M&A Deal Summary

Apollo Global Management and The Vistria Group Acquires Apollo Education Group

On February 8, 2016, asset manager Apollo Global Management LLC and private equity firm The Vistria Group acquired education company Apollo Education Group, Inc. for 1.1B

Acquisition Highlights
  • This is Apollo Global Management’s 3rd and The Vistria Group’s 2nd transaction in the Education sector.
  • This is Apollo Global Management’s 41st and The Vistria Group’s 0th largest (disclosed) transaction.
  • This is Apollo Global Management’s 37th and The Vistria Group’s 2nd transaction in the United States.
  • This is Apollo Global Management’s 1st and The Vistria Group’s 1st transaction in Arizona.

M&A Deal Summary

Date 2016-02-08
Target Apollo Education Group, Inc.
Sector Education
Buyer(s) Apollo Global Management LLC
The Vistria Group
Deal Type Going Private
Deal Value 1.1B
Advisor(s) Barclays Investment Bank
Credit Suisse Investment Banking (Financial)
Sullivan & Cromwell LLP (Legal)

Target

Apollo Education Group, Inc.

Phoenix, Arizona, United States
website
Apollo Education Group, Inc.
Apollo Education Group, Inc. is a private education provider. , serving students since 1973. Apollo seeks to improve the lives of adult learners across the globe by making unemployed learners job-ready and employed learners more productive in their careers and communities. Apollo offers undergraduate, graduate, certificate and nondegree educational programs and services, online and on-campus, principally to working learners in the US and abroad. Apollo Education Group, Inc. was established in 1973 and is based in Phoenix, Arizona.

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Buyer(S) 2

Buyer

Apollo Global Management LLC

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 52 of 104
Sector (Education) 3 of 3
Type (Going Private) 11 of 24
State (Arizona) 1 of 1
Country (United States) 37 of 75
Year (2016) 1 of 11
Size (of disclosed) 41 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-12 RegionalCare Hospital Partners

Brentwood, Tennessee, United States

RegionalCare Hospital Partners is an owner and operator of regional acute care facilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 ADT Inc.

Boca Raton, Florida, United States

ADT is a provider of security and automation solutions for homes and businesses in the United States and Canada. ADT's broad and pioneering set of products and services, including ADT Pulse® interactive home and business solutions, and health services, meet a range of customer needs for today’s active and increasingly mobile lifestyles. ADT was originally established in 1874 and is based in Boca Raton, Florida.

Buy $15.0B
Buyer

The Vistria Group

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2013
SizeSmall
Type Sector Agnostic
DESCRIPTION

The Vistria Group is a middle-market private equity firm focused on the education, healthcare, and financial services industries. Vistria was formed in 2013 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 11
Sector (Education) 2 of 2
Type (Going Private) 1 of 1
State (Arizona) 1 of 2
Country (United States) 2 of 11
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 Penn Foster Education Group, Inc.

Scranton, Pennsylvania, United States

Penn Foster is bridging the gap between education and economic opportunity to build tomorrow's workforce. For over 125 years, Penn Foster has helped individuals develop the skills they need to pursue purposeful, and productive careers through affordable diploma, certificate and degree programs. With more than 40,000 graduates each year, Penn Foster's digital and blended learning programs are delivered in a self-paced model along with personalized academic and career coaching.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-11 Supplemental Health Care Services, Inc.

Park City, Utah, United States

Supplemental Health Care Services, Inc. is a provider of workforce solutions.

Buy -