Ropes & Gray advised Sycamore Partners in connection to its senior secured financing for the acquisition of Goddard Systems, a leading franchisor of premium early education centers. Terms of the transaction were not disclosed. The transaction was announced on June 30 in a press release.
Goddard Systems is headquartered in King of Prussia, Pennsylvania and is a national leader in the premium early childcare and education market segment. Goddard Systems currently licenses nearly 600 Goddard School franchises that serve more than 80,000 students in 37 states and Washington, D.C.
The Ropes & Gray team that represented Sycamore in connection with the financing was led by private equity partners Jay Kim and Chris Poggi and associates Patrick MacDonald and Daniel Clayman.
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