Thursday, August 31, 2006

TechSkills Acquires Boston Education Center, Gains $10M In Financing

Austin, Texas-based TechSkills, an operator of educational centers focused on IT, health services, and career training, said today it has acquired Boston University Corporate Education Center. The firm said it raised a combination of debt and equity worth $10M for the acquisition. BUCEC provides adult career education. The senior debt funding came from SVB Silicon Valley Bank, and also included Marquette Capital Partners, O'Connor Investments, and Chrysalis Ventures. Mezzanine debt financing came from Marquette and Chrysalis, and both Marquette and Chrysalis invested in a Series D equity round. More information »