On the Record · Apollo Education
Apollo Education acquisitions, on the record
The businesses Apollo Education bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Milpark EducationWord for word“On May 20, 2014, Apollo Global acquired an 81% consolidated interest in Milpark Education, a provider of education and training to adult learners in South Africa, for approximately ZAR 265 million (approximated $26 million on the transaction date).” 10-K for 2014 | acquisition | On May 20, 2014 | approximately ZAR 265 million (approximated $26 million on the transaction date) |
Open CollegesWord for word“On December 20, 2013, Apollo Global acquired 70% of the outstanding shares of Open Colleges, a provider of education and training to adult learners in Australia.” 10-K for 2014 | acquisition | On December 20, 2013 | — |
Institute for Professional Development (IPD)Word for word“During the fourth quarter of fiscal year 2014, we sold the assets of our subsidiary Institute for Professional Development (“IPD”) for $4 million.” 10-K for 2014 | divestiture | During the fourth quarter of fiscal year 2014 | $4 million |
Mander Portman Woodward (MPW)Word for word“During fiscal year 2012, BPP completed the sale of its subsidiary Mander Portman Woodward (“MPW”), a U.K.-based secondary education institution for £54.8 million (equivalent to $85.3 million as of the date of sale).” 10-K for 2014 | divestiture | During fiscal year 2012 | £54.8 million (equivalent to $85.3 million as of the date of sale) |
Carnegie LearningWord for word“Cash used in investing activities primarily consisted of $115.2 million used for capital expenditures and $73.7 million used to acquire Carnegie Learning.” 10-K for 2014 | acquisition | — | $73.7 million |
Career Partner GmbHWord for word“On October 20, 2015, we entered into an agreement to acquire all of the outstanding shares of Career Partner GmbH, a provider of education and training programs in Germany, for an initial cash payment of €96 million (equivalent to approximately $109 million as of October 20, 2015), plus a contingent obligation calculated principally based on Career Partner’s operating results for calendar year 2016.” 10-K for 2015 | agreed acquisition | October 20, 2015 | an initial cash payment of €96 million (equivalent to approximately $109 million as of October 20, 2015), plus a contingent obligation |
The Iron Yard (TIY Academy, LLC)Word for word“On June 11, 2015, we acquired a 62% interest in TIY Academy, LLC (“The Iron Yard”), a provider of nondegree information technology bootcamp programs in the United States, for $15.9 million .” 10-K for 2015 | acquisition | On June 11, 2015 | for $15.9 million |
FAEL (Sociedade Técnica Educacional da Lapa S.A.)Word for word“On December 4, 2014, we acquired a 75% interest in Sociedade Técnica Educacional da Lapa S.A., which provides postsecondary educational programs in Brazil under the name Faculdade da Educacional da Lapa (“FAEL”).” 10-K for 2015 | acquisition | On December 4, 2014 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-08-31 | $97.3 million | $92.4 million |
Deal filings since 2016
- 2017-02-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-05-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-02-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Apollo Education’s annual reports (10-K for 2016, 10-K for 2015, 10-K for 2014) and the financial data it files with the SEC, as of 2016-10-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.