Riverside Trains Its Eyes On Another Exit

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Firm Sells its Stake in Crisis Prevention Training Company

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Our team worked with an excellent group of managers at CPI to make a good company even better. Our targeted investments within CPI helped to expand its product offering, market share, and international presence.

The Riverside Company has realized its investment in Crisis Prevention Institute (CPI). CPI is the global leader in providing crisis prevention, nonviolent physical intervention and dementia care training to professionals employed in a wide range of environments, including schools, hospitals, mental health clinics and long-term care facilities. The exit of the Milwaukee, Wisconsin-based company generated a 5.0x gross cash-on-cash return and a 36% gross IRR for Riverside and its investors.

Riverside acquired CPI in 2006 and has spent the past five years investing in the company to foster rapid growth. The 2009 add-on acquisition of Dementia Care Specialists expanded CPI’s focus to include seniors suffering with dementia and their caregivers, while the 2010 addition of Positive Options solidified CPI’s market leadership position in the UK market and internationally. In addition to add-on acquisitions, Riverside augmented the existing strong management team to help drive significant revenue and EBITDA growth throughout the ownership period. CPI has become the world’s leading training organization in its niche with more than 6 million professionals trained since its founding. The company conducts more than 300 training programs each year in 39 different countries and 130 cities around the world.

“CPI is great story of a mission driven company – where driving growth financially meant reaching a larger audience with the message of ‘Care, Welfare, Safety and Security’ for some of our most vulnerable citizens,” said Riverside Partner Anne Hayes. “Our team worked with an excellent group of managers at CPI to make a good company even better. Our targeted investments within CPI helped to expand its product offering, market share, and international presence.”

Riverside’s focus on education and training businesses played a key role in driving growth at CPI, bringing Riverside Senior Education Advisor, Bob Bowen, to the Board of Directors for strategic guidance.

Working with Hayes for Riverside on the sale of CPI to Brockway Moran & Partners were Operating Partner, David Gold; Principal, Peter Tsang; Vice President, Martha Sciaraffo; Vice President, Ryan Richards; and Senior Associate, Ben Davis. Associate Director of Origination, Amy Margolis worked with the deal team and the sell side advisor to facilitate the exit.

Harris Williams & Co. advised Riverside on the sale of CPI, and Jones Day provided legal counsel to the sellers.

The Riverside Company (http://www.riversidecompany.com or http://www.riversideeurope.com)
The Riverside Company is a global private equity firm focused on acquiring growing enterprises valued at up to $200 million (€200 million in Europe). The firm partners with strong management teams and enhances its investments through acquisitions and organic growth. Since its founding in 1988, Riverside has invested in more than 260 transactions with a total enterprise value of more than $5.4 billion/€4.4 billion. The firm’s portfolio in North America, Europe and the Asia Pacific region includes more than 75 companies with roughly 14,000 employees. Riverside completes acquisitions smoothly thanks to $3.4 billion/€2.7 billion in assets under management, more than 200 professionals in 20 offices, and longstanding relationships with partner lenders.

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Graham Hearns
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