StockMarketWire.com - Oakley Capital Investments said one of its private equity funds has agreed to acquire Career Partner Group from Apollo Education Group.

Oakley Capital Private Equity III will invest €85m in the target and hold a 79% stake, the company said.

Career Partner Group operates principally under the brand of International University of Applied Sciences Bad Honnef.

It currently has over 13,500 students enrolled in four types of program: traditional on-campus universities, online university degree courses, dual studies (an alternative to traditional apprenticeships) and corporate training.

The business generated revenues of €61.5 million and reported EBITDA of €10.3 million for the year ended 31 August 2017.


At 8:34am: [LON:OCI] Oakley Capital Investments Ltd share price was 0p at 167p



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