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American Public Educationís Camden Partners back with a SPAC


BOCA RATON, FLA - Recent recommendations regarding how to create supply to satisfy demand for publicly traded colleges and universities seem prescient now that a well known team is going back to the well for more investor money. One of the key investor groups associated with American Public Education (APEI), which recently went public, has formed a special purpose acquisition company (SPAC) and filed a Form S-1 with the SEC to take the SPAC public. Investment industry insiders expect the SPACís IPO to become effective shortly.

Camden Partners, a private equity company that along with ABS Capital Partners controlled American Public Education, leads a group at Camden Learning Corporation, the newly registered SPAC. The November 8, 2007 IPO of American Public Education raised over $90 million and its shares soared from $20 to $38 the first day of trading. Camdenís David L. Warnock knows a good thing when he sees it and anticipates using the new SPAC to do deals in the education industry.

University Consultants LLCís Joseph Schmoke, who recently recommended that colleges and universities seek reverse merger partners, commented that Camden Learning SPACís timing is as close to perfect as one might hope. ďWith the demand for publicly traded shares in colleges and universities, Warnock and his partners are in the right place at the right time, again,Ē Schmoke stated.

Schmoke also said that he was aware of another planned education industry SPAC but was not at liberty to disclose its name or controlling shareholders. ďI am sure that lots of smart people are looking closely at education industry investments, including SPACs. I might even do one myself,Ē said a smiling Schmoke.

About University Consultants LLC
Founded in 1980, this Boca Raton firm has most recently advised on, and originated, transactions in the training and education industry. The firmís founder, Joseph Schmoke, also serves as CEO for Andrew Jackson University, a for-profit online degree granting university.



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