M&A Deal Summary

The Carlyle Group and University of Phoenix Acquire Apollo Global

On October 22, 2007, private equity firm The Carlyle Group and University of Phoenix acquired education company Apollo Global for 1.0B USD

Acquisition Highlights
  • This is The Carlyle Group’s 7th and University of Phoenix’s 2nd transaction in the Education sector.
  • This is The Carlyle Group’s 58th and University of Phoenix’s largest (disclosed) transaction.
  • This is The Carlyle Group’s 177th and University of Phoenix’s 2nd transaction in the United States.
  • This is The Carlyle Group’s 8th and University of Phoenix’s 1st transaction in Illinois.

M&A Deal Summary
Date 2007-10-22
Target Apollo Global
Sector Education
Buyer(s) The Carlyle Group
University of Phoenix
Deal Type Joint Venture
Deal Value 1.0B USD

Target

Apollo Global

Chicago, Illinois, United States
Apollo Global intends to make a range of investments in the international education services sector. Apollo Global will target investments and partnerships primarily in countries outside the US with attractive demographic and economic growth characteristics.

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Buyer(S) 2

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 300 of 744
Sector (Education) 7 of 14
Type (Joint Venture) 2 of 6
State (Illinois) 8 of 22
Country (United States) 177 of 349
Year (2007) 40 of 52
Size (of disclosed) 58 of 137
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-08 Arabela

Toluca, Mexico

Arabela is an operator of a door-to-door retailer of assorted beauty and personal-care products that sells fragrances, beauty, personal care products, home goods, and novelty items in Mexico. Arabela was founded in 1991 and is based in Toluca, Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-01 Smart Powerr

Xi'an, China

Smart Powerr is a professional recycling energy service provider and we provide a full package of service to our customers, which include: design of waste to energy recycling systems for industrial applications; finance for the waste to energy recycling equipment and devices; civil construction; custom manufacture of waste to energy recycling equipment and devices to the order and specification of others; energy recycling services through operation of energy systems for industrial operations. Smart Powerr was founded in 1980 and is based in Xi'an, China.

Buy -
Buyer

University of Phoenix

Phoenix, Arizona, United States
Category Company
Founded 1976
Sector Education
Revenue 2.6B USD (2015)
DESCRIPTION
University of Phoenix

University of Phoenix is an educational institution that offers undergraduate, graduate, and doctoral programs.The University of Phoenix commitment to provide working adults with higher education at times convenient to them. University of Phoenix was founded in 1976 and is based in Phoenix, Arizona.

DEAL STATS #
Overall 2 of 6
Sector (Education) 2 of 5
Type (Joint Venture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 2 of 4
Year (2007) 1 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Western International University

Tempe, Arizona, United States

Western International University, Inc. is a private non-profit educational institution accredited by The North Central Association Of Colleges and Schools.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-30 Aptimus

San Francisco, California, United States

Aptimus, Inc. is a provider of digital media solutions. Its advanced Internet advertising and optimization platform provides results-driven campaign solutions to advertisers across all digital media channels.

Buy $48M
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