Kirkland & Ellis advised Penn Foster, a leading provider of digital and data driven learning solutions for high demand skills and jobs, on its combination with Carrus, one of the nation’s most trusted online healthcare training and professional development providers. The combined company will serve more than 400,000 enrollees per year with 115,000 participating in its healthcare training vertical, making it one of the largest skills-based training platforms in the country. Penn Foster is a portfolio company of BayPine, a private investment firm, and Two Sigma Impact, a business of Two Sigma focused on workforce impact. Financial terms were not disclosed.
The Kirkland team was led by corporate partners Ravi Agarwal and Lukas Richards and associates Arthur Holland and Sara Phipps and debt partners Melissa Hutson and East Berhane, and included corporate partner Michael Weisser.