Announced
Financials
Sources
Tags
Cross Border
Germany
Majority
education services
Single Bidder
Education Services
Friendly
Acquisition
Pending
Private Equity
Private
Synopsis
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.
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