04/18/02
Contact Elliot A. Sainer, C.E.O., Aspen Education Group

Aspen Education Group , a national leader in the provision of educational services and programs to underachieving youth, announced today that it has obtained $15 million in additional funding from Warburg Pincus, the global private equity firm. The additional funds will be used to promote company growth, while permitting Aspen to expand both its geographic reach and programs for its clients.

“We are very excited to have Warburg Pincus as our new partner,” said Elliot A. Sainer, CEO of Aspen Education Group. “Warburg Pincus is one of the leaders in the private equity world and its experience and knowledge in the education industry will be very helpful to us as we continue our growth as an education company. Along with our two existing equity sponsors, Sprout Group and Frazier & Co., we are very fortunate to have three strong financial partners who support the work that we do with youth and their families,” said Sainer.

Aspen Education Group is the industry leader in providing educational services to youth and their families. All of its educational services are integrated with a strong and effective personal growth program. Aspen’s educational programs take many forms and occur in a variety of settings, ranging from traditional classrooms to experiential learning in the outdoors.