Investment Summary

ClearLight Partners and Chicago Growth Partners Invest In U.S. Education

On February 25, 2003, private equity firm ClearLight Partners and growth capital firm Chicago Growth Partners invested in education company U.S. Education

Investment Highlights
  • This is ClearLight Partners’ 1st and Chicago Growth Partners’ 1st transaction in the Education sector.
  • This is ClearLight Partners’ 2nd and Chicago Growth Partners’ 4th transaction in the United States.
  • This is ClearLight Partners’ 2nd and Chicago Growth Partners’ 2nd transaction in California.
Investment Fate
  • U.S. Education was sold to a publicly-traded strategic buyer in 2008 for 290M USD.

Investment Summary

Date 2003-02-25
Target U.S. Education
Sector Education
Investor(s) ClearLight Partners
Chicago Growth Partners
Deal Type Acquisition Financing

Target

U.S. Education

Alhambra, California, United States
Carrington Colleges acquire, develop, and grow private career colleges throughout the Western United States. The company's colleges offer postsecondary education programs.

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Investor(S) 2

Investor

ClearLight Partners

Newport Beach, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ClearLight Partners LLC is a private equity firm that invests in mid-sized companies with strong cash-flow margins and limited capital intensity. ClearLight looks for US and Canadian headquartered companies with annual revenues between $25 and $250 million and EBITDA of $4 and $15 million. ClearLight targets investments across a broad range of industries with a particular interest in specialty manufacturing and distribution, business services, education and training, healthcare services, specialty finance, and consumer products and services. The Firm's target investment size is $10 to $50 million per transaction. ClearLight Partners was formed in 2000 and is based in Newport Beach, California.


DEAL STATS #
Overall 2 of 22
Sector: Education M&A 1 of 2
Type: Acquisition Financing M&A Deals 1 of 1
State: California M&A 2 of 6
Country: United States M&A 2 of 22
Year: 2003 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-19 Futurelogic

Glendale, California, United States

Futurelogic is a leading developer of small-format embedded thermal printing subassemblies. Headquartered in Glendale, CA, the company customizes its products to meet the specific demands of OEM customers for a variety of end products, including cashless slot machines, gas dispensers, medical devices, self-service kiosks, and others.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-15 Bocchi Laboratories

Santa Clarita, California, United States

BLI is an outsource manufacturer and packager of personal care products. Founded in 1989 and headquartered in City of Industry, Calif., BLI manufactures and packages personal care products, including lotion, soap, hairspray, shampoo, conditioner and perfume through its two operating subsidiaries, Bocchi Laboratories and Medicia Corporation. The company has experienced strong sales over the past few years, with significant growth over the past year, and has approximately 1,000 employees in five operating facilities located in California and New Jersey. Customers include leading, well recognized personal care companies.

Buy -
Investor

Chicago Growth Partners

Chicago, Illinois, United States

Category Growth Capital Firm
Founded 2004
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Chicago Growth Partners LLC (CGP) was a Chicago-based based private equity firm that provided expansion and buyout capital to middle-market companies generating sales of $15 to $150 million. CGP sought to invest in business services, consumer services, healthcare products/services, and industrial companies. CGP was formed in 2004 as a spin-off of William Blair Capital Partners, the investment group of investment bank William Blair. In 2014, the Firm ceased operations.


DEAL STATS #
Overall 4 of 34
Sector: Education M&A 1 of 5
Type: Acquisition Financing M&A Deals 1 of 1
State: California M&A 2 of 10
Country: United States M&A 4 of 33
Year: 2003 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-19 Futurelogic

Glendale, California, United States

Futurelogic is a leading developer of small-format embedded thermal printing subassemblies. Headquartered in Glendale, CA, the company customizes its products to meet the specific demands of OEM customers for a variety of end products, including cashless slot machines, gas dispensers, medical devices, self-service kiosks, and others.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-01 PRIMIS Marketing Group

Chicago, Illinois, United States

PRIMIS Marketing Group, Inc. is a provider of integrated information marketing solutions to middle market companies. PRIMIS combines best-in-class services and technologies in data sourcing and enhancement, modeling and analysis, data management, and optimization to enable its clients to acquire and retain profitable customer relationships.

Buy -