Parchman Vaughan Adds Associate

BALTIMORE, MD, August 24, 2017 - Parchman, Vaughan, & Company, L.L.C., a leading middle market investment banking boutique focused on the education and training industries, announced today that Rajat (RJ) Parashar has joined the firm as an Associate. Mr. Parashar joins Parchman Vaughan with over six years of M&A and strategic planning experience.   

Prior to joining Parchman Vaughan, Mr. Parashar served as a Consultant with Ernst & Young in Gurgaon, India.  He also spent a year as a Senior Associate with Allure Pvt. Ltd., a boutique investment firm.  Mr. Parashar holds a Master of Business Administration degree from Johns Hopkins Carey Business School, where he was on the Dean's List as well as President of the Investment Banking Association.  Mr. Parashar graduated cum laude with a Bachelor of Science degree in engineering from Gurgaon Institute of Technology in India.

"RJ's past experience and educational background adds meaningful strength to our team," said Todd Parchman, Partner. "RJ will work on the firm's merger, acquisition, divestiture, and financing mandates. Given our current level of business and optimism for the education sector, Parchman Vaughan is well staffed for the future," added Mr. Parchman.

Parchman Vaughan Welcomes Morehead-Cain Scholar Summer Analyst

BALTIMORE, MD, June 30, 2017 - Parchman, Vaughan, & Company, LLC, a leading middle market investment bank focused on the education and training industries, continues its long-standing partnership with the Morehead-Cain Foundation by welcoming Morehead-Cain scholar Jacob Schmidt as a summer analyst. Schmidt is a rising junior at the University of North Carolina at Chapel Hill, pursuing a Business Administration degree from the prestigious UNC Kenan-Flagler Business School. He is a member of the varsity football team at North Carolina, and also commits time to the school’s Athletes in Action organization. Schmidt spent last summer in Cape Town, South Africa as a mentor and coach at the Ubuntu Football Academy, a non-profit organization focused on empowering young boys through sports and developing the next generation of African leaders.

Parchman Vaughan provides the highest level of investment banking expertise to company clients. Parchman Vaughan partner and Morehead-Cain alumnus Todd Parchman founded the company in 1996 alongside partner Lara Vaughan, and with the recent addition of partner James Rowan, the team at Parchman Vaughan has led over 300 engagements in the education sector, completed M&A transactions totaling over $1.5 billion, and executed financings with a transactional value greater than $5 billion.

The Morehead-Cain Foundation is the United States' oldest and most prestigious merit scholarship program, which features a distinctive summer enrichment program designed to support students throughout their college experiences. During the course of four summers, scholars have opportunities to complete an outdoor leadership course, commit themselves to public service in the U.S. or abroad, conduct research at sites around the world, and gain experience in private enterprise. 

The selection criteria for Morehead-Cain Scholars are leadership, academic achievement, moral force of character and physical vigor. Recipients are chosen solely based on merit and accomplishment. Less than 3 percent of all applicants receive the scholarship.

Some of the 3,000 Morehead-Cain alumni include:

  • Pulitzer Prize-winning author Taylor Branch;
  • U.S. Congressman Jim Cooper;
  • North Carolina Governor Roy Cooper;
  • U.S. Congressman David Price;
  • Bobby Evans, General Manager of the San Francisco Giants;
  • Sallie Krawcheck, Chief Executive Officer and Co-Founder of Ellevest, and one of LinkedIn’s Top Ten Influencers;
  • Jonathan Reckford, Chief Executive Officer of Habitat for Humanity International;
  • Tim Sullivan, Chief Executive Officer of Ancestry.com;
  • Karen Stevenson, a U.S. Magistrate Judge and the first black American woman to win the Rhodes Scholarship;
  • New York Times columnist and author Frank Bruni;
  • Ann Livermore, current Board of Directors and former Executive Vice President at Hewlett-Packard;
  • Adam Falk, President of Williams College;
  • Best-selling novelist Shilpi Somaya Gowda;
  • Peter Henry, Dean of New York University’s Stern School of Business;
  • Francis Collins, Director of the National Institutes of Health; and,
  • Todd Parchman, Partner of Parchman, Vaughan, & Company.

Parchman Vaughan Adds Veteran Banker

Baltimore, MD, April 3rd, 2017 -- Parchman, Vaughan & Company, L.L.C., education sector investment banker, is pleased to announce that James A. Rowan is joining the firm as a Partner. 

Mr. Rowan recently served as the Managing Director, Senior Advisor, and Education Group Head of Stifel, Nicolaus & Company, Inc. In 1993, Mr. Rowan joined Legg Mason Capital Markets, which was subsequently acquired by Stifel Nicolaus, and played an integral part in developing the firm's significant investment banking role in the proprietary education and training industries. Mr. Rowan has completed financings with a transactional value of over $5 billion and M&A transactions totaling over $1 billion. 

