigned acted as financial advisor to PCDI in this Transaction

Professional Career Development Institute

Description

Professional Career Development Institute is a leading nationally accredited provider of proprietary technical and business post-secondary diploma programs, associate degree programs and high school programs.

Situation

The owner of the Company was approaching retirement and wanted to transition out of the business. The Company engaged Croft & Bender to help locate a strategic or financial partner with industry experience that would be well suited to assist in the achievement of their corporate and personal objectives. Croft & Bender advised the Company through a complete process including valuing the Company, identifying potential acquirers, drafting the offering memorandum, marketing the Company, selecting a partner, and negotiating the transaction.

Result

Croft & Bender successfully negotiated the recapitalization of the Company, selling a majority interest to Sterling Capital Partners out of Chicago, a fund with a significant amount of experience in the education industry.