Thursday, July 28, 2011

AP Capital Partners Acquires Controlling Interest In New Futuro

Orlando, FL. (PRWEB) July 27, 2011 

AP Capital Partners announced that it had successfully completed the acquisition of a controlling interest in New Futuro, LLC. 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. 

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