SAN FRANCISCO, June 14, 2018 (GLOBE NEWSWIRE) — Business Capital has delivered Management Buyout financing for their client, ECS Learning Systems, to acquire PREPWORKS LLC, allowing the company to create industry-leading adaptive K-12 test-prep offerings. BizCap supported Asteria Education Inc.’s strategic acquisition of large test prep publisher ECS Learning Systems, allowing for expansion of capabilities and territory in the US. The current transaction further grows the company’s proficiencies to include personalized learning and critical development in the lower grades to create a new kind of blended, personalized test preparation solution that aligns with rigorous state, college and career readiness standards and broadens its digital, geographic and age-group footprint.
“Business Capital has been incredibly helpful with our acquisitions. I turned to them after the initial financing structure failed and, within a matter of weeks, they were able to coordinate a rigorous process resulting in two successful rounds of financing,” said David Cumberbatch, President & CEO of ECS Learning Systems. “The BizCap team was always responsive and highly professional and the Managing Director, Chuck Doyle, remained personally involved and accessible throughout the transaction. Overall, their knowledge and domain expertise shaved months off the process and, most likely, saved the deal. I have no hesitation in strongly recommending Business Capital and hope to work with them again on my next deal.”
Business Capital is a leading commercial finance firm specializing in securing customized non-dilutive credit based solutions for rapidly growing as well as challenged middle market companies nationwide who require a unique, timely and tailored financing structure to address their particular needs, especially in situations where conventional capital sources are not an option.