PHOENIX–(BUSINESS WIRE)–The Phoenix-based overseas education leader, Cultural Experiences Abroad, LLC (the “Company”), which operates through its wholly owned subsidiaries CEA, Inc. and CAPA, the Global Education Network, has appointed a new CEO, Keith Cline, an experienced executive and proven leader. Keith will be the CEO of the combined CEA/CAPA organization.
the announcement comes after private equity firm Infinedi Partners, LP (“Infinedi”) completed the acquisitions of CEA in August 2020 and CAPA in April 2021.
The company works with more than 500 US universities to provide comprehensive education and internship programs abroad in Europe, Central and South America, Africa and Australia. The organization serves more than 7,000 college and university students each year with 12 international study centers and nearly 40 international university partners.
“I am honored to lead these incredible organizations and continue their long tradition of serving the needs of our university partners and our students,” said Keith Cline. “The overseas education industry is the perfect intersection of my passion for leading people and dedicating my time and resources to developing well-prepared, highly educated students.”
Jay Hegenbart, Founder and Managing Partner of Infinedi, said, “Keith is a seasoned leader with an established track record of success. He brings extensive experience in developing strategies, building teams and maximizing results for all stakeholders. We are grateful to have been able to recruit him to be our partner for this exciting opportunity.
For much of the past twenty years, Mr. Cline has held key leadership positions in the hospitality and specialty retail industries. Most recently, he was President and CEO of La Quinta Inns & Suites and its successor company CorePoint Lodging, Inc. during its ownership by The Blackstone Group.
“We’ve helped the company grow during the pandemic-induced industry contraction, providing better support for our university partners and transformative educational options for their students,” said Carter Harned, Partner at Infinedi. “Keith’s appointment as CEO is a natural next step given his many years of supporting higher education, both personally and professionally.”
Brian Boubek, Founder and CEO of CEA, will transition from CEO to Executive Chairman of the Board. His new role is part of a voluntary and planned transition following the acquisition of Infinedi.
About the company
Since 1997, the company has maintained a simple philosophy: to provide high quality international academic programs and services. The Society recognizes and values greater access to global education by providing high-quality, subject-based academic programs that integrate the host culture into an active learning pedagogy. The company’s students participate in academically rigorous courses and innovative internships, all designed to create global leaders for the 21st century.
The company works with more than 500 US universities to provide comprehensive training and internship programs abroad in Europe, Central and South America, Africa, Australia and Asia. The organization serves more than 7,000 college and university students each year with 12 international study centers and nearly 40 international university partners.
To visit ceastudyabroad.com for more information.
Infinedi is a private equity firm focused on innovative partnerships with founder-owned companies and financial entrepreneurs. Based in New York, the firm was founded in March 2018 by Jay Hegenbart. Unlike many traditional private equity firms, Infinedi focuses exclusively on situations where it is the primary institutional investor. Other elements of the strategy include the use of less leverage and longer than usual investment terms.
The firm’s approach is solutions-based, working with business owners to create bespoke private equity investments oriented to maximize effectiveness for all stakeholders. Infinedi’s investments are generally control investments with a large reinvestment from the founder. Its investors include a diverse group of leading institutional investors. Many of these organizations have known the leaders for decades and have benefited from their successful investment experience. Infinedi is actively seeking new investment opportunities.
To visit infinidi.com for more information.