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BC Partners and management to acquire ATI from Riverside and Primus
Investment funds advised by BC Partners ("BC Partners") reached an agreement with a consortium led by The Riverside Company to acquire ATI Holding Company ("ATI" or the "Company") together with management. The closing of the transaction is conditional upon the satisfaction of customary conditions, including appropriate regulatory approvals.
The Riverside Company acquired ATI together with Primus Capital and other investors in 2004. ATI operates 24 career training centers located in Texas, Florida, Oklahoma, Arizona and New Mexico serving 15,000 students. The Company offers diplomas, certificates, and associate degree programs in allied health, wellness, skilled trades, business and IT. ATI is headquartered in Dallas, TX and has 1,500 employees.
Goldman, Sachs & Co., Latham & Watkins LLP and Dow Lohnes PLLC are advising BC Partners on this transaction and Goldman Sachs is the exclusive financial advisor and lead arranger of the proposed financing being obtained by BC Partners. Robert W. Baird & Co., Inc., Piper Jaffray & Co. and Jones Day are advising The Riverside Company, Primus Capital Funds and ATI.
About BC Partners
BC Partners is a leading international private equity firm with advised funds of approximately €10 billion. Established in 1986, the firm operates as an integrated team through offices in Europe and North America to acquire and develop businesses and create value in partnership with management. Since inception, BC Partners has invested in 69 companies with a total enterprise value of approximately €65 billion.
About The Riverside Company
The Riverside Company is the only global private equity firm focused exclusively on investing in leading enterprises at the smaller end of the middle market and partnering with strong management teams to enhance the success of its companies through acquisitions and organic growth. The firm currently has a portfolio of 70 platform companies and more than $3 billion in assets under management. Since its founding in 1988, the firm has invested in 219 transactions with a total enterprise value of $5.0 billion.
About Primus Capital
Founded in 1983, Primus invests in established middle-market companies in the education, healthcare, and business services industries. The firm pursues buyouts, control and minority recapitalizations, and expansion financings in partnership with experienced management teams to accelerate growth and improve the operating performance of its portfolio companies. Primus has a long and successful track record of investing in post-secondary education companies including DeVry, Inc. (NYSE: DV) and Corinthian Colleges, Inc. (NASDAQ: COCO).