Ropes & Gray Represents Bain Capital Double Impact in Acquisition of Penn Foster
Ropes & Gray represented Bain Capital Double Impact, the impact investing strategy of Bain Capital, in its acquisition of Penn Foster, a provider of skills development and digital credentialing solutions, from the Vistria Group. The transaction was announced on May 1.
Penn Foster, based in Scranton, Penn., creates pathways to in-demand careers through a unique continuum of accredited programs, technical training, and education as a benefit.
The Ropes & Gray team was led by private equity partners Charles Boer and Newcomb Stillwell and finance partner Kevin Jarboe.