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APOLLO GLOBAL EXPANDS UNIVERSITY NETWORK WITH ADDITION OF WESTERN INTERNATIONAL UNIVERSITY |
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Phoenix, Arizona, April 19, 2010 – Apollo Global, a majority-owned subsidiary of Apollo Group, Inc. (NASDAQ: APOL) today announced the addition of Western International University (“WIU”) to its education network as a result of an asset transfer from Apollo Group. The WIU transfer will allow it to better leverage the resources offered by a global education network and to establish a U.S. platform and degree offering internationally.
“Over the past year we have been making substantial investments in both the infrastructure and leadership of WIU and we believe that WIU will be able to better leverage the capabilities of Apollo Global’s international resources to serve both its U.S. and international students,” said Greg Cappelli, co-chief executive officer of Apollo Group and chairman of Apollo Global.
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Apollo Global Announces Executive Appointments |
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Apollo Global Announces Executive Appointments
PHOENIX -- November 17, 2009— Apollo Global, a majority-owned subsidiary of Apollo Group, Inc. (NASDAQ: APOL) today announced the following executive appointments effective immediately:
John Baule has joined Apollo Global as Chief Operating Officer and Chief Financial Officer, reporting to President, Jeff Langenbach. Baule will oversee the operations, strategy, and financial planning for the company’s subsidiaries – working closely with the leaders of those business units to achieve their long-range goals. Baule most recently served as the COO & CFO of publicly-traded K12 Inc. Baule brings extensive international experience to this new role having spent five years as CFO of global technology consulting firm Headstrong (previously James Martin & Co.) and nine years with Bristol-Myers Squibb, including six years as an expatriate in the Philippines and in Hong Kong. Baule began his career as an auditor with KPMG Peat Marwick.
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Apollo Global Completes Acquisition of UK-Based BPP Holdings PLC |
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Phoenix, Arizona, July 30, 2009 -- Apollo Group, Inc. (Nasdaq: APOL) (“Apollo Group” “Apollo” or “the Company”) today announced that its majority-owned subsidiary Apollo Global, Inc. has completed the previously announced acquisition of UK-based BPP Holdings plc (LSE:BPP) (“BPP”).
“We are excited to welcome BPP to Apollo Global and look forward to joining together to provide enhanced educational advancement and career development opportunities to professionals in the UK and throughout Europe. BPP provides us with an ideal platform from which we can expand our European presence,” said Greg Cappelli, co-chief executive officer of Apollo Group and chairman of Apollo Global. “We have long been impressed with BPP, the reputation of its academic programs, the caliber of the faculty and employees, and the leadership and direction of its management team. Together our organizations are a good fit strategically, operationally and culturally.”
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Apollo Global Purchases Majority Stake in Universidad Latinoamericana S.C. |
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PHOENIX--(BUSINESS WIRE)--Apollo Global, Inc., a consolidated subsidiary of Apollo Group, Inc. (Nasdaq: APOL - News) (“Apollo Group,” “Apollo” or the “Company”) announced it has purchased a majority stake in Universidad Latinoamericana S.C. (“ULA”), an accredited, private university based in Mexico City, from Carlyle Mexico Partners.
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Apollo Global Completes Acquisition of Universidad de Artes, Ciencias y Comunicacion 'UNIACC' |
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PHOENIX--(BUSINESS WIRE)--April 1, 2008--Apollo Group, Inc. (Nasdaq: APOL) ("Apollo Group," "Apollo" or "the Company") today announced that its consolidated subsidiary, Apollo Global, Inc., has completed its previously announced acquisition of Universidad de Artes, Ciencias y Comunicacion ("UNIACC"), an accredited, private arts and communications university in Chile, as well as its related entities. This includes the Instituto Superior de Artes y Ciencias de la Comunicación, S.A. ("IACC"), the first online autonomous professional institute in Chile which was founded in 1981. This is Apollo Global's first transaction.
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Apollo Global Acquires Universidad de Artes, Ciencias y Comunicacion ''UNIACC'' |
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Apollo Group Enters Chilean Post-Secondary Education Market
PHOENIX--(BUSINESS WIRE)--Feb. 20, 2008--Apollo Group, Inc. (Nasdaq: APOL) ("Apollo Group" or "the Company") today announced that its consolidated subsidiary, Apollo Global, Inc., has agreed to acquire Universidad de Artes, Ciencias y Comunicacion ("UNIACC"), an accredited, private arts and communications university in Chile, as well as its related entities. This includes the Instituto Superior de Artes y Ciencias de la Comunicacion, S.A. ("IACC"), the first online autonomous professional institute in the country which was founded in 1981. UNIACC, founded in 1989 and based in Santiago, Chile, has over 3,000 students and three campuses. Apollo Global, Inc. has agreed to purchase 100% of UNIACC for $40 million composed of cash and assumed debt, plus an earn-out based on a multiple of earnings to be paid in four years. If the earn-out were paid based on current earnings it would be approximately $9 million. The acquisition, which represents the first transaction for Apollo Global, is expected to close within 30 days, subject to customary closing conditions. |
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Apollo Group and the Carlyle Group Form $1 Billion Joint Venture to Make Investments in the International Education Services Sector |
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PHOENIX & WASHINGTON--(BUSINESS WIRE)--Oct. 22, 2007--Apollo Group, Inc. (Nasdaq:APOL) ("Apollo Group" or the "Company"), and private equity firm The Carlyle Group ("Carlyle"), today announced that they have formed a $1 billion joint venture, Apollo Global, Inc. ("Apollo Global"). 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 U.S. with attractive demographic and economic growth characteristics. Apollo Group has committed up to $801 million and will own 80.1% of the joint venture. Carlyle has committed up to $199 million and will own 19.9% of Apollo Global. Investments and funding will be subject to approval by the respective investment committees of both Apollo Group and Carlyle. Apollo Global will be a consolidated subsidiary of Apollo Group and Greg Cappelli, Apollo Group's Executive Vice President and Director will be Chairman of the subsidiary.
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