March 23, 2019

Member Discount to The Capital Roundtable’s conference on Private Equity Investing in For-Profit Education Companies

ForProfitEDU would like to extend an exclusive invitation for you to attend The Capital Roundtable’s conference on Private Equity Investing in For-Profit Education Companies, being held on Tuesday, January 15th in New York City.

As a partner & sponsor, we have the privilege to put your name on our VIP list, allowing you to register for a special rate of $995 — $400 off the standard registration price.

This day-long conference is being chaired by Harold Levy, former Chancellor of the New York City School System and now managing director at Palm Ventures in Greenwich, Conn., and features 20 expert speakers.  Click here to view the conference webpage.

This special rate is not available online – to register please call Mara Kane at 212-832-7300 ext. 0, or email her at mkane@capitalroundtable.com.  Be sure to use our Group Name: ForProfit EDU or my name to qualify for the discount.

Please register as soon as possible to reserve your seat!

I hope to see you on January 15th for what promises to be a great day!

BrightStar Education Group Acquires Valley Medical College; Oregon Acquisition Expands BrightStar’s School Network to Five Locations in Two States

FOR IMMEDIATE RELEASE
December 10, 2009

CONTACT
Jim Haga, CEO of BrightStar Education Group (303) 507-0662
jhaga@brighstareducation.com

Salem, Oregon, December 10, 2009 – BrightStar Education Group today announced its acquisition of Valley Medical College, a premier career-oriented postsecondary school providing training in the fields of allied health and practical nursing. The acquisition expands the BrightStar Education network to five locations in two states. BrightStar Education already serves more than 2,800 students attending schools in Central and Northern California.

Operating in Salem, Oregon, Valley Medical College is the only career postsecondary school in the state’s capital city, with more than 100 students currently enrolled. The acquisition marks BrightStar Education’s first foray into the state of Oregon.

“Valley Medical College has an exceptional reputation for providing quality career education,” said Jim Haga, CEO of BrightStar Education Group. “We are committed to further enhancing career training opportunities for students in the Willamette Valley by bringing additional financial, technological and educational resources to Valley Medical.”

Valley Medical has been licensed as a Private Career School by the Oregon State Board of Education since 1995. Valley Medical is accredited by the Accrediting Council for Education and Training (ACCET) to award certificate programs. The acquisition is subject to regulatory approvals.

About BrightStar Education Group
With this acquisition, BrightStar Education Group includes five campus-based schools in two states. BrightStar Schools offer career-oriented certificate and associate degree programs designed to provide students with the skills necessary to qualify them for entry level employment in the fields of healthcare, business, technology, and culinary. BrightStar’s four California schools operate under the Institute of Technology name and are located in Clovis (Fresno area), Modesto, Roseville (Sacramento area), and Redding, California. BrightStar’s strategy includes organic growth through additional curricula and new campuses, the cross-utilization of curricula among separate schools, and the implementation of initiatives to standardize, replicate, and leverage successful internal processes. BrightStar’s strategy also includes strategic investments and acquisitions.

Visit BrightStar Education online at www.brightstareducation.com

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Milken-PennGSE Education Business Plan Competition

UPenns has asked ForProfitEDU.com  to post the following:

In a knowledge economy, nothing is more important than people being able to maximize their potential.  And yet, collectively we have not figured out how to reach every person – regardless of where they are intellectually, emotionally, financially, and geographically – to help them realize their potential.  Effective learning is important for individual learners, their families, their employers, their communities and their countries.  There is an urgent need to find ways to reach and educate every person.

Education – from toddlers through baby boomers – is also big business in the United States. Depending on how one counts it, education mirrors healthcare in terms of spending or falls just below it. The United States is the largest exporter of education in the world, and education is our country’s fifth largest export.  By some accounts we have the most robust system of higher education in this country, a rich diversity of K-12 education, innovative pre-K and educational entertainment industries, and over 50% of adult Americans learning on the job on any given day.

Despite the size and import of learning, we have immense challenges; many hold out the hope of entrepreneurship to help solve some of these challenges. That said, until now there hasn’t been a single education business plan competition in the world and while entrepreneurship in bio tech, software, engineering and medicine is quite robust with clusters of start ups surrounding some of the world’s great universities, nothing similar exists in education.

To address this issue, the Milken Family Foundation and Penn have come together to be a joint catalyst for innovation in education, to help “create a space” for education entrepreneurs.  To begin this process, we have put together a business plan competition and we hope –if you have an idea to change the world, that you will enter the competition.

Why Penn? Since its founding by Ben Franklin, Penn has prided itself on its ability to combine theory and practice. We have the country’s first school of medicine and school of business.  At PennGSE, this spirit has manifested itself in a rich array of entrepreneurial activities all designed to foster change in education. Our faculty, staff, and students are all committed to the teleology of change and this competition is just one manifestation of a broad and aggressive agenda – framed by real world needs and sound theory and research.

Why Milken? The Milken family – who are Penn graduates – embody the Franklin spirit and through Knowledge Universe have demonstrated successful educational entrepreneurship – from pre-K services through college education for working adults. And in their philanthropic activities, the Milken family have made education – particularly innovation in education – a cornerstone of their work.

We hope that you will enter the competition, and look forward to hearing your ideas.

Visit: http://www.gse.upenn.edu/entrepreneurcomp/

Good luck!

Best,

Gregory Milken

Doug Lynch

Have you noticed some big EDU brands taking over search volume?

