Kirkland & Ellis is advising Oakley Capital Private Equity III on the acquisition of Career Partner Group from its shareholder Apollo Education Group Inc. The current management team of Career Partner is investing along-side Oakley into the transaction. The transaction is funded by a unitranche debt facility from BlueBay and equity investment from Oakley. Completion is subject to approval by the Federal Cartel Office, and is anticipated to be no later than December 31, 2017.
Oakley Capital is a mid-market private equity investor with currently over €1.5 billion under management, investing primarily in Western Europe. Career Partner Group is a leading provider of private higher education and personnel development in Germany. Operating principally under the brand of International University of Applied Sciences Bad Honnef (IUBH), the business currently has over 13,500 students, generated revenues of €61.5 million and reported an EBITDA of €10.3 million for the year ended 31 August 2017.
Kirkland & Ellis in Munich advises Oakley Capital Private Equity with the following team:
Munich: Dr Benjamin Leyendecker (Private Equity/Corporate, Lead), Attila Oldag (Private Equity), Wolfgang Nardi (Finance), Dr Oded Schein (Tax); Associates: Dr Sebastian Häfele (Private Equity/Corporate), Greta-Josefin Harnisch (Private Equity), Dr Katharina Hohmann (Finance); Daniel Hiemer (Tax)