|
Almeida Capital is pleased to be a premier sponsor of AltAssets
|
FREE newsletter RSS
INTELLIGENCE
RECRUITMENT
KNOWLEDGE BANK
EVENTS
SECTOR ANALYSIS
HEDGE FUNDS
|
Click here for printer friendly page
Carlyle, Apollo to form $1bn joint venture to invest in education services sector24/10/2007. Source: AltAssets. 
 Apollo Group and The Carlyle Group have formed a $1bn joint venture, Apollo Global, to make investments in the international education services sector. Apollo Group has committed up to $801m and will own 80.1 per cent of the joint venture. Carlyle has committed up to $199m and will own 19.9 per cent 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.
Apollo Global will target investments and partnerships primarily in countries outside the US.
Cappelli said, 'We are very excited about this new joint venture and our partner, The Carlyle Group. Our core competences in the education space, combined with Carlyle's industry relationships and strategic assets across the global education sector, will allow us to successfully capitalise on the tremendous global opportunity that exists in the marketplace.'
Copyright © 2007 AltAssets
|
 
|
|
|
