Davis Polk Advises Metalmark Capital on the Sale of WorldStrides

Davis Polk is advising Metalmark Capital in connection with the sale of WorldStrides. Under the terms of the sale and merger agreement, Metalmark and its co-investors have agreed to sell their majority interest in WorldStrides to Eurazeo SE, its co-investors and the WorldStrides management team. The transaction, which is subject to customary closing conditions, is expected to close by the end of 2017.

Metalmark Capital is a leading private equity firm whose principals have a long track record of successful investing in targeted sectors, with particular expertise and focus in industrials, energy and health care. Headquartered in Charlottesville, Virginia, WorldStrides is a leading provider of supplemental educational student travel programs that leads group travel programs to more than 80 countries and serves approximately 400,000 students annually, from elementary through graduate schools.

The Davis Polk corporate team includes partner Michael Davis and associates Evan Rosen, Shanu Bajaj and Sarah M. Weissman. Counsel Hilary Dengel is providing credit advice. The tax team includes partner Kathleen L. Ferrell and associate Jonathan Atkins. The executive compensation team includes counsel Ron M. Aizen and associate Christie Michelle Falco. Partner Jesse Solomon is providing antitrust and competition advice. Members of the Davis Polk team are based in the New York and Washington DC offices.