$8M+ Baltimore schooling deal was made in Philly

Milestone Partners, Radnor, has bought a piece of Learn It Systems LLC, a Baltimore firm that says it provides tutoring and other public-school services to 25,000 low-income school students in 11 states, including New Jersey.

Milestone partner Brooke Hayes won't say how much his firm invested, but notes Milestone typically puts at least $8 million into the firms it backs. Milestone bought out an unnamed original investor in Learn It.

It's Milestone's first school investment. Hayes says his diversified firm, with three funds and over $360 million in client assets, met Learn It through investment banker Anthony Lopez Ona and his firm, Philadelphia-based Mufson Howe Hunter & Co., who advised advised Learn It in the deal. Dan McDonough of Philadelphia law firm Pepper Hamilton LLC advised Milestone.