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Apollo Global to acquire BPP Holdings

Posted on: Thu, 30 Apr 2009 14:29:00 EDT

Symbols: APOL

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Apr 30, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
APOL | Quote | Chart | News | PowerRating -- Apollo Global, Inc., an 80.1%-owned investments subsidiary of US-based higher educational programs and services provider Apollo Group, Inc., intends to acquire BPP Holdings plc, a UK-based provider of professional education and training.

Apollo Global has approached the Board of BPP to discuss the potential acquisition of all of the outstanding shares of BPP at GBP6.20 per share in cash. The transaction is valued at approximately GBP316.87 million.

Credit Suisse Group is advising Apollo Global on the transaction.

Deal Value (US$ Million) 462.83
Deal Type                Acquisition
Sub-Category             100% Acquisition
Deal Status              Announced: 2009-04-29

Deal Participants

Target (Company)   BPP Holdings plc
Acquirer (Company) Apollo Global, Inc.

For full details on Apollo Group Inc Cl A (APOL) APOL. Apollo Group Inc Cl A (APOL) has Short Term PowerRatings at TradingMarkets. Details on Apollo Group Inc Cl A (APOL) Short Term PowerRatings is available at This Link.

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