has acquired

Capstone Partners Advises TCS Education System on its Purchase of Dallas Nursing Institute

December 2013

Boston, MA - Capstone Partners LLC, a leading national investment banking firm, is pleased to announce that it has successfully represented TCS Education System (TCS) on its purchase of Dallas Nursing Institute (DNI).  Terms of the transaction were not disclosed.

DNI is an accredited post secondary education institution that provides career training and education, specializing in nursing programs and degrees.  Its mission is to advance the art and science of nursing through academic excellence by integrating the knowledge, skills, values and attitudes essential for entry-level nursing practice. 

DNI was acquired by Chicago-based TCS Education System, an entrepreneurial, nonprofit higher education enterprise dedicated to training professionals in high‐level, applied fields.  The addition of Dallas Nursing Institute will expand the TCS consortium to a total of five higher education institutions that span the nation. TCS was attracted, in part, to DNI’s exclusive focus on health care.  Dr. Michael Horowitz, founding president of TCS, said, "When you look at the areas of need in our society, health care is critical.” 

The partnership will allow DNI to focus on student success while benefitting from TCS expertise in areas that include admissions, marketing, online education services, finance, accreditation, compliance and human resources.  Dr. Pat Perryman, president of DNI, said that the new partnership with TCS will enhance the creation of a supportive academic environment for students and faculty alike. "We are excited to be associated with such a strong, innovative educational system," said Perryman. "The missions and philosophies of both entities align very well and identify the heart of education—student success."

Capstone Partners 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.  Jacob Voorhees, Managing Director of Capstone, commented, “We are pleased to bring together two quality companies that will each benefit from this transaction.  Capstone is seeing a surge in M&A activity within our post‐secondary education practice.  We believe the sector’s long‐term growth prospects are compelling and that the PSE industry will continue to attract both private equity and corporate buyers."

Capstone Partners LLC is a premier investment banking firm dedicated to serving the corporate finance needs of middle market business owners, investors and creditors.  The firm provides corporate sale & divestiture, merger & acquisition, private placement, corporate restructuring, valuation and financial advisory services.  Capstone maintains various industry specialties including one in the Education & Training sector.  The firm also has a merchant banking capability to actively co-invest in transactions.  Headquartered in Boston, Capstone has offices in Chicago, London, Los Angeles, Philadelphia, San Diego and Silicon Valley.