Sterling Partners to Take Keypath Education Private

Kelso & Company Invests in Pathstone; Lovell Minnick Partners Continues Support

May 27, 2023

Wealth Management

Kelso & Company completed a strategic equity investment in Pathstone in May 2023, joining existing investor Lovell Minnick Partners which is increasing its capital commitment. Pathstone, an independent wealth management and family office advisory firm with more than 350 employees across 17 offices and over $80 billion in client assets, will use the capital to invest in people, technology, and to accelerate its growth and M&A strategy while management continues to run day-to-day operations.

Pathstone Acquires Hall Capital Partners

October 16, 2024

Wealth Management

Pathstone, a partner-owned RIA backed by Kelso & Company and Lovell Minnick Partners, has agreed to acquire Hall Capital Partners to expand its investment capabilities and national footprint. Hall Capital brings roughly $45 billion in assets under advisement, about 180 team members across San Francisco and New York, and the deal will be supported by additional capital from Kelso, Lovell Minnick and Pathstone management.

Millpond Equity Partners and Wasena Capital Management Acquire Paxton/Patterson

April 20, 2022

Education

Millpond Equity Partners and Wasena Capital Management have acquired Paxton/Patterson LLC, an Alsip, Illinois-based provider of career and technical education curriculum, equipment, lab design and educator training. Terms were not disclosed; Prairie Capital Advisors acted as exclusive financial advisor to Paxton/Patterson and its shareholders. The deal positions Paxton/Patterson for growth as the buyers aim to expand capabilities and scale the company's CTE offerings nationwide.

Key Capital Partners Makes £6m Minority Investment in Fuel Learning

July 25, 2023

Education

Key Capital Partners completed a £6 million investment to acquire a significant minority stake in Fuel Learning, a Midlands-based leadership and management training provider. The deal will support Fuel's growth ambitions while the existing management team remains in place and Paul Venables joins as Non-Executive Chair.

Banyan Software Acquires School Pathways

February 4, 2020

Software

Atlanta-based Banyan Software has acquired School Pathways LLC, a California company that provides a cloud-based student information system for Independent Study and online K–12 schools. School Pathways' management and full team are remaining with the company as Banyan plans to grow the business within its enterprise software portfolio.

Apax Partners Acquires Cadence Education from Morgan Stanley Capital Partners

February 13, 2020

Education

Funds advised by Apax Partners have agreed to acquire Cadence Education, a US-based operator of more than 225 private preschools across 40+ brands, from funds managed by Morgan Stanley Capital Partners for an undisclosed sum. Apax said it will support Cadence's management team to continue growth through strategic acquisitions and expansion of operational capabilities; the transaction was expected to close in March 2020.