Galileo Global Education to acquire AKAD University from AURELIUS for $50m.

Galileo Global Education, an international provider of higher education, agreed to acquire AKAD University, a distance learning university, from AURELIUS, an asset management group, for $50m. "AKAD is in a very good position today following realignment and consistent digital transformation by our operational experts. As a result of the sale, AKAD is now part of an international group with the corresponding growth opportunities - a great success for all sides. We are working on further transactions and I expect a number of further exits this year," Matthias Täubl, AURELIUS CEO.