Copy
Renovus Capital Partners Invests in
Stratus Prep, an Admissions Counseling & Test Prep Provider
Founded in January 2010, Renovus Capital Partners is a $185 million, education-focused private equity fund based in Wynnewood, PA, a suburb of Philadelphia.

Renovus invests in small and mid-sized businesses within the education and training sectors, including both educational institutions and companies that provide these institutions with technology, content and services.

The Fund is particularly interested in growth-oriented businesses, and the Renovus team actively partners with management to build its portfolio companies through acquisitions, new strategic initiatives and operational improvements.

The Renovus team has a combined 50+ years of experience investing in the education and training sectors and the founding partners have been working together since 2005.

 
Renovus is a licensed SBIC.
 
Brad Whitman
Brad.whitman@renovuscapital.com
646.660.4040
Atif Gilani
Atif.gilani@renovuscapital.com
917.340.2173
Jesse Serventi
Jesse.serventi@renovuscapital.com
484.416.0856
Fred Hill
Fred.hill@renovuscapital.com
973.493.0868
Bill Landman
William.landman@renovuscapital.com
610.896.3000
 

 


 
July 15, 2014 Wynnewood, PA - Renovus Capital Partners (“Renovus” or the “Fund”) announced today an investment in Stratus Prep, LLC (“Stratus Prep” or the “Company”).  As part of the transaction, Renovus acquired a major stake in the business with the founder and CEO retaining a significant interest in the Company.

Stratus Prep, based in New York City, New York, is a provider of admissions counseling and test prep services to students applying to professional, graduate and undergraduate schools.  The Company’s largest offering supports students applying to business school and taking the Graduate Management Admission Test (“GMAT”).  With business school admissions becoming increasingly competitive, applicants must do more to differentiate themselves through their applications and essays, and Stratus Prep works with top students to craft an effective admissions package to leading business schools.  The Company delivers these services through a network of counselors who are all graduates of top business schools, many of whom have prior experience working in admissions departments at elite institutions.  Stratus Prep customers are routinely admitted to leading business schools like Harvard, Stanford and Wharton.  In addition to supporting business school applicants, the Company also works with students applying to law school, graduate school and college. 

“The partnership with Renovus will enable us to really accelerate the growth of the business,” noted Shawn O’Connor, Stratus Prep’s founder and CEO. “We have a tremendous opportunity to expand Stratus Prep into new lines of business, particularly working with high school students to get into elite colleges.  Admission to the Ivy League is more competitive than ever and parents with top students are more than willing to invest in the counseling and test prep that can get their children into the school of their choice.”

“There is a tremendous supply/demand imbalance between elite universities and qualified applicants, especially with growing numbers of international students applying to U.S. institutions” added Atif Gilani, a Renovus founder. “We spent a significant amount of time researching the quality of Stratus Prep’s services and were very impressed with their success rates.  They clearly make a difference in getting a student into a top university. ”

“The admissions counseling and test prep market is highly fragmented, with many small providers,” concluded Brad Whitman, a Renovus founder. “What sets Stratus Prep apart from other companies we’ve seen is the quality and experience of their counselors, and Shawn’s efforts at creating a standardized, successful approach to crafting an application.  With many admissions counselors you never know what you are going to get, but with Stratus Prep there is a proven methodology behind their approach that has worked time and again. ”

DLA Piper advised Renovus on the transaction while Dickstein Shapiro and MidCap Advisors advised Stratus Prep.

Renovus Capital Partners Portfolio
The Ariel Group is a provider of training programs that teach leadership and communications skills to mid- and senior-level executives.
Atomic Learning trains teachers and students on how to use a wide range of education-related software applications through an online platform with more than 50,000 individual tutorials.
EDIC College is a career college offering associate’s degrees and certificates in a variety of health-related fields at two campuses in Caguas, Puerto Rico.
Linkage offers a variety leadership training programs for senior and high potential executives of large companies, covering such areas as organizational development, innovation, team assessment and women in leadership.
Phoenix East Aviation is a provider of ab initio training for U.S. and international students seeking to become commercial pilots.  The school has approximately 300 students at its single campus in Daytona Beach, Florida.
Prime Technology Group is a provider of customized software solutions and mission critical IT services to insurance, healthcare and other companies that provide web-enabled services.  
South College of Tennessee is a private sector university offering a variety of degrees in health, legal, education and business, including a Master’s level program in Physician’s Assistant and a Doctoral level Pharmacist program.
Telemedia, Inc is a provider of technical training content and programs for large industrial companies around the world.  Delivered both online and in-person, these programs train industrial workers to maintain and operate complex machinery, observe proper safety precautions and comply with government regulations.  

Copyright © 2014 Renovus Capital Partners, All rights reserved.