Boston, MA - Capstone Capital Markets LLC, a wholly-owned subsidiary of Capstone Partners LLC, a leading international investment banking firm, is pleased to announce that it has advised Triumph Higher Education Group on a $7 million growth equity capital raise through Camden Partners THEG, Inc. The growth capital will enable Triumph to support and accelerate the rapid growth of the company.
Founded in January 2010, Triumph Higher Education Group provides a disruptive force in vocational culinary education through campus-based and online instruction under the name Auguste Escoffier, perhaps the most famous chef in history and the father of modern cooking. The online programs are an affordable, disruptive methodology for culinary instruction, blending interactive, synchronous and asynchronous content through an integrated, assessment-based learning and technology platform, uniquely catering to the enthusiast, careerist, corporate training, military and international markets. The two campus-based schools, located in Austin, Texas and Boulder, Colorado, operate under the brand name of Auguste Escoffier School of Culinary Arts. The online culinary school operates under the name Escoffier Online International Culinary Academy. Regarding the transaction, Jack Larson, Executive Chairman of Triumph Higher Education Group, stated, "Our unique educational experiences for students will expand greatly to meet the needs of career seeking students, enthusiasts and corporate training partners worldwide.”
Camden Partners is a private equity firm specializing in providing growth equity to lower middle-market companies, with targeted domain expertise in business services, healthcare and education. In connection with this financing, David Warnock, Managing Member of Camden Partners, will join the Board of Directors of Triumph. Camden typically takes an active board role in its investments, harnessing the resources of the entire firm to serve as value-added partners and advisors to the management team.
Capstone has a long history of successfully closing transactions within the education space and the firm maintains one of the most active education & training practices in the middle market. Commenting on the transaction, Jacob Voorhees, Managing Director of Capstone, said, “This transaction provides Triumph with an excellent growth partner who can provide not just capital but also the financial and sector expertise and relationships necessary to execute their growth strategies. Camden Partners has a strong track record of helping education and corporate training companies, and this investment will give Triumph the resources it needs to help satisfy the growing demand for affordable, online education in both the B2C and B2B markets.”