Penn Foster’s Acquisition of Ashworth College


Ropes & Gray represented Penn Foster on the deal

Penn Foster, which partners with leading employers to attract, develop, and retain talent for middle-skill jobs, executed its acquisition of Ashworth College, an accredited online institution offering degree and certificate programs in fast-growing fields, as well as high school diplomas.

The combination of the two institutions will enable Ashworth College to deepen its collaboration with employer partners in ways that allow its students to expand their opportunities and career pathways.

The Ropes & Gray team was led by private equity partner Charles Boer (Picture), finance partner Kevin Jarboe and private equity associate Nicholas Cassidy.

Involved fees earner: Charles Boer – Ropes & Gray; Nicholas Cassidy – Ropes & Gray; Kevin Jarboe – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Penn Foster Inc;

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Author: Ambrogio Visconti