# Apollo Education Group Canonical: https://web4.xpay.bi/en/wiki/wp-en-2694557/ Language: en Published: 2026-10-30T01:09:38.209Z Updated: 2026-10-30T01:09:38.209Z Apollo Education Group, Inc. is an American corporation based in the South Phoenix area of Phoenix, Arizona, with an additional corporate office in Chicago, Illinois. It is privately owned by a consortium of investors including The Vistria Group, LLC and funds affiliated with Apollo Global Management, LLC. ## Key facts ## Overview Apollo Education Group, Inc. is an American corporation based in the South Phoenix area of Phoenix, Arizona, with an additional corporate office in Chicago, Illinois. It is privately owned by a consortium of investors including The Vistria Group, LLC and funds affiliated with Apollo Global Management, LLC. ## Founding Apollo Education Group, Inc. was founded in 1973 by John Sperling and John D. Murphy. ## Apollo Group as a Publicly Traded Corporation (1994–2016) Corporate revenues for the year ending August 31, 2005 were $2.251 billion. In 2008, Apollo Group formed a joint venture with Carlyle Group, called Apollo Global, to make international acquisitions. Apollo also purchased schools in Mexico and Chile As of 5 October 2011, Apollo Group had a market capitalization of $5.36 billion and a price-to-earnings ratio of 13.22. ## Declining revenues The Apollo Group announced quarterly results on 30 June 2011. The company reported $1.45 in earnings per share for the previous quarter, exceeding the Thomson Reuters estimate of $1.33 by $0.12. Apollo Group's quarterly revenue was down 7.6% on a year-over-year basis. In March 2011 the Apollo Group sold its corporate headquarters in Arizona and leased it back in order to raise $170 million in cash. The deal with Cole Real Estate Investments included a 20-year lease requiring Apollo to remain in the complex. "In our view, it does not change the view of the company. Apollo isn't hungry for cash: It carries little debt but generates $4 billion in revenue and has $650 million in net income and $1.5 billion in cash on its balance sheet", commented Peter Wahlstrom of Morningstar, an investment-research company. Revenue of the company continued to fall: in the fiscal year ending on August 31, 2011, the net revenue was $4.7 billion; in 2012, $4.2 billion; in 2013, $3.6 billion. The operating income during this period fell from $956 million in 2011, to $676 million in 2012, to $427 million in 2013. The company attributed this to a decline in enrollment, with degreed enrollment declining from 380,000 in 2011, to 328,000 in 2012, to 269,000 in 2013. In 2015, co-founder John D. Murphy argued that Apollo Group "lost its direction when it abandoned its roots, which were serving working adults, not recent high school graduates." ## Asset under Apollo Global Management (2016–present) On May 6, 2016, the shareholders of the company approved the sale of the firm for $1.14 billion to a group of private investors: Najafi Companies, a Phoenix firm, the New York-based Apollo Global Management and, the Vistria Group of Chicago. The offer amounted to $10 per share, compared to its high of $89/share in 2009. The delisting was completed on February 1, 2017. The amount of lobbyists for Apollo Education Group was reduced from 27 in 2018, to 18 in 2019, and to 10 in 2021. In 2019, the Apollo Education Group was the third largest higher education funder of lobbyists. In March 2022, Pearson rejected a £7bn takeover bid from Apollo Global Management. Anthony W. Miller is Apollo Education Group's chairman. ## University of Phoenix The University of Phoenix was a wholly owned subsidiary of the Apollo Education Group. The University of Phoenix is one of the largest higher education providers in North America. The university has approximately 40 campuses and confers degrees in over 100 degree programs at the associate, bachelor's, master's and doctoral levels. The University of Phoenix has an open enrollment admission policy only requiring a high-school diploma, GED, or an equivalent qualification. The school also provides associate or bachelor's degree applicants opportunity for advanced placement through its prior learning assessment, through which, aside from previous coursework, college credit can come from experiential learning essays, corporate training, and certificates or licenses. University of Phoenix students owe more than $35 billion in student loan debt, the most of any US college. In 2014, University of Phoenix was highlighted in a Time.com article titled "The 5 Colleges That Leave the Most Students Crippled By Debt". ## Apollo Global (later known as Vanta Education) Apollo Group formed Apollo Global to manage and form subsidiaries, assets, and holdings overseas. As part of their first acquisitions, Apollo Global acquired University for the Arts, Sciences, and Communication (UNIACC) in Chile as well as the now defunct Meritus University in Canada. Apollo Global is a joint venture between the Apollo Group and the Carlyle Group. The two partners invested $1 billion in Apollo Global. The Apollo Group invested roughly $801 million and owns 80.1% of the new company. Carlyle invested $199 million and controls the remaining shares. Apollo Global replaced Apollo International. Apollo Global changed its name to Vanta Education. Its current holdings are BPP, FAEL, Open Colleges, and ULA. ## BPP Holdings BPP Holdings is a holding company of the United Kingdom-based provider of professional and academic education. The company is divided into BPP Learning Media, BPP Professional Education and BPP University. BPP University is a United Kingdom degree-awarding body with four schools: BPP Business School, BPP Law School, BPP School of Health and BPP School of Foundation and English Language Studies. Apollo Global acquired BPP Holdings (which includes BPP University) in the United Kingdom for $607 million in July 2009. ## Universidad Latinoamericana, Mexico (sold in 2019) The Universidad Latinoamericana in Mexico was acquired by the Apollo Group in 2007, and sold in 2019 ## Open Colleges, Australia Open Colleges in Australia was acquired for a 70% share agreement by the Apollo Group in 2013. ## Milpark Education Apollo Group announced in August 2011 a $75 million deal to buy Carnegie Learning along with a separate agreement to acquire related technology from CMU for $21.5 million, to be paid over 10 years. ## Aptimus Marketing In 2007, Apollo Group purchased Aptimus for $48 million. Aptimus was a full-service, in-house marketing agency for Apollo Group education institutions, including the University of Phoenix, Axia College, the Institute for Professional Development, Olympus High School, and Insight School. ## Sources - Apollo Education Group · Wikipedia: https://en.wikipedia.org/?curid=2694557 Source: Wikipedia contributors — https://en.wikipedia.org/?curid=2694557&oldid=1373603324 Licence: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation notice: Reformatted for XPay; the source may be abridged, restructured or translated. Consult the cited revision for the original.