Acquisition of Career Partner Group by Oakley Capital Investments Limited

Frankfurt, 20 December 2017. Oakley Capital Investments Limited with its Fund Oakley Capital Private Equity III (“Fund III”) (together referred to “Oakley Capital”) has agreed to acquire Apollo Global Germany GmbH (“Career Partner Group”), from its current shareholder Apollo Education Group Inc. Oakley Capital will be partnering with CEO Dr. Sven Schütt and his management team, who will be investing in the new structure.

Career Partner Group is a leading provider of private higher education and personnel development in Germany. Operating principally under the brand of International University of Applied Sciences Bad Honnef (IUBH), the business 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. Fund III will seek to support the continued development of the business particularly in the online university and dual studies segments, both of which are high-growth sectors in Germany. The business generated revenues of €61.5 million and reported EBITDA of €10.3 million for the year ended 31 August 2017. Completion of the transaction is subject to approval by the Federal Cartel Office.

Sven Schütt, CEO, Career Partner Group commented:
“On behalf of the management team and employees of Career Partner Group, we look forward to having Oakley as our new partner. The business has flourished under the ownership of Apollo and we are very grateful for their support. There are also many exciting opportunities ahead of us as the market for online education further develops in Germany.”

Peter Dubens, Managing Partner, Oakley Capital commented:
“We are delighted to be building on our expertise in the sector with another investment in education. Career Partner Group is a dynamic and high-growth business that has been a leader in the delivery of online higher education in Germany and is set to continue on that path with Oakley as a partner.”

ACXIT Capital Partners acted as Exclusive Financial Advisor to Oakley Capital.

ABOUT OAKLEY CAPITAL INVESTMENTS LIMITED
Oakley Capital Investments Limited is a Bermudian company listed on AIM. OCI seeks to provide investors with long term capital appreciation through its investment in Oakley Capital Private Equity L.P., Oakley Capital Private Equity II, Oakley Capital Private Equity III and through co-investment opportunities. (www.oakleycapitalinvestments.com).

ABOUT OAKLEY CAPITAL PRIVATE EQUITY III (“FUND III”)
Oakley Capital Private Equity III, is an unlisted mid-market private equity funds with the aim of providing investors with significant long term capital appreciation. The investment strategy of the fund is to focus on buy-out opportunities in industries with the potential for growth, consolidation and performance improvement.

ABOUT CAREER PARTNER GROUP
Career Partner GmbH is Germany’s leading provider of private education and personnel development. Career Partner Group 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. (www.careerpartner.com).

ABOUT ACXIT
ACXIT Capital Partners is a leading international corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, ACXIT offers its clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, equity/debt and strategic advisory. As an independent, privately owned firm we maintain offices in Frankfurt, Berlin, Munich, Leipzig, Zurich and Hong Kong as well as strong alliances in France, China, India and the USA. (www.acxit.com)

 

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TRANSACTION LEAD

Tobias Warkus, Executive Director