|For Immediate Release
Torie Pennington: (212) 850-5629
CCP EQUITY PARTNERS INVESTS $6.5 MILLION IN PRISM EDUCATION GROUP
$7 Million Series B Round to Fund Acquisition and Company's Continued Expansion
Hartford, Connecticut, [April 3, 2006] - CCP Equity Partners, ("CCP"), formerly Conning Capital
Partners, a leading private equity firm providing growth capital to innovative healthcare services and financial
services companies, announced today a $6.5 million investment in Prism Education Group as part of an $7.0 million
Series B round of funding. CCP led the financing, which also included return investors HLM Venture Partners and
Salix Ventures. Total investment in the company, including the Series B, is $16.25 million.
Based in Newton, MA, Prism is a post-secondary, career education company providing facility-based education and
training programs for careers in allied health and business. Founded in 2004, Prism currently operates four schools,
including one recently acquired with funds provided by this investment. This financing will also support further
growth of the existing schools and development of new campuses.
"We are excited to join HLM and Salix as investors in Prism Education Group at this important point in Prism's
development," said Diane M. Daych, Partner at CCP. "We believe that allied health education and training
is a compelling way to address the chronic and widespread staffing shortages in healthcare and we look forward
to working with Prism's exceptional management team as they execute their growth strategy." In connection
with the transaction, Ms. Daych will join Prism's Board of Directors.
"We are excited about the addition of CCP as a value-added investor and the continued support from Salix and
HLM to fuel the continued growth of our company. With the acquisition of an additional school, significant enrollment
growth at our exiting campuses and planned expansion into nursing education, we are well positioned to be a leader
in career education in our markets" said Steven W. Garfinkle, Chairman and Chief Executive of Prism. "The
demand for focused technical education to address the healthcare labor shortage remains strong and it is really
rewarding to see the value we provide to our students with education that can quickly make a difference in their
About Prism Education Group, Inc.
Prism Education Group, Inc. is a post secondary
career education company based in Newton, Massachusetts. The company current operates four schools which offer
diploma and specialized associates level programs with an emphasis on allied health, nursing and specialized business
education in the Northeastern U.S.
About CCP Equity Partners
CCP Equity Partners ("CCP"), formerly
Conning Capital Partners, is a leading private equity firm providing growth capital to innovative financial services
and healthcare services companies. In partnership with proven management teams, CCP shapes strategy by leveraging
its operating skills, deep industry experience and extensive networks to drive value and accelerate growth. CCP
currently manages more than $500 million and offers scalable financial solutions. For more information, go to