UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): December 11, 2015
Apollo Education Group, Inc.
(Exact name of registrant as specified in its charter)
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Arizona |
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0-25232 |
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86-0419443 |
(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(I.R.S. Employer
Identification No.) |
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4025 S. Riverpoint Parkway, Phoenix,
Arizona |
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85040 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code: (480) 966-5394
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Section 7 Regulation FD
Item 7.01 Regulation FD Disclosure.
On December 11, 2015, Apollo Education Group, Inc. issued a press release announcing the acquisition by its wholly-owned subsidiary Apollo
Global, Inc. of all of the outstanding shares of Career Partner GmbH (CPG), a leading full service provider of human resource development and private higher education in Germany. A copy of the press release is furnished as Exhibit 99.1
to this Form 8-K.
The information in Item 7.01 of this Form 8-K and Exhibit 99.1 furnished herewith shall not be deemed
filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities under that section, nor shall they be deemed incorporated by reference in
any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in any such filing.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits.
The following exhibits are provided herewith:
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Exhibit Number |
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Description |
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99.1 |
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Text of press release issued by Apollo Education Group, Inc. dated December 11, 2015. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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Apollo Education Group, Inc. |
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December 11, 2015 |
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By: |
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/s/ Gregory J. Iverson |
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Name: Gregory J. Iverson |
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Title: Senior Vice President, Chief Financial Officer, Chief Accounting Officer and Treasurer |
Exhibit Index
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Exhibit No. |
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Description |
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99.1 |
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Text of press release issued by Apollo Education Group, Inc. dated December 11, 2015. |
Exhibit 99.1
Apollo Global Acquires Career Partner GmbH
Leading German Education Provider Further Expands Apollo Education Group Network
PHOENIX, December 11, 2015 - Apollo Education Group, Inc. (NASDAQ: APOL) announced its wholly-owned subsidiary Apollo Global, Inc. acquired Career
Partner GmbH (CPG), a leading full service provider of human resource development and private higher education in Germany, on December 10, 2015. Apollo Global, through a wholly-owned subsidiary, has acquired all of the outstanding shares in the
company for approximately 96 million (approximately $105 million as of the transaction date), plus a contingent cash payment of up to 11 million (approximately $12 million as of the transaction date) calculated principally
based on Career Partners operating results for calendar year 2016.
We are pleased to welcome CPG as part of Apollos global learning
network, said Greg Cappelli, Apollo Education Group Chief Executive Officer. This expansion into Germany with such a trusted partner further advances our mission to serve adult learners and match student and employer needs
worldwide.
CPG is a premium and highly respected higher education platform in Germany, including some of the most respected brands in
management, hospitality and tourism, said Curtis Uehlein, Apollo Global President. The addition of CPG to Apollo Global provides significant opportunities to share best practices as well as build upon a highly respected brand in German
education.
We are pleased to join a strong network of world-class institutions of higher education, said Sven Schuett, CPG Chief
Executive Officer. This partnership will generate tremendous value as we enrich our offerings and leverage a global network.
The acquisition
is expected to be value accretive to Apollo Education Group and its shareholders.
About Apollo Education Group, Inc.
Apollo Education Group, Inc. is one of the worlds largest private education providers, serving students since 1973. Through its subsidiaries, Apollo
Education Group offers undergraduate, graduate, professional development and other nondegree educational programs and services, online and on-campus principally to working learners. Its educational programs and services are offered throughout the
United States and in Europe, Australia, Latin America, Africa and Asia, as well as online throughout the world. For more information about Apollo Education Group, Inc. and its subsidiaries, call (800) 990-APOL or visit the Companys
website at www.apollo.edu.
About Apollo Global, Inc.
Apollo Global was formed in 2007 to make investments primarily in the international education services sector. Apollo Global provides business and technology
management, consulting and training and operational services in the fields of higher education and education administration to its network of schools. Apollo Global is a wholly-owned subsidiary of Apollo Education Group. Its education network
includes BPP University in the United Kingdom, Milpark Education in South Africa, Open Colleges Australia, Universidad Latinoamericana in Mexico, Universidad de Artes, Ciencias y Comunicación in Chile and Bridge School of Management in India,
developed through a joint venture with HT Media Limited, an Indian media company.
About CPG
Career Partner Group (CPG) is Germanys leading provider of private education and personnel development. CPG offers academic state-approved
study programs, certified trainings, and innovative continuous education programs for experts and managers of all industries. CPG is one of the largest e-learning providers in Germany offering a multitude of courses, distance learning modules,
company-specific solutions, and services in the field of digital learning. For further information on CPG, please visit www.careerpartner.eu/en.
Forward-Looking Statements Safe Harbor
Statements
about Apollo Education Group and its business in this release which are not statements of historical fact, including statements regarding Apollo Education Groups future strategy and plans and commentary regarding future results of operations
and prospects, are forward-looking statements and are subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current information and expectations and
involve a number of risks and uncertainties. Actual plans implemented and actual results achieved may differ materially from those set forth in or implied by such statements due to various factors, including without limitation, unexpected expenses
or other challenges in integrating the CPG business into Apollo Global, consumer or regulatory impact arising from consummation of the CPG acquisition, and unexpected changes or developments in the CPG business. For a discussion of the various
factors that may cause actual plans implemented and actual results achieved to differ materially from those set forth in the forward-looking statements, please refer to the risk factors and other disclosures contained in Apollo Education
Groups Form 10-K for fiscal year 2015and subsequent quarterly reports on Form 10-Q, and other filings with the Securities and Exchange Commission which are available at www.apollo.edu.
Investor Relations Contact:
Beth Coronelli,
(312) 660-2059
beth.coronelli@apollo.edu
Media Contact:
Ryan Rauzon (916) 599-2911
ryan.rauzon@apollo.edu
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