Sunday, 31 August 2014
Last updated 1 day ago
Oct 30 2007 | 4:19pm ET
The Carlyle Group is going back to school with its newest classmate, the Apollo Group. The two firms have formed a $1 billion joint venture to make a range of investments in the international education services sector.
Apollo has committed up to $801 million, and will own 80.1% of the joint venture, while Carlyle gets a 19.9% stake for $199 million. Apollo, which operates for-profit post-secondary schools such as the University of Phoenix and the Institute for Professional Development, will target investments and partnerships primarily outside the U.S. “with attractive demographic and economic growth characteristics.”
Greg Cappelli of Apollo said, “We are very excited about this new joint venture and our partner, The Carlyle Group. Our core competencies in the education space, combined with Carlyle’s industry relationships and strategic assets across the global education sector, will allow us to successfully capitalize on the tremendous global opportunity that exists in the marketplace.”
Brooke Coburn, co-head of Carlyle Venture Partners III, said, “Global demand for higher education is strong. Apollo Group’s operational expertise coupled with Carlyle’s global network, make this a powerful partnership.”
Apollo Group has been involved in the education sector for more than 30 years.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...