New Horizons is Acquired by an Investor Group led by Camden Partners
Merger completed under terms previously announced on August 13, 2012
September 28, 2012 // Franchising.com // CONSHOHOCKEN, PA – New Horizons Worldwide, Inc. (formerly PINK: NWRZ), the world’s largest independent IT training company, today announced the completion of the merger previously announced on August 13, 2012. The company was acquired by NWHW Holdings, Inc., a newly formed entity backed by Camden Partners Holdings LLC, a leading investment firm and a previous shareholder of New Horizons, together with an investor group. New Horizons’ stock will no longer be quoted on the Pink Sheets.
“New Horizons has greatly benefitted from the support of Camden Partners since its initial investment in 2005. We are excited that Camden Partners and its investment group are strengthening and deepening this support to help us ensure that New Horizons continues to be the leading global IT training company,” said Earle Pratt, President and CEO of New Horizons Worldwide.
“New Horizons has been an innovator in blended learning combining the benefits of flexible distance learning with the world’s largest network of IT training centers,” stated David Warnock, Chairman of Camden Partners Holding, LLC. “Camden Partners is especially excited to join with our new investors to help provide New Horizons the best possible support for its future growth.”
Any shareholders with questions of receiving consideration for their shares should follow the instructions in the proxy statement and additional communications. Any further questions should be directed to Broadridge Financial Solutions at the contact information below:
Broadridge Financial Solutions, Inc.
51 Mercedes Way
Edgewood, New York 11717
About New Horizons
With over 300 centers in 70 countries, U.S. based New Horizons Worldwide Inc. is the world’s largest I.T. training company. Through an integrated learning approach that ensures new knowledge can be applied to real-life situations, New Horizons offers a wide range of technology, applications, and business skills training from basic application and desktop productivity tools to complex and integrated business systems. New Horizons continues to expand its offerings, locations, and solutions to meet the growing demands placed on organizations and their employees. New Horizons is certified as a Microsoft Partner with a Gold Learning competency, Cisco Partner for Learning Solutions, CompTIA Authorized Partner, and VMware Authorized Training Center. For more information, visit our global website at www.newhorizons.com.
About Camden Partners
Founded in 1995, Camden Partners is a Baltimore-based private equity firm that specializes in growing lower to middle market companies in the targeted sectors of education, healthcare, and technology-enabled business services. Our investment team collectively has more than 100 years of experience investing and operating in these three industry sectors, which enables Camden Partners to identify superior growth opportunities and partner with exceptional management teams to create significant shareholder value
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