Goodwin recently advised private equity firm Charlesbank Capital Partners on the sale of its portfolio company The Princeton Review to Tutor.com, an operating business of IAC. The Princeton Review is a test preparation and college admission services company based in Natick, Mass. It delivers its services to more than 4,000 teachers and tutors in the United States and Canada, as well as through its international franchises in 14 other countries. Terms of the transaction were not disclosed.
Charlesbank Capital Partners is a middle-market private equity investment firm with approximately $3 billion in assets. The firm focuses on management-led buyouts and growth capital financings, typically investing $50 million to $150 million per transaction in companies with enterprise values of $100 million to $750 million. The firm seeks to partner with strong management teams to build companies with sustainable competitive advantages and excellent prospects for growth. Charlesbank has offices in Boston, Mass. and New York, N.Y.
To learn more about the transaction, please read The Princeton Review press release.