Education Corporation of America

Summary

Chief Restructuring Officer

Birmingham, AL

Education Corporation of America (“ECA”) included Virginia College, Brightwood College, New England College of Business, EcoTech, and the Golf Academy.

Decline performance industry wide made finding the capital to execute a strategic acquisition a challenge.

CMA was hired by Monroe Capital, a debt capital provider, to assess ECA’s financial position, management capabilities and the industry as a whole.

Key Challenges

Declining Revenue

Distressed Industry

Complex Strategic Acquisition

Engagement Highlights

Worked with the ECA management team in identifying strengths and weaknesses to determine the viability of the strategic acquisition and Monroe Capital’s investment.
Constructed financial models with sensitivity to determine loan covenants and debt structure.
Assessed regulatory compliance risks and the potential impact of Gainful Employment.

Education Corporation of America

Summary

Chief Restructuring Officer

Key Challenges

Engagement Highlights

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