Northbrook private-equity firm to take controlling stake in Tribeca Flashpoint

    Sterling Partners, a Northbrook-based private-equity firm, is buying a controlling stake in Tribeca

    Flashpoint Media Arts Academy, the Chicago digital media arts college led by Howard Tullman.

    The school, which has about 600 students, will use the new capital to expand under the continuing leadership of Mr. Tullman, an entrepreneur who has been CEO and an owner of the academy since operations began in 2007. Terms of the transaction weren’t disclosed.

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