The Carlyle Group Makes Controlling Investment in WorldStrides

The Carlyle Group has made a controlling investment of undisclosed amount in Charlottesville, Virginia-based student travel organization WorldStrides.

Carlyle acquired its interest in the business from Charlesbank Capital Partners and Silverhawk Capital Partners, both of which will continue to own stakes in the company. The investment will help WorldStrides continue to grow both domestically and internationally.

Founded in 1967 and led by CEO Jim Hall, the company provides supplemental educational student travel programs in more than 80 countries to approximately 200,000 students – from elementary through graduate school – annually. It is accredited by all six of the regional accrediting bodies recognized by the Department of Education.

FinSMEs

05/10/2011

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