Parchman, Vaughan Adds Veteran Banker to Team

BALTIMORE, MD, March 22, 2011 - Parchman, Vaughan &Company, LLC, a leading middle market investment banker to the education and training industries, is pleased to announce that Robert L. Manning,Jr. has become a Senior Advisor at Parchman, Vaughan.  “Bob is a banker’s banker and has a wealth of education experience in both the non-profit and for-profit sectors.  Bob will work with our Investment Banking practice as well as with our new joint venture in Transition Advisory Services.”

Prior to forming M2P Capital in early 2002, Mr. Manning was a partner at Thoma Cressey Equity Partners and formed its Denver office in 1997.  Mr. Manning co-founded Green Manning & Bunch, a Denver investment banking firm, in 1988 and was a partner there until 1997. Previously, he served as Executive Vice President in charge of Corporate Finance and Director for Boettcher & Company, where he chaired its Investment Committee and served as a director of its private equity funds.  His early career included senior corporate lending and management positions with the First National Bank of Denver and First Chicago.

Mr. Manning serves as a director of  First Banks of Colorado and Cheyenne Capital Fund.  He is also a former trustee of Westwood College.  He is a trustee and past chairman of the Denver Area Council of Boy Scouts and served on the board of the National Council of Boy Scouts.  He is a trustee and vice chair of The Colorado College and serves on its Investment, Governance and Visibility Committees, as well as trustee representative to the Athletic Board.  He also serves as a director of the Air Force Academy Foundation, as a director and past chair of the Economic Club of Colorado, and is a director and past president of The Hundred Club of Colorado.  He is a member of the Tower Club and Colorado Thirty Group.  Mr. Manning also served on the boards of the Culver Educational Foundation, St. Joseph Hospital Foundation, Metro Denver Executive Club, and Blue Cross Blue Shield of Colorado.