Oakley buys Career Partner Group

The remaining shares will be acquired by Sven Schütt and his management team, who have made an undisclosed investment in the new structure.

Oakley drew capital from its €800m buyout fund, which held a final close in October 2017, to support the transaction. This equates to an indirect holding of £30m for the GP, which holds a 40.72% stake in the vehicle through its publicly listed investment vehicle.

The transaction is supported by a unitranche facility provided by alternative debt provider BlueBay.

Career Partner Group generated €10.3m in EBITDA from revenues of €61.5m for the financial year ending in August 2017.

The transaction is a carve-out from Apollo Education Group, a US-based private education provider with global operations that generated a €52m EBITDA from a €484m turnover in Q1 2017.

This is the second acquisition in the German private education sector in 2017 for Oakley, after it bought Schülerhilfe from DBAG for a €42m equity investment in May.

Company
Career Partner Group is a private higher education provider that operates under the brand of the International University of Applied Sciences Bad Honnef. It is the German division of the US-based Apollo Education Group. The business has more than 13,500 students currently enrolled in on-campus and online studies as well as apprenticeships and corporate training programmes.

People
Oakley Capital – Peter Dubens (managing partner).
Career Partner Group – Sven Schütt (CEO).

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• Topics
• Buyouts
• DACH
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• Germany
• Oakley Capital