BALTIMORE, MD, August 24, 2017 - Parchman, Vaughan, & Company, L.L.C., a leading middle market investment banking boutique focused on the education and training industries, announced today that Rajat (RJ) Parashar has joined the firm as an Associate. Mr. Parashar joins Parchman Vaughan with over six years of M&A and strategic planning experience.
Prior to joining Parchman Vaughan, Mr. Parashar served as a Consultant with Ernst & Young in Gurgaon, India. He also spent a year as a Senior Associate with Allure Pvt. Ltd., a boutique investment firm. Mr. Parashar holds a Master of Business Administration degree from Johns Hopkins Carey Business School, where he was on the Dean's List as well as President of the Investment Banking Association. Mr. Parashar graduated cum laude with a Bachelor of Science degree in engineering from Gurgaon Institute of Technology in India.
"RJ's past experience and educational background adds meaningful strength to our team," said Todd Parchman, Partner. "RJ will work on the firm's merger, acquisition, divestiture, and financing mandates. Given our current level of business and optimism for the education sector, Parchman Vaughan is well staffed for the future," added Mr. Parchman.
BALTIMORE, MD, June 30, 2017 - Parchman, Vaughan, & Company, LLC, a leading middle market investment bank focused on the education and training industries, continues its long-standing partnership with the Morehead-Cain Foundation by welcoming Morehead-Cain scholar Jacob Schmidt as a summer analyst. Schmidt is a rising junior at the University of North Carolina at Chapel Hill, pursuing a Business Administration degree from the prestigious UNC Kenan-Flagler Business School. He is a member of the varsity football team at North Carolina, and also commits time to the school’s Athletes in Action organization. Schmidt spent last summer in Cape Town, South Africa as a mentor and coach at the Ubuntu Football Academy, a non-profit organization focused on empowering young boys through sports and developing the next generation of African leaders.
Parchman Vaughan provides the highest level of investment banking expertise to company clients. Parchman Vaughan partner and Morehead-Cain alumnus Todd Parchman founded the company in 1996 alongside partner Lara Vaughan, and with the recent addition of partner James Rowan, the team at Parchman Vaughan has led over 300 engagements in the education sector, completed M&A transactions totaling over $1.5 billion, and executed financings with a transactional value greater than $5 billion.
The Morehead-Cain Foundation is the United States' oldest and most prestigious merit scholarship program, which features a distinctive summer enrichment program designed to support students throughout their college experiences. During the course of four summers, scholars have opportunities to complete an outdoor leadership course, commit themselves to public service in the U.S. or abroad, conduct research at sites around the world, and gain experience in private enterprise.
The selection criteria for Morehead-Cain Scholars are leadership, academic achievement, moral force of character and physical vigor. Recipients are chosen solely based on merit and accomplishment. Less than 3 percent of all applicants receive the scholarship.
Some of the 3,000 Morehead-Cain alumni include:
- Pulitzer Prize-winning author Taylor Branch;
- U.S. Congressman Jim Cooper;
- North Carolina Governor Roy Cooper;
- U.S. Congressman David Price;
- Bobby Evans, General Manager of the San Francisco Giants;
- Sallie Krawcheck, Chief Executive Officer and Co-Founder of Ellevest, and one of LinkedIn’s Top Ten Influencers;
- Jonathan Reckford, Chief Executive Officer of Habitat for Humanity International;
- Tim Sullivan, Chief Executive Officer of Ancestry.com;
- Karen Stevenson, a U.S. Magistrate Judge and the first black American woman to win the Rhodes Scholarship;
- New York Times columnist and author Frank Bruni;
- Ann Livermore, current Board of Directors and former Executive Vice President at Hewlett-Packard;
- Adam Falk, President of Williams College;
- Best-selling novelist Shilpi Somaya Gowda;
- Peter Henry, Dean of New York University’s Stern School of Business;
- Francis Collins, Director of the National Institutes of Health; and,
- Todd Parchman, Partner of Parchman, Vaughan, & Company.
Baltimore, MD, April 3rd, 2017 -- Parchman, Vaughan & Company, L.L.C., education sector investment banker, is pleased to announce that James A. Rowan is joining the firm as a Partner.
Mr. Rowan recently served as the Managing Director, Senior Advisor, and Education Group Head of Stifel, Nicolaus & Company, Inc. In 1993, Mr. Rowan joined Legg Mason Capital Markets, which was subsequently acquired by Stifel Nicolaus, and played an integral part in developing the firm's significant investment banking role in the proprietary education and training industries. Mr. Rowan has completed financings with a transactional value of over $5 billion and M&A transactions totaling over $1 billion.
He was a venture capitalist for six years and prior to that was a Senior Financial Executive at ITT Corporation and City Investing Company, based in New York and London. Mr. Rowan has been an Independent Director of National American University Holdings, Inc., since November 2014. He is a Trustee of Waynesburg University (Pennsylvania), and is on the Financial Advisory Council of CECU (Career Education Colleges and Universities).
Mr. Rowan remains active in alumni affairs at The Lawrenceville School (N.J.) and Cornell University, where he is on the Dean's Leadership Committee for the Johnson Graduate School of Management. A graduate of Lawrenceville, he received a Bachelor's degree in Economics and an MBA in Finance from Cornell University.
"Jim is the Dean of the education banking world" said Lara Vaughan, Partner. "He brings unparalleled experience to us. We've known him for the last 20 years and have been on the other side of the table in transactions as well as competing for business. Jim is a great addition to Parchman Vaughan. Our team is uniquely positioned to serve clients as they address the changing dynamics and growth opportunities in the education space."
"Well-positioned, financed and managed education and training companies--both private and public, will continue to play a meaningful role in the education universe," Mr. Rowan said. "We are committed to enabling their success as creative and sound financial partners. I look forward to being a vital part of Parchman Vaughan's growth."
"With our combined experience and networks, Parchman Vaughan is poised to serve the education technology and service sectors. While many firms have pulled back their coverage of the industry, we are fully committed to this exciting sector," commented Todd Parchman, Partner.
We are pleased to announce our latest quarterly Education Sector Overview, which provides a brief summary of public education and training company valuation data as well as recent M&A activity in the sector during the fourth quarter of 2016.