SSI Acquisition (TCW / Cerberus / Lantern) Recapitalizes School Specialty, Inc.
September 15, 2020
SSI Acquisition, LLC — an acquisition vehicle formed by TCW Asset Management, Cerberus Capital Management and Lantern Capital Partners — acquired substantially all assets of School Specialty, Inc. in a transaction that recapitalizes the business and restructures its balance sheet. Post-closing the business will operate as School Specialty, LLC, with Ryan M. Bohr named President and CEO.
- Buyers
- SSI Acquisition, LLC, TCW Asset Management Company, LLC, Cerberus Capital Management, Lantern Capital Partners
- Targets
- School Specialty, Inc.
- Sellers
- School Specialty, Inc.
- Industry
- Education
- Location
- Wisconsin, United States
- Transaction Type
- Recapitalization
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