Morgan Stanley Capital Partners Completes Investment in Project Management Academy
June 18 2019 - 4:45PM
Business Wire
Investment funds managed by Morgan Stanley Capital Partners
(MSCP), announced today that they have completed an investment in
Project Management Academy (“PMA” or the “Company”), a leading
provider of training and exam preparation services for project
management professionals. MSCP is partnering with the current CEO,
Jason Cassidy, and the rest of the management team, who will remain
in place and retain an equity stake in the business.
Project Management Academy was founded in 2009 to provide
best-in-class training for the career-critical Project Management
Professional (PMP)® certification. The PMP® certification is widely
recognized as the leading certification for project managers across
multiple industries, with over 700,000 registered professionals.
The Company has since expanded its product suite to also offer
training in related disciplines including Agile, Business Analysis,
and Six Sigma and leadership. The Company currently provides both
in-person and online training to more than 11,000 individuals and
170 corporations across the U.S. and Canada.
Adam Shaw, Managing Director of MSCP, said: “We are very excited
for the opportunity to work with Jason and the PMA team. This
talented management team has developed an exceptional brand and, as
a result of its focus on high-quality instruction, has become a
leader in project management training. We believe MSCP is the ideal
partner for PMA as the business continues to enter new markets,
expand its product portfolio and execute on strategic M&A.”
Jason Cassidy, Chief Executive Officer of Project Management
Academy, added: “We are excited to partner with Morgan Stanley
Capital Partners and enter a new phase of growth and
capability-building at PMA. We are proud of the brand and market
presence we have established and expect this new partnership to
deliver significant value for our customers as we expand our
services to best serve their needs.”
Debevoise & Plimpton LLP served as legal advisor to MSCP.
William Blair served as financial advisor to Project Management
Academy.
About Morgan Stanley Capital Partners
Morgan Stanley Capital Partners, part of Morgan Stanley
Investment Management, is a leading middle-market private equity
platform that has invested capital in a broad spectrum of
industries for over three decades. Morgan Stanley Capital Partners
focuses on privately negotiated equity and equity-related
investments primarily in North America and seeks to create value in
portfolio companies primarily in a series of subsectors in the
business services, consumer, healthcare and industrials markets
with an emphasis on driving significant organic and acquisition
growth through an operationally focused approach. For further
information about Morgan Stanley Capital Partners, please visit
www.morganstanley.com/im/capitalpartners.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 671 investment
professionals around the world and $480 billion in assets under
management or supervision as of March 31, 2019. Morgan Stanley
Investment Management strives to provide outstanding long-term
investment performance, service and a comprehensive suite of
investment management solutions to a diverse client base, which
includes governments, institutions, corporations and individuals
worldwide. For further information about Morgan Stanley Investment
Management, please visit www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing investment banking, securities, wealth management
and investment management services. With offices in more than 41
countries, the Firm's employees serve clients worldwide including
corporations, governments, institutions and individuals. For more
information about Morgan Stanley, please visit
www.morganstanley.com.
PMP is a registered mark of Project Management Institute,
Inc.
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