Private Equity-Backed Firm Buys Florida For-Profit College

April 9, 2009

A for-profit education company owned by a leading private equity firm has bought Florida Technical College, which operates three career-oriented campuses, according to Stifel Nicolaus Investment Banking, which announced the sale. EduK, which operates several colleges in Puerto Rico and is financed by Leeds Equity Partners, completed its purchase of Florida Technical College from Forefront Education, Stifel Nicolaus said. Florida Tech operates 17 programs on three campuses. Terms of the sale were not disclosed.

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