Baltimore Education Firm Prepares For IPO
Camden Learning Corp. is hoping to raise $36 million in an initial public offering so it can go out and invest in education businesses.
The Baltimore Sun reports that the so-called blank check company is "backed by the Baltimore private equity firm Camden Partners, has two executive officers, no full-time employees and no detailed business plan."
Camden Learning's board of directors includes William L. Jews, the former CEO of regional health insurer CareFirst BlueCross BlueShield and currently a director of homebuilder Ryland Group and hotel operator Choice Hotels International Inc., the newspaper said.
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