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    DGAP-News  116  0 Kommentare AURELIUS Equity Opportunities with a successful start to the year: Portfolio company AKAD University sold to strategic buyer Galileo Global Education

    DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Takeover
    AURELIUS Equity Opportunities with a successful start to the year: Portfolio company AKAD University sold to strategic buyer Galileo Global Education

    01.03.2022 / 07:30
    The issuer is solely responsible for the content of this announcement.


    AURELIUS Equity Opportunities with a successful start to the year: Portfolio company AKAD University sold to strategic buyer Galileo Global Education

    - Germany's oldest private distance learning university sold to Europe's largest higher education group for a purchase price of over EUR 45 million

    - Successful reorganization of AKAD University since takeover in 2014

    - Already fourth exit within a few weeks, AURELIUS expects further purchases and sales in the coming weeks

    Munich/Grünwald, March 1, 2022 - AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, "AURELIUS") announces the sale of the distance learning university AKAD University ("AKAD") to the strategic buyer Galileo Global Education ("Galileo") for a sales price of more than EUR 45m. The purchase price is thus significantly above the most recently calculated net asset value of EUR 25m as of 30 September 2021. Galileo Global Education is the largest higher education group in Europe with approx. 170,000 students in 14 countries.

    AKAD, Germany's oldest state-recognised private distance learning university with headquarters in Stuttgart, specialises in time- and location-independent distance learning alongside work and offers 78 study programmes with Bachelor's, Master's and MBA degrees and more than 100 continuing education options. With over 60 years of experience and more than 67,000 successful graduates, AKAD enables working professionals to complete their studies flexibly, individually and efficiently - studies can be started at any time. Around 12,000 adults are currently enrolled at AKAD University, most of whom are studying alongside their jobs.

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    DGAP-News AURELIUS Equity Opportunities with a successful start to the year: Portfolio company AKAD University sold to strategic buyer Galileo Global Education DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Takeover AURELIUS Equity Opportunities with a successful start to the year: Portfolio company AKAD University sold to strategic buyer Galileo Global Education 01.03.2022 / …