Simpson Thacher represented the underwriters, led by Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC, in connection with the initial public offering of Phoenix Education Partners, Inc. (“Phoenix Education Partners”), which consisted of 4,250,000 shares of common stock sold by certain selling shareholders at a public offering price of $32.00 per share. The offering raised $136 million in gross proceeds. Shares of Phoenix Education Partners are now listed on the New York Stock Exchange under the ticker symbol “PXED.” The transaction closed on October 10, 2025.
Phoenix Education Partners is the parent company of The University of Phoenix, Inc., a pioneer in online education for working adults. Founded in 1976, University of Phoenix provides access to higher education opportunities that enable students to develop the knowledge and skills necessary to achieve their professional goals, improve the performance of their organizations and provide leadership and service to their communities.
The Simpson Thacher team included Ken Wallach, Jessica Asrat, Ben Pittenger, Christopher Flynn, Max Totsky and Adriana Hong (Capital Markets); Gillian Emmett Moldowan and Courtney Thomson (Executive Compensation and Employee Benefits); Alexander Franchilli, Kate Mirino and Chandler Gerard-Reimer (Intellectual Property); Jennie Getsin (FINRA & Blue Sky); Michael Mann (Tax); Timothy Gallagher (Real Estate); Toby Chun and Deepa Sarkar (Environmental); Drew Kofsky (Labor); and Jeanne Annarumma (ERISA). Adriana Estor-Restrepo also provided valuable assistance.