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
18, 2014
______________
DEVRY
EDUCATION GROUP INC.
(Exact
name of registrant as specified in its charter)
______________
Delaware
|
1-13988
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36-3150143
|
(State of incorporation)
|
(Commission File Number)
|
(IRS Employer Identification No.)
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3005 Highland Parkway
Downers Grove, IL
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60515
|
(Address
of principal executive offices)
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(Zip
Code)
|
(630) 571-7700
(Registrant’s
telephone number, including area code)
N/A
(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 (see General Instruction A.2. below):
⃞
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
⃞
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
⃞
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
⃞
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 7.01.
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Regulation FD Disclosure.
|
On December 18, 2014 DeVry Education Group Inc. announced that its
subsidiary, DeVry Educacional do Brasil S/A (“DeVry Brasil”), has
entered into a definitive agreement to acquire Faculdade Ideal (Faci), a
provider of undergraduate programs to approximately 2,500 students in
Brazil. Completion of the transaction is subject to regulatory
approval and is expected to occur in January 2015. A copy of the press
release is filed herewith as Exhibit 99.1.
Item 9.01.
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Financial Statements and Exhibits.
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99.1
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Press Release, dated December 18, 2014, announcing the agreement to
acquire Faculdade Ideal.
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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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DEVRY EDUCATION GROUP INC.
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|
|
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(Registrant)
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|
|
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Date:
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December 18, 2014
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By:
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/s/ Patrick J. Unzicker
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Patrick J. Unzicker
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Vice President, Finance and Chief Accounting Officer
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Exhibit 99.1
DeVry
Brasil to Acquire Faculdade Ideal
Continues
Expansion in Brazil’s Northern Region
DOWNERS GROVE, Ill.--(BUSINESS WIRE)--December 18, 2014--DeVry Education
Group (NYSE:DV), a global provider of educational services, today
announced that DeVry Brasil has entered into an agreement to acquire
Faculdade Ideal (Faci). Located in Belém, Pará in northern Brazil, Faci
currently serves approximately 2,500 students and offers undergraduate
programs in high-demand career fields such as law, education,
accounting, technology and engineering. The transaction is expected to
be completed in the third quarter of fiscal 2015.
DeVry Brasil currently operates nine educational institutions in the
country’s northeastern and northern region: Fanor in Fortaleza, Ceará;
ÁREA1 and Ruy Barbosa, both located in the city of Salvador, Bahia;
Faculdade Boa Viagem (FBV) in Recife, Pernambuco; Unifavip in the city
of Caruaru, Pernambuco; DeVry João Pessoa in João Pessoa, Paraíba; Facid
located in Teresina, Piauí; and DeVry São Luis, in the city of São Luis,
Maranhão. In September, DeVry Brasil acquired Faculdade Martha Falcão
(FMF), in the city of Manaus, Amazonas. Including FMF, these
institutions provide education to more than 36,000 students across 15
campuses, offering undergraduate and graduate programs in business,
healthcare, law and engineering. Further, this announcement comes just
days after DeVry Group announced it signed a definitive agreement to
acquire Damásio Educacional, one of the largest providers of test
preparation for the bar exam in Brazil, and offers undergraduate and
graduate programs in law and business.
“We look forward to welcoming Faculdade Ideal to the DeVry Group
family,” said Daniel Hamburger, DeVry Education Group’s president and
CEO. “Faci has a solid academic reputation and is a strategic fit with
DeVry Brasil’s positioning and strengths.”
DeVry Group’s goals for Faci include expanding the institution’s
programs and making further investments in academic quality and student
services. Students and faculty of Faci will benefit from the exchange of
academic best practices with other DeVry Brasil institutions and
significant investments in infrastructure and technology. As with
students from other DeVry Brasil institutions, Faci students will have
the opportunity to develop academic projects with students from the
United States and other countries where DeVry Group has a presence.
Colleagues of Faci will also have opportunities for professional growth
within the institution and other DeVry Brasil institutions.
Faci is recognized by the Brazilian government as having among the best
General Index of Courses (IGC) in Pará. IGC is an instrument used by
Brazil’s Ministry of Education to evaluate higher education
institutions. IGC rankings are based on a weighted average of metrics
used to rate undergraduate and graduate programs at each institution.
About DeVry Brasil
DeVry Brasil currently operates nine educational institutions: Fanor in
Fortaleza (CE); ÁREA1 and Ruy Barbosa, both located in the city of
Salvador (BA); Faculdade Boa Viagem (FBV) in Recife (PE), Unifavip in
the city of Caruaru (PE); DeVry João Pessoa in the city of João Pessoa
(PB); DeVry São Luís in São Luís (MA); Facid located in Teresina (PI);
and Faculdade Martha Falcão in Manaus (AM). Together, these institutions
provide services to more than 36,000 students, including the recently
acquired Martha Falcão, across 15 campuses and offer more than 170
undergraduate and graduate programs in the areas of business, healthcare
(including medicine), law, engineering and technology. All DeVry Brasil
institutions operate with high standards of academic quality and a focus
on student satisfaction.
About DeVry Education Group
The purpose of DeVry Education Group is to empower its students to
achieve their educational and career goals. DeVry Education Group Inc.
(NYSE: DV; member S&P MidCap 400 Index) is a global provider of
educational services and the parent organization of American University
of the Caribbean School of Medicine, Becker Professional Education,
Carrington College, Chamberlain College of Nursing, DeVry Brasil, DeVry
University and its Keller Graduate School of Management, Ross University
School of Medicine and Ross University School of Veterinary Medicine.
These institutions offer a wide array of programs in healthcare,
business, technology, accounting and finance. For more information,
please visit http://www.devryeducationgroup.com.
Certain statements contained in this release concerning DeVry Group's
future performance, including those statements concerning DeVry Group's
expectations or plans, may constitute forward-looking statements subject
to the Safe Harbor Provision of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements generally can be
identified by phrases such as DeVry Group or its management "believes,"
"expects," "anticipates," "foresees," "forecasts," "estimates" or other
words or phrases of similar import. Actual results may differ materially
from those projected or implied by these forward-looking statements.
Potential risks, uncertainties and other factors that could cause
results to differ are described more fully in Item 1A, "Risk Factors,"
in DeVry Group's most recent Annual Report on Form 10-K for the year
ending June 30, 2014 and filed with the Securities and Exchange
Commission on August 27, 2014.
CONTACT:
Investor & Media Contact:
DeVry Education Group
Joan
Walter, 630-353-3800
jwalter@devrygroup.com
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