US for-profit provider Apollo Education Group has bought a German college for $105 million (?71 million).
Apollo, which owns America¡¯s biggest for-profit provider The University of Phoenix, acquired Career Partner as it seeks to increase its international presence, reported.
The German for-profit education provider offers 24 undergraduate courses, as well as master's programmes, including an MBA, to around 5,000 students. It also provides professional development courses to around 27,000 people a year.
Apollo Global, which bought UK-based BPP University in 2009, now has colleges in nine countries, including India, Australia and South Africa.
Career Partner is Apollo¡¯s first venture in Germany, its chief executive officer Greg Cappelli explained.
"This was always a highly ranked country for us," he said. "Also, having BPP, which is our premier university, right down the road in Great Britain, it's a perfect fit."
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