Thursday, November 5, 2009

TeamEDU Acquires Piccolo International University

It must be the magic of this Education Industry Investment Forum brand. Another speaker writes in to inform of us of good news in his company. This news is about a very recent school purchase

Steve Cooper, CEO of TeamEDU, tells us that he has just purchased the Piccolo International University division of Piccolo Education Systems, Inc., helmed by Laura Palmer-Noone. He sent along a press release.

Piccolo Education Systems announces the sale of its Piccolo International University division here.

Here's a clip from the press release:

Capstone Partners LLC, the investment banking firm that assisted Piccolo in the transaction, has also been retained by the company to secure growth capital and pursue strategic acquisition opportunities. Presently, Piccolo and Capstone are in advanced discussions with various investor groups related to a significant growth investment, a portion of which will help fund an acquisition currently under preliminary agreement.

"This transaction will allow us to focus our resources on larger scale growth initiatives. In turn, acquiring additional educational institutions, or operating as a management overlay to an existing organization, will expedite our core goal of operating an accredited institution of higher learning," said Laura Palmer Noone, president and chief executive officer of Piccolo Educational Systems. "We are seeing excellent opportunities in the post secondary education sector and believe our planned business model, supported by our deep management expertise, will represent a compelling educational offering for students worldwide."

Laura Palmer-Noone is also a speaker at the Education Industry Investment Forum.

Share this article with your social network, just click below to share now!

No comments: