SAN FRANCISCO, 23 March, 2009 – ThinkEquity LLC, the leading growth-economy focused investment bank, is pleased to announce that it acted as sole financial advisor to The Princeton Review, Inc (Nasdaq:REVU) on the sale of its K-12 Services division to a subsidiary of India’s CORE Projects & Technologies Limited.
Co-head of investment banking at ThinkEquity, Doug Gonsalves, said: “We were delighted to serve as The Princeton Review’s adviser in the process of selling its K-12 business. Even in this challenging environment, REVU was able to execute its strategic plan and find a good home for its business and employees.”
Mr Gonsalves added: “We are seeing top-flight management teams continue to position their companies for greater success through this economic downturn, and targeted acquisitions and divestitures are a core part of this activity. In addition to our specialized growth-company M&A advisory services, we have developed a full complement of investment banking, sales and trading and equity research capabilities to support management teams as they navigate these choppy markets.”
In other recent M&A activity, ThinkEquity also acted as advisor for its client Leadis Technology, Inc, (Nasdaq: LDIS) in the divestiture of its power management and portable audio businesses.
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About the Panmure Gordon Group
Founded in 1876, Panmure Gordon & Co (PMR.L) is a leading independent mid-cap institutional stockbroker and investment bank. Encompassing its US franchise, ThinkEquity, LLC, the Group employs approximately 250 professionals across the US, the UK and Nyon, Switzerland, offering a blend of transatlantic financial services including research, sales and trading, wealth management and asset management.