Linkage Holdings Corp.

July 24, 2013


Prospect Partners Completes Recapitalization Of Linkage, Inc.

CHICAGO, Ill.—July 24, 2013: Prospect Partners, LLC, a leading private equity firm investing in smaller lower-middle-market companies, today announced that it has sold its interest in global professional services firm Linkage, Inc., of Burlington, Mass., to an investor group that includes Renovus Capital Partners, Argosy Private Equity, BB&T Capital Partners, and management. 

Linkage, a 25-year-old organization development company with offices worldwide, specializes in leadership development and training, working with leaders and leadership teams to build organizations that produce superior results. The company's offering includes strategic consulting on leadership development and talent management topics as well as learning institutes, skill-building workshops, tailored assessment services, and executive coaching. Linkage's flagship event, The Global Institute for Leadership Development ("GILD") is recognized worldwide as a top leadership development program. Since 1988, Linkage has provided training and development services to more than 250,000 leaders from 67 countries. The company's clients represent a wide variety of industries, nonprofits, government agencies, and academic institutions. Major customers include Allstate, Boeing, Coca-Cola, McKesson, Procter & Gamble, and Toyota. Linkage has five offices in the United States, as well as locations in 15 countries throughout Europe, Asia Pacific, South America, the Middle East, and Africa.

"Linkage is an exceptionally well-managed niche market leader whose thought leaders are world-renowned," said Maneesh Chawla, a Principal at Prospect Partners. "Since we first invested in the company in 2008, it has been a pleasure working with Linkage's extremely talented management team. Linkage has extended its position as the market leader and continues to be very well-positioned for future growth with its new investor-partners."

Commented Phil Harkins, Linkage's Chief Executive Officer: "Prospect Partners has been a highly supportive partner. Time and again through our tenure together, Prospect Partners provided a level of guidance that could only come from a genuine and nuanced understanding of our business and where we wanted to take it."

Lincoln International acted as exclusive financial advisor to Linkage in the sale transaction.

Prospect Partners continues to seek management-led recapitalizations and acquisitions of niche education and training service providers, including those in organizational development and leadership segments.

About Prospect Partners
Prospect Partners is a leading private equity firm investing in smaller lower-middle-market companies, managing $470 million across three funds. A highly experienced and active investor, Prospect Partners focuses exclusively on management-led leveraged recapitalizations and acquisitions of niche market leaders with revenues typically under $75 million. Since 1998, Prospect Partners has invested opportunistically nationwide in more than 100 companies in a broad range of niche manufacturing, distribution, and specialty service markets. Based in Chicago, Prospect Partners also has an office in Menlo Park, Calif.

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July 14, 2008
Prospect Partners and Management Recapitalize Leading Provider of Organizational Development and Leadership Training Services