Granite Equity Partners is selling Atomic Learning to Boathouse Capital and Renovus Capital Partners, a pair of Pennsylvania-based private equity firms. The PE firms invested $19 million in subordinated debt along with Atomic Learning’s management and M&I Bank provided senior debt. Atomic Learning is a Minnesota-based education company providing technology to instructors. DLA Piper, advised [...]
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Renovus Capital Partners has raised $100 million for its debut fund. Philadelphia-based Renovus is an education focused PE firm. Renovus was founded in January 2010 by Bradley Whitman, Atif Gilani and Jesse Serventi who had each worked at Leeds Equity Partners.