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Kirkland & Ellis advises Oakley Capital on the acquisition of Career Partner

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 alongside Oakley in 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 31 December, 2017.
Oakley Capital is a mid-market private equity investor with currently over EUR1.5 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 EUR61.5 million and has reported an EBITDA of EUR10.3 million for the year ended 31 August 2017.

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