Dec 2009

Penn Foster has been acquired by The Princeton Review

Signal Hill acted as exclusive financial advisor to The Wicks Group of Companies, L.L.C. in connection with the sale of Penn Foster Inc., a portfolio company, to The Princeton Review, Inc.

Penn Foster Inc. is one of the oldest, largest and most recognized online career education providers in the world. Penn Foster delivers a wide range of degree, diploma and certificate programs to approximately 223,000 students in 150 countries whose needs are not met by traditional educational institutions. The Company?s fully accredited programs provide a unique value proposition to each student: a quality education with flexible start dates and self-paced online study at a price point that is significantly lower than most competing institutions. The Company currently serves students through the Penn Foster Career School, College and Virtual High School.

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Deal Team