Schooling in the Ownership Society: Romney, Bain took over test giant Princeton Review

Schooling in the Ownership Society: Romney, Bain took over test giant Princeton Review:

Romney, Bain took over test giant Princeton Review

by Mike Klonsky

One of Bain's takeover targets while Gov. Romney ran the predator investment firm, was Princeton Review, one of the largest testing and test-prep operations in the country. In 2007, Bain and Prides Capital, made a $60 million preferred stock investment in Princeton and effectively took the company over, replacing former CEO John Katzman with Michael J. Perik, former CEO of The Learning Company (another Bain company).

Said Perik, at the time, "I am also pleased to be able to work