Lowenstein Sandler represented Nexphase Capital (NexPhase), an operationally focused, independent private equity firm, in its investment in Surgent, a leading provider of end-to-end professional education from pre-licensure to continuing education for accounting, finance, and health care professionals. Terms of the transaction were not disclosed.

Historically focused on meeting the highly specialized needs of accounting and tax professionals, Surgent offers a comprehensive customer experience through online and live CPE courses and provides nearly one million CPE credits annually to tens of thousands of licensed accounting professionals. Its award-winning exam preparation courses enable pass rates well in excess of the national average.

This year, Surgent expanded into the health care sector with its acquisition of Pharmaceutical Education Consultants, Inc. By leveraging NexPhase's wealth of experience scaling vertical and software services companies, this partnership is expected to propel Surgent's continued expansion.

The Lowenstein Sandler team included Christopher C. HenryGina M. Seong, Lauren M. Troeller, Eric Jesse, Michael Walutes, Vanessa A. Ignacio, Manali Joglekar, Leah Satlin, Julie Levinson Werner, Megan Monson, Marc S. Kurzweil, and Stefanie Manna.