Press Releases
ThinkEquity LLC acts as Exclusive Advisor to e2020 in its sale to Weld North Holdings
SAN FRANCISCO, July 12, 2011 - ThinkEquity LLC - A Panmure Gordon Company, a leading boutique investment banking firm focused on growth companies and their investors, is pleased to announce that it acted as exclusive financial advisor to e2020, Inc. (Education2020) in its sale to Weld North Holdings LLC (Weld North). Weld North is a partnership between Jonathan Grayer, former CEO of Kaplan, Inc., and global investment firm KKR, and is focused on investing in and operating companies in education, health and wellness, consumer services and marketing. This is Weld North’s first investment since being formed in 2010.
e2020 is a leading provider of core and elective instruction in a virtual school setting for students in grades 6-12, creating innovative, rigorous, standards-aligned courseware and online virtual instruction programs to help students recover and accrue credits for graduation and prepare for state, end-of-course, and standardized exams. e2020’s web-based model, teacher-led video delivery, and innovative instructional approach offer engaging and individualized virtual online instruction solutions to public and private schools for use in traditional classrooms, blended school, and online programs. e2020 has implementations in 39 states with over 800 school districts and 2500 + schools served. Founded in 1998, e2020 is a pioneer in the e-learning industry, which has grown to serve more than 4 million K-12 students in 2010.
ThinkEquity Contact:
Janet Faleski
Managing Director
T: (212) 468-7083
E: jfaleski@thinkequity.com
Media enquiries:
Nathaniel Webb
Group Communications and Investor Relations Director
T: +44 20 7614 8333
E: nathaniel.webb@panmure.com
About ThinkEquity LLC — A Panmure Gordon Company
Focused on the growth sectors of the economy, ThinkEquity provides research, equity financing, M&A advisory, institutional sales and trading, wealth management and asset management services to institutional investors, corporate and private clients, venture capitalists, entrepreneurs and financial sponsors. As a Panmure Gordon company, ThinkEquity accesses the combined financial expertise of professionals based in San Francisco, New York, Boston, Chicago, London, Liverpool and Geneva. Research-driven, we remain true to our founding principles: the power of growth, focus, deep domain expertise and people. www.thinkequity.com
About the Panmure Gordon Group
Founded in 1876, Panmure Gordon & Co. (PMR.L) is a leading independent institutional stockbroker and investment bank. Encompassing its US franchise, ThinkEquity, LLC, the Group employs approximately 240 professionals across the US, the UK, Singapore and Nyon, Switzerland, offering a blend of transatlantic financial services including research, sales and trading, wealth management and asset management. www.panmure.com