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Sard Verbinnen & Co. represents investment firm Atlas Partners’ $400M takeover of University of St. Augustine for Health Sciences from Laureate Education Inc., for-profit college chain.
Founded in 1979, USAHS offers graduate degrees in physical therapy, occupational therapy, nursing, as well as continuing education programs through campuses in St. Augustine, Miami, Austin, San Marcos (CA) and online. It generated 2017 revenues of $90M and $31M operating profit.
USAHS joins St. George’s University as AP’s second college investment.
Laureate, which is based in Baltimore, is listed on the NASDAQ. It is controlled by a limited partnership with investors Kohlberg Kravis Roberts & Co., Sterling Fund Management, Cohen Private Ventures, Snow Phipps Group, Bregal Investments and StepStone Group.
Sard Verbinnen’s Mike DeGraff and Julie Rudnick handle Atlas, while Ruder Finn’s Maryam Ayromlou represents Laureate.
Matt Ward, who was head of US communications & corporate media relations at HSBC, has joined FTI Consulting’s PR operation unit in New York.
C Street Advisory Group is providing strategic communications services to STG Logistics as the Columbus-based trucking company files for Chapter 11.
Dollar Tree has named Daniel Delrosario senior VP-investor relations & treasurer.
C Street Advisory Group and Publicis' Groupe's Kekst CNC unit work the Chapter 11 filing of Saks Global Holdings as the luxury retailer evaluates its "operational footprint."
Nashville’s Wortman Works is handling Old Glory Bank, which bills itself as the online bank for freedom-loving Americans, as it goes public via a $250M SPAC deal with Digital Asset Acquisition Corp.
