Princeton Review Sold for $33M

Mergers and Acquisitions

Princeton Review Sold for $33M

Mar 28, 2012

PRINCETON REVIEW has sold assets of its Higher Education Readiness Division, best known for its standardized test prep guides, to Boston-based private equity firm Charlesbank Capital Partners for $33 million. Also included in the sale are all the rights to The Princeton Review name. The soon-to-be-renamed company's press release suggests this transaction was made in the interest of its Penn Foster Division, an online education provider of career-focused degrees and vocational programs.

Learn more about EdSurge operations, ethics and policies here. Learn more about EdSurge supporters here.

More from EdSurge

Get our email newsletterSign me up
Keep up to date with our email newsletterSign me up