Have you noticed the change in search engine result over the last 2-4 months?  When using google the results when searching with some of the major industry search terms now display brands.  It seems brands have taken top position over many of the vendors.  Check out online degree & online degrees, you will see UoP in the one to three spot where a year ago these positions were dominated by the lead providers.  There are many speculators & conspiracy theorist out there giving their thoughts as to why.  Some say google is rewarding those big firms who spend lots on PPC search, others claim it’s because the brands are the good results/best match.  Whatever the reason, it’s clear that Uop and some others are receiving tons of new found and free traffic which will result in low cost enrollments.

EDU stocks trading at low prices & multiples

Take a look at the EDU stocks, now looks to be a good time to buy in at good prices and at multiples as low as they have been in a while.  With all the bullish discussion of late the EDU sector has taken a hit.  With people/investors being short sighted and thinking, hey if this is the beginning of a recover, we need to get out of those counter cyclical edu stocks now as they will surely go down…  Our thoughts are with what Samuel Clemens once wrote: Let us be thankful for the fools, but for them the rest of us would not succeed!  Sure the sheer volume of the selling and shorting may bring these stocks a little lower, but watch them continue to grow, continue to be profitable, and continue to be strong companies…. and ultimately their stock prices will continue to go higher.

What ever happened to Apollo’s Billion Dollar International Investment Fund?

Remember the press release from 2007 about Apollo’s billion dollar invetment with Carlyle?  What ever happened with that?Apollo Group and the Carlyle Group Form $1 Billion Joint Venture to Make Investments in the International Education Services Sector
PHOENIX & WASHINGTON–(BUSINESS WIRE)–Oct. 22, 2007–Apollo Group, Inc. (Nasdaq:APOL) (“Apollo Group” or the “Company”), and private equity firm The Carlyle Group (“Carlyle”), today announced that they have formed a $1 billion joint venture, Apollo Global, Inc. (“Apollo Global”). Apollo Global intends to make a range of investments in the international education services sector. Apollo Global will target investments and partnerships primarily in countries outside the U.S. with attractive demographic and economic growth characteristics. Apollo Group has committed up to $801 million and will own 80.1% of the joint venture. Carlyle has committed up to $199 million and will own 19.9% of Apollo Global. Investments and funding will be subject to approval by the respective investment committees of both Apollo Group and Carlyle. Apollo Global will be a consolidated subsidiary of Apollo Group and Greg Cappelli, Apollo Group’s Executive Vice President and Director will be Chairman of the subsidiary.Commenting on the new venture, Greg Cappelli said, “We are very excited about this new joint venture and our partner, The Carlyle Group. Our core competencies in the education space, combined with Carlyle’s industry relationships and strategic assets across the global education sector, will allow us to successfully capitalize on the tremendous global opportunity that exists in the marketplace.”

Brian Mueller added, “We will continue to invest capital in our high return core domestic business, and through Apollo Global, we will also explore strategic and value creating global acquisition opportunities. Importantly, we reiterate that any investment must meet our disciplined investment criteria as we remain committed to creating long-term value for our shareholders.”

Brooke B. Coburn, Managing Director and Co-head of Carlyle Venture Partners III, L.P., said, “Global demand for higher education is strong. Apollo Group’s operational expertise coupled with Carlyle’s global network make this a powerful partnership.”

The remaining six directors who comprise Apollo Global’s board include Brian Mueller, President and Director of Apollo Group, Peter V. Sperling, Senior Vice President, Secretary and Director of Apollo Group, Roy A. Herberger, Jr., an Apollo Group Director, Jeff Langenbach, Vice President Corporate Development of Apollo Group and Apollo Global’s interim President, Brooke B. Coburn, Managing Director and Co-head of Carlyle Venture Partners III, L.P. and Charles C. Moore, Managing Director on Carlyle’s U.S. Venture and Growth team.

About Apollo Group, Inc.

Apollo Group, Inc. has been an education provider for more than 30 years, operating the University of Phoenix, the Institute for Professional Development, the College for Financial Planning, Western International University and Insight Schools. The Company offers innovative and distinctive educational programs and services at high school, college and graduate levels at 259 locations in 40 states and the District of Columbia; Puerto Rico; Alberta and British Columbia, Canada; Mexico and the Netherlands, as well as online, throughout the world.

For more information about Apollo Group, Inc. and its subsidiaries, call (800) 990-APOL or visit Apollo on the company website at: www.apollogrp.edu.

About The Carlyle Group

The Carlyle Group is a global private equity firm with $75.6 billion under management committed to 55 funds. Carlyle invests in buyouts, venture & growth capital, real estate and leveraged finance in Africa, Asia, Australia, Europe, North America and South America focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, technology & business services and telecommunications & media. Since 1987, the firm has invested $32.3 billion of equity in 686 transactions for a total purchase price of $157.7 billion. The Carlyle Group employs more than 900 people in 21 countries. In the aggregate, Carlyle portfolio companies have more than $87 billion in revenue and employ more than 286,000 people around the world. www.carlyle.com.

 

Whens the next wave of acquisitions comming?

I have heard a few rumors but wanted to see what you think. 2002-2003 was suck a massive year for acquisitions but we haven’t seen a boom year (regarding acquisitions) since. Whose ripe for the picking?  Whens the next roll-up coming out?  There are so many nice mid-sized private for-profit schools out there just lining up for the picking…

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