The Riverside Company has acquired Wall Street Prep (WSP), a provider of financial training services and certifications, from Eden Capital.
WSP provides students and finance professionals with self-paced online courses, certification programs, and live corporate and university training. The company also offers hands-on learning experiences for corporate clients, facilitated by more than 120 expert instructors. WSP serves over 300 corporate clients, maintains 150 university partnerships, and has a learner base exceeding 500,000.
WSP, led by CEO Matan Feldman, was founded in 2004 and is headquartered near Boston in Brookline, Massachusetts. “We’re excited to partner with The Riverside Company to continue delivering exceptional value to our customers while advancing our vision to be the global leader in financial training,” said Mr. Feldman. “Riverside’s expertise and resources in the education and training industry and global footprint will allow us to accelerate our capabilities to best serve our customers and clients.”
The Riverside Company has extensive experience in the education and training sector, having invested in more than 120 education and training companies, including those specializing in pre-K, K-12, post-secondary education, corporate training, and certifications.
“WSP has become synonymous with top-tier financial training for banking, investment, and corporate finance professionals,” said Peter Tsang, the co-chief investment officer of Riverside’s Capital Appreciation strategy. “We see an incredible opportunity to expand the company’s capabilities, scale its offerings, and drive international growth in this dynamic space. We’re eager to collaborate with the WSP team to build on their success and drive transformative growth.”
The Riverside Company invests in lower middle-market companies with EBITDA of up to $35 million and valuations of up to $400 million. The firm focuses on business services, consumer brands, education and training, franchisors, healthcare, software and IT, and specialty manufacturing. Founded in 1988, Riverside is headquartered in New York City.
The firm’s most recent fund is Riverside Value Fund I LP, which closed at its $350 million target in July 2023. This fund represents the 34th fund raised in Riverside’s history and focuses on investing in businesses undergoing operational transformation or facing complex situations or unique challenges.
Eden Capital first invested in WSP in July 2021. “It was a pleasure working with Matan and the WSP team through this period of transformational growth,” said Dina Said Dwyer, the founder and managing partner of Eden. “Over the past 3.5 years, management successfully executed on their organic growth strategy, which delivered innovative solutions to the market, expanded WSP’s market presence, and positioned it well to capitalize on new opportunities in this next phase of development. We are excited for WSP to be partnering with the Riverside team to continue to deliver leading financial training in the ever-evolving financial services landscape.”
Eden Capital invests $20 million to $75 million per transaction in companies based in the United States, Canada, and Western Europe with EBITDA between $3 million and $15 million. The firm targets investments in technology, business services, and education. Eden Capital is currently raising its second fund, Eden Capital Partners II LP, with a target of $400 million. Founded in 2015, the firm is headquartered in New York City.
Harris Williams served as the financial advisor to The Riverside Company on this transaction, while William Blair advised Eden Capital and Wall Street Prep.
© 2025 Private Equity Professional | February 14, 2025
