M&A Deal Summary

Vistria Group and Apollo Global Management Acquire University of Phoenix

On February 8, 2016, private equity firm Vistria Group and asset manager Apollo Global Management acquired education company University of Phoenix for 1.1B

Acquisition Highlights
  • This is Vistria Group’s 2nd and Apollo Global Management’s 3rd transaction in the Education sector.
  • This is Vistria Group’s and Apollo Global Management’s 49th largest (disclosed) transaction.
  • This is Vistria Group’s 4th and Apollo Global Management’s 38th transaction in the United States.
  • This is Vistria Group’s 1st and Apollo Global Management’s 1st transaction in Arizona.

M&A Deal Summary

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

Target

University of Phoenix

Phoenix, Arizona, United States
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.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

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 4 of 29
Sector (Education) 2 of 5
Type (Going Private) 1 of 1
State (Arizona) 1 of 3
Country (United States) 4 of 29
Year (2016) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Flores & Associates

Charlotte, North Carolina, United States

Flores & Associates is a provider of Human Resources consulting services such as compensation, benefits, and selection to a broad cross-section of small to mid-sized companies throughout the Southeast. Flores & Associates was founded in 1986 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-11 Supplemental Health Care

Cottonwood Heights, Utah, United States

Supplemental Health Care is a provider of healthcare staffing and workforce solutions provider, connecting healthcare organizations with skilled medical clinicians. Supplemental Health Care was founded in 1984 and is based in Cottonwood Heights, Utah.

Buy -
Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
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 56 of 140
Sector (Education) 3 of 3
Type (Going Private) 12 of 31
State (Arizona) 1 of 2
Country (United States) 38 of 101
Year (2016) 1 of 12
Size (of disclosed) 49 of 50
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Leighton Contractors

Chatswood, Australia

Leighton Contractors is a construction company and undertakes infrastructure projects. Leighton Contractors was founded in 1949 and is based in Chatswood, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 Protection One

Romeoville, Illinois, United States

Protection One is a security provider, protecting residential, business, national account and integrated system customers at millions of locations. Protection One provides installation, maintenance and electronic monitoring of alarm systems to single-family residential, commercial, multifamily and wholesale customers. Protection One was founded in 1988 and is based in Romeoville, Illinois.

Sell -