Education Growth Partners has acquired a minority stake in the Human Capital Institute. No financial terms were disclosed. Based in Cincinnati, HCI is an education and media firm serving the talent management sector.
STAMFORD, CT–(Marketwired – May 19, 2014) – The Human Capital Institute, a leading education and media organization serving the strategic talent management sector, announced today that Education Growth Partners (Edgrowth) has acquired a minority interest in the company.
Founded in 2005 and based in Cincinnati, HCI has created the leading community of HR leaders with over 200,000 executive members, representing the most senior executives across the HR industry, with unmatched penetration of the Fortune 500 (96%) as well as the Inc 500 (77%).
HCI offers a broad range of education and information-based products to its network including comprehensive education and certification curricula, in-depth research and analysis around strategic talent management, and highly exclusive conferences. HCI has grown to be a premier provider of conferences, classes, content and community in the talent management space.
Carl Rhodes, CEO of HCI, commented, “We are very excited to partner with the team at Edgrowth and will benefit tremendously from their knowledge and experience in our space. Their investment will enable us to launch new services to our members and client companies while helping us enter new markets.”
Brian Nairn, Managing Partner, Edgrowth said, “HCI brings together senior executives in the talent management sector and is recognized for delivering thought leadership to this increasingly important function through its range of products. We believe the company has excellent growth potential, with a strong management team and we look forward to working with them to grow this unique community in the U.S. and internationally.”
“This is an exciting opportunity for EdGrowth,” commented Peter Campbell, Managing Partner of EdGrowth. “HCI is on the leading edge of thought leadership and training for executives and companies seeking to use talent as a key strategic competitive lever. As education investment specialists, EdGrowth is well-positioned to help HCI map out its leading suite of education offerings, as well as to help fully understand the flows of talent from education institutions to entry level positions in organizations, then the flow and development of that talent within organizations through continuing education.”
About Education Growth Partners
Founded in 2011, Education Growth Partners is the premier growth private equity firm dedicated solely to providing growth capital to proven, high potential education services companies that offer compelling solutions addressing the unmet needs in education. The firm invests in the Pre-K12, higher education, corporate training and life long learning sectors. The firm leads growth capital financings, minority recapitalizations, and buyouts of profitable, high growth companies in the target sectors. The firm is headquartered in Stamford, Ct. For more information visit www.edgrowthpartners.com.
About Human Capital Institute (HCI)
HCI is the global association for strategic talent management and new economy leadership, and a clearinghouse for best practices and new ideas. Its network of expert practitioners, Fortune 1000 and Global 2000 corporations, government agencies, global consultants and business schools contribute a stream of constantly evolving information, the best of which is organized, analyzed and shared with members through HCI communities, research, education and events. For more information, please visit www.hci.org.