Acquisition of Phoenix-based Arizona Technology Council member Apollo Education Group by a consortium of investors, including The Vistria Group and funds affiliated with Apollo Global Management, has been completed.
“This transaction marks a significant milestone in our company’s history, and will allow us to accelerate our efforts at University of Phoenix, Western International University, College for Financial Planning and Apollo Global to improve outcomes for all of our students in the U.S. and around the world,” said CEO Greg Cappell. Tony Miller, CEO and partner of The Vistria Group, has been named board chairman of the Apollo Education Group.
The closing of the transaction signaled the receipt of all required pre-closing regulatory approvals, including by the U.S. Department of Education and the Higher Learning Commission. In a related move, Apollo Education Group’s Class A shares were delisted from the NASDAQ Stock Market.