Global private equity firm The Carlyle Group, recently announced a majority investment in student travel organization WorldStrides. Goodwin Procter represented WorldStrides, a majority-owned portfolio company of firm client Charlesbank Capital Partners, in the transaction.
Based in Charlottesville, Virginia, WorldStrides has provided educational travel programs to over four million elementary, middle, high school, and university students since its inception in 1967. Each year, thousands of teachers and 200,000 students from all 50 states and several foreign countries travel with WorldStrides to destinations throughout the United States and the world.
Charlesbank Capital Partners is a middle-market private equity investment firm managing more than $2 billion of capital.
The Goodwin Procter deal team was led by partners Jim Curley and Amber Dolman and included partners Mat Sibble (debt), Howard Cubell (tax), Bill Whitledge (tax), Scott Webster (benefits). Partners Jim Matarese, Jeff Klein, Mark Smith and Kirby Lewis also contributed to the team.