Feb 2019

DCS Advisory Acts as Exclusive Financial Advisor to Ashworth College on its Acquisition by Penn Foster

DCS Advisory, a leading investment banking firm, acted as exclusive financial advisor to Ashworth College, an accredited online institution offering degree, certificate and diploma programs in fast-growing fields, on its acquisition by Penn Foster, a talent development platform backed by Bain Capital Double Impact.

Ashworth College, which was backed by Sterling Partners, enrolls learners through its high school, career, and degree programs with a focus on high growth middle-skilled career fields.

Penn Foster partners with leading employers to attract, develop, and retain talent for middle-skill jobs. Bain Capital Double Impact is the impact investing strategy of Bain Capital.

“I am deeply appreciative of the support we received from Justin, Michael and the entire DCS Advisory team – they were true partners in every sense of the word. We were continually impressed by their patience, thoughtfulness, advocacy, dogged determination to get the deal done, and skillful negotiation in delicate discussions. We’d enthusiastically work with them again and highly recommend their team to others as well,” said Rob Klapper, CEO of Ashworth College.

About DCS Advisory
DCS Advisory LLC is a leading investment bank specializing in M&A and private capital raising. DCS Advisory is a wholly owned subsidiary of Daiwa Capital Markets America Holdings Inc. and is an indirect subsidiary of Daiwa Securities Group Inc. Along with sister company DC Advisory, other Daiwa affiliates, and alliance partners, DCS Advisory is part of an established global brand with more than 900 professionals in 34 offices throughout the Americas, Europe and Asia. DCS Advisory covers a broad range of industries including Aerospace, Defense and Government Services, Business and Tech-Enabled Services, Industrials, Consumer, Retail and Leisure, Media and Telecom, and Technology and Software. For more information please visit www.dcsadvisory.com. 

These materials have been prepared by DCS Advisory solely for informational purposes and do not constitute or form part of, and should not be construed as, an offer to sell or issue, a solicitation of an offer to buy, or a recommendation with respect to any securities.

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