Apollo Global, a subsidiary of Apollo Education Group, acquired an 81% consolidated interest in South African private tertiary education provider Milpark Education for around $25.6 million.
Milpark Education offers a range of courses tailored to the need of working adult learners.
Founded in 1997, Milpark Education was one of the first providers of higher management education in South Africa. Today the company is active in higher education, further education and other professional training verticals.
The acquisition of Milpark Education marks the entrance of Apollo Education Group in Africa.
“Expanding into South Africa allows us to broaden our network of global educational institutions. We look forward to exploring other opportunities to serve students on the continent of Africa, which hosts seven of the fastest growing economies in the world.”
states Greg Cappelli, CEO of Apollo Education Group.
Apollo Global plans to further expand into Africa in the coming years. Formed in 2007, Apollo Global invests in the international education services sector, and its network includes BPP University in the United Kingdom, Open Colleges Australia, Universidad Latinoamericana in Mexico, Universidad de Artes, Ciencias y Comunicación in Chile and Bridge School of Management in India.
- Apollo Global Enters Africa with Milpark Education Acquisition | Businesswire