He was a venture capitalist for six years and prior to that was a Senior Financial Executive at ITT Corporation and City Investing Company, based in New York and London. Mr. Rowan has been an Independent Director of National American University Holdings, Inc., since November 2014. He is a Trustee of Waynesburg University (Pennsylvania), and is on the Financial Advisory Council of CECU (Career Education Colleges and Universities).

Mr. Rowan remains active in alumni affairs at The Lawrenceville School (N.J.) and Cornell University, where he is on the Dean's Leadership Committee for the Johnson Graduate School of Management. A graduate of Lawrenceville, he received a Bachelor's degree in Economics and an MBA in Finance from Cornell University. 

"Jim is the Dean of the education banking world" said Lara Vaughan, Partner. "He brings unparalleled experience to us. We've known him for the last 20 years and have been on the other side of the table in transactions as well as competing for business. Jim is a great addition to Parchman Vaughan.  Our team is uniquely positioned to serve clients as they address the changing dynamics and growth opportunities in the education space."

"Well-positioned, financed and managed education and training companies--both private and public, will continue to play a meaningful role in the education universe," Mr. Rowan said. "We are committed to enabling their success as creative and sound financial partners. I look forward to being a vital part of Parchman Vaughan's growth."

"With our combined experience and networks, Parchman Vaughan is poised to serve the education technology and service sectors. While many firms have pulled back their coverage of the industry, we are fully committed to this exciting sector," commented Todd Parchman, Partner.

Parchman Vaughan's Fifth Morehead Cain Intern

BALTIMORE, MD, June 5, 2014 - Parchman, Vaughan & Company, L.L.C., a leading middle market investment bank focused on the education and training industries,continues its partnership with the Morehead-Cain Foundation by welcoming Brent McKnight to the team. Brent has just finished his second year as a Morehead-Cain Scholar at the University of North Carolina at Chapel Hill, where he is pursuing a double-major in History and Global Studies with a minor in Philosophy, Politics, and Economics. During the summer of 2013, Brent worked in Nicaragua for Bless Back Worldwide and Los Rayos de Esperanza, where he led a project focusing on the implementation and monitoring of aquaponics systems. After working in Nicaragua, Brent spent a semester studying in London, UK, where he also held an internship with law firm Philcox Gray.

Parchman Vaughan, has advised over 100 clients on transactions in the education industry. Parchman Vaughan partner and Morehead-Cain alumnus Todd Parchman explained, "We are very fortunate to have a long-standing relationship with the Morehead-Cain Foundation. Brent represents the best of the Morehead-Cain values. His internship comes at a very exciting and busy time for Parchman Vaughan. His efforts will be helpful to us and our clients."

Founded in 1945, the Morehead-Cain Foundation is the United States' oldest and most prestigious merit scholarship program, boasting nearly 3,000 alumni worldwide. Inspired by the Rhodes Scholarship at Oxford University, the Morehead-Cainsponsors students for four years of undergraduate study at UNC-Chapel Hill and four unique summer enrichment opportunities, all fully funded. They also have the Discovery Fund, which allows scholars to more deeply explore their own specific interests.

Morehead-Cainselections are based on student achievement in four core areas: leadership,scholarship, moral force of character, and physical vigor. Scholars play aprominent role in Carolina's student community and are active in a wide rangeof student groups and organizations, from student government to social justiceand the performing arts.

Notable Morehead-Cain Alumni include:

  • Pulitzer Prize-winning author Taylor Branch;

  • U.S. Congressmen Jim Cooper, Mike McIntyre and David Price;

  • Sallie Krawcheck, owner of the Ellevate Network and former executive with Merrill Lynch and Smith Barney;

  • Jonathan Reckford, Chief ExecutiveOfficer of Habitat for Humanity;

  • New York Times columnist Frank Bruni;

  • Tim Sullivan, Chief Executive Officerof Ancestry.com;

  • Ann Livermore, current Board of Directors member and former executive with Hewlett-Packard;

  • Adam Falk, President of Williams College;

  • Peter Henry, Dean of New York University's Stern School of Business;

  • Danae Ringelmann, Co-founder and Chief Development Officer of Indiegogo, the world's largest crowdfunding platform;

  • David Gardner, Co-founder and Co-chairman of the board of the Motley Fool,world-renowned multimedia financial services company

  • Francis Collins, Director of the National Institutes of Health.

  • 30 of Carolina's 33 Rhodes Scholars

  • 24 of Carolina's 36 Luce Scholars

  • 19 of Carolina's 32 Truman Scholars

  •  27 Fullbright Fellowship Winners

Parchman, Vaughan & Company, L.L.C