Ropes & Gray Advises Gauge Capital in Sale of Teachers of Tomorrow
Ropes & Gray advised Gauge Capital in connection with the announcement by TPG’s The Rise Fund that it has entered into a definitive agreement to acquire a majority stake in Teachers of Tomorrow. Terms of the transaction, announced on Sept. 2, were not disclosed. The press release is here.
Teachers of Tomorrow is the nation’s largest teacher alternative certification training program, providing training, certification, and placement services for aspiring teachers. In addition to its curriculum, Teachers of Tomorrow also offers advisory services to candidates throughout the entire certification process, to prepare candidates to meet the specific requirements of their states.
Gauge Capital is a leading middle-market private equity firm based in Southlake, Texas. The firm manages approximately $2 billion.
The Ropes & Gray team that advised Gauge Capital was led by private equity partner Matthew Richards (Chicago) and private equity associates Lisa Chan (San Francisco) and Olivia Volpe (Chicago), and included tax partner Aaron Harsh (Boston) and tax associate Tristan Evans-Wilent (New York), capital solutions & private credit counsel Milap Patel (Boston), employment, executive compensation & benefits partner Matthew Jones (Chicago), mergers & acquisitions counsel Thomas Burke (New York) and employment, executive compensation & benefits counsel Ellen Sueda (San Francisco) and Stephanie Bruce (Boston).