Porter Hedges Represents Ampersand in its Sale to Ascent Funding

Porter Hedges represented Ampersand Professionals, Inc. ("Ampersand"), a web-based professional development platform that provides skills, confidence, and training to young professionals as they gain meaningful employment, in its sale to Ascent Funding, LLC ("Ascent"), a leader in outcomes-based lending and student success. The strategic acquisition further advances Ascent's vision to be a leader in driving positive student outcomes.

Through the transaction, Ascent will acquire Ampersand's technology, including a library of high-quality, asynchronous professional development training lessons geared toward early career professionals. These resources add to Ascent's existing digital and coaching services offered to college loan borrowers through its Success Program.

Ampersand Professionals, Inc. is a Houston, Texas based workforce development training platform combining personalized mentorship, coaching, and training for entry-level job seekers.

Ascent Funding, LLC is a leading provider of innovative financial products and student support services that enable more students to access education and achieve academic and economic success.

For additional information, please see the Ascent press release here.