WhiteHorse Capital Provides Incremental Term Loan to EducationDynamics, LLC to Support Acquisition of QuinStreet Education
CHICAGO – September 30, 2020 – WhiteHorse Capital, the direct lending affiliate of H.I.G. Capital, a leading global private equity and alternative assets investment firm with $40 billion of equity capital under management, provided an incremental first lien term loan to EducationDynamics, LLC (“EducationDynamics” or the “Company”) to support the acquisition of QuinStreet Education, a subsidiary of publicly traded QuinStreet, Inc. (Nasdaq: QNST). Founded in 1999 and based in Foster City, California, QuinStreet Education is an outsourced prospect delivery vendor for colleges, universities, and vocational schools in the United States.
“We were impressed with WhiteHorse Capital’s ability to move quickly and tailor a financing solution that met our needs. It has been great working with the WhiteHorse team since our original transaction and we look forward to continuing our partnership going forward,” said Bruce Douglas, Chief Executive Officer of Education Dynamics.
“We are pleased to support the acquisition of QuinStreet’s education business,” said John Yeager, Managing Director at WhiteHorse Capital. “The investment further solidifies EducationDynamics as the leading prospect delivery partner to higher education institutions in the United States. We look forward to working with the Company on similar opportunities in the future.”
About EducationDynamics
EducationDynamics is the industry leader in helping colleges and universities find the highest quality student prospects to achieve their enrollment goals. EducationDynamics has earned a reputation for providing the resources and expertise required to meet a wide range of industry challenges, delivering inquiry generation and agency-level admissions, marketing, enrollment management, retention, and technology solutions to universities across the country.
About WhiteHorse Capital
WhiteHorse is the direct lending affiliate of H.I.G. Capital, a leading global private equity and alternative assets investment firm with $40 billion of equity capital under management.* WhiteHorse provides debt financing to middle market companies across a broad range of industries, including business services, manufacturing, healthcare, retail, food/agriculture, and specialty finance. WhiteHorse has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long term relationship oriented portfolio management philosophy.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.