AP Capital Partners Acquires Controlling Interest In New Futuro

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AP Capital Partners (http://www.apcpartners.com) announced that it had successfully completed the acquisition of a controlling interest in New Futuro, LLC (http://www.newfuturo.com). New Futuro is the nation’s premier one-stop resource for bilingual, culturally relevant information about education and career development for Latinos.

“APCP invests in operating companies and executives alike that, before partnering with us, have a demonstrated track record for outstanding performance"

AP Capital Partners (http://www.apcpartners.com) announced that it had successfully completed the acquisition of a controlling interest in New Futuro, LLC (http://www.newfuturo.com). New Futuro is the nation’s premier one-stop resource for bilingual, culturally relevant information about education and career development for Latinos. To those ends, New Futuro provides Fortune 1000 clients and government agencies with the nation’s most compelling social and digital media center for reaching Latino consumers. The deal was officially consummated in early 2011. Management retained substantial equity in the company. No other deal terms were disclosed. New Futuro became eligible for Minority Business Enterprises (MBE) status, as an AP Capital Partners (APCP) portfolio company.

“We are extremely excited to bring New Futuro into the APCP portfolio,” said Frantz Alphonse, Co-founder and Managing Partner of APCP. “APCP invests in operating companies and executives alike that, before partnering with us, have a demonstrated track record for outstanding performance, while providing excellent service and driving significant value to their clients among the Fortune 1000 and government agencies”. Mr. Alphonse assumed the position of Co-Chairman of the Board along with New Futuro Co-founder, Martin R. Castro. President Barack Obama recently appointed Mr. Castro Chairman of the U.S. Commission on Civil Rights. Mr. Castro is also Chairman of the Illinois Human Rights Commission by appointment of Gov. Pat Quinn.

New Futuro
New Futuro is a purpose driven, integrated media company that provides Latino families with the knowledge, guidance and professional social network they need to get their students into college and beyond. To accelerate scale, New Futuro operates national outreach programs that engage millions of Latinos in their communities and create bridges to the New Futuro online platform. To ensure sustainability, New Futuro partners with non-profits, educational providers and corporate sponsors to build a valuable ecosystem that operates within the New Futuro platform. New Futuro is currently partnered with more than a dozen national and community-based Latino organizations and education providers many of which are also members of New Futuro’s National Advisory Board. New Futuro’s corporate partners include Fortune 1000 companies and world-class organizations such as Allstate, Univision, Sylvan Learning, The Tribune Media Group’s Hoy and others.

Peter Wilkins
Pete Wilkins is the Co-founder and CEO of New Futuro. Wilkins incubated New Futuro several years ago in partnership with Sterling Partners, a private equity firm with $4 billion under management and a preeminent investor in for-profit education enterprises. Prior to New Futuro, Wilkins was employed by Kohlberg Kravis & Roberts (KKR) Capstone, KKR’s operation group, where he served as President of PRIMEDIA Healthcare. KKR is one of the world’s leading private equity firms with over $60 billion under management. While at the helm of PRIMEDIA Healthcare, Wilkins turned the organization around from record losses to record profits and built one of the premier online physician communities in the world. Separately, Mr. Wilkins had also served in executive roles for two technology companies that collectively sold for over $2.8 billion.

“With New Futuro, Pete replicated a virtually identical business model to that of PRIMEDIA Healthcare”, said Frantz Alphonse. “But, even separate from his success at PRIMEDIA Healthcare, Pete boasts a multi-billion dollar track record with high-growth enterprises. In my estimation and that of others, Pete is undeniably among the best in the world at what he does.” Wilkins added, “the working relationship with APCP has been immensely gratifying for me and the New Futuro team. In a true partnership approach, I look forward to working with APCP on New Futuro and even over the long-term on other investment opportunities that may present themselves to us.”

APCP & Minority Business Enterprises (MBE) Certification
Ethnic minorities reportedly represent more than a third of the US population and are projected to represent a majority in coming decades. To those ends, members of the Fortune 1000 and all US government agencies champion supplier diversity and typically work diligently to achieve MBE spend objectives. Devised at Harvard Business School and launched in 2002, APCP is a fully minority-owned private equity group that, at its discretion, has the ability to confer MBE status newly to its portfolio companies. APCP confers MBE status by assuming controlling interests in large, scalable companies that, pre-acquisition, are already servicing Fortune 1000 clients and government agencies meaningfully and at the very highest performance levels. APCP invests strictly in very high growth enterprises that only stand to benefit even further from newly conferred MBE status. Simultaneously, APCP immediately enables members of the Fortune 1000 and government to demonstrate meaningful partnership with a proliferating body of newly-minted, large, scalable, top-performing MBE’s. APCP also seeks to partner with Sellers whom APCP typically requires to hold minority equity positions. Since its inception, APCP has built an extensive track record with and is uniquely adept at acquiring controlling interests in high growth enterprises and prudently leveraging MBE status to generate outsized risk-adjusted returns.

APCP through its portfolio companies has also cultivated ongoing relationships in the Procurement Divisions of a spate of Fortune 1000 companies. Richard Powell, Managing Partner with APCP, commented, “aside from cross-marketing and business development access that these relationships provide, the inside perspective, specifically in procurement trends, that these resources offer is an enormous part of the APCP investment advantage”. APCP’s preferred status with the National Minority Supplier Development Council (NMSDC), the governing body that confers MBE Certification to qualified businesses, enhances these relationships within the Fortune 1000 and government agencies even further.

Malik Ali is the Chief Executive Officer of the NMSDC of Florida and, himself a graduate of Harvard Business School, was first introduced to APCP through his mutual network there. He offered the following comments. “New Futuro already offered a highly compelling and attractive value proposition to members of the Fortune 1000. However, now as an APCP portfolio company, New Futuro also became one of the hottest MBE’s in the nation. The Company had already demonstrated very impressive growth, but now, as an MBE, the FMSDC looks forward to supporting New Futuro even further by helping the Company to engage with members of the Fortune 1000. We fully anticipate that these potential clients will be eager to learn more about New Futuro’s platform for efficiently reaching one of the most loyal and fast-growing demographics in the United States”.

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About AP Capital Partners, LLC
APCP is a private equity firm that undertakes long-term assignments in exceptional enterprises. The firm's goals are to dramatically improve financial performance, deliver best-in-class products and services, and create fulfilling environments for employees. APCP delivers strong relationships, a true partnership approach, and effective execution to outstanding enterprises. The APCP team includes highly successful financiers, institutional investors, and entrepreneurs. For additional information, please visit http://www.apcpartners.com or email info(at)apcpartners(dot)com.

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Frantz Alphonse
AP Capital Partners
407-472-1892
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