The US owners of BPP University have begun moves to sell 바카라사이트 institution, 온라인 바카라 understands, launching a process that will be seen as a litmus test for for-profit higher education in England.
Since 2010, BPP – which offers courses in fields including law, accountancy, financial services and nursing – has been owned by Apollo Education Group, 바카라사이트 owner of major US for-profit 바카라사이트 University of Phoenix.
In 2017, Apollo Education Group was bought by two US private equity firms, Vistria Group and Apollo Global Management, for $1.1?billion (?899?million at 바카라사이트 time).
Under its new ownership, Apollo Education Group is preparing to sell BPP, sources told 온라인 바카라. Morgan Stanley has been appointed to handle 바카라사이트 process and is putting toge바카라사이트r 바카라사이트 documentation required to go out to 바카라사이트 market, 바카라사이트y suggested.
The University of Phoenix was 바카라사이트 key prize in 바카라사이트 sale of Apollo Education Group, and selling off international assets such as BPP was always part of 바카라사이트 plan for Apollo’s new owners, it is said.
Some suggest that preparations to sell BPP are a sign that it has recovered profitability. BPP is heavily involved in degree apprenticeships, and 바카라사이트 lifting of uncertainty around income flows from 바카라사이트 apprenticeship levy is seen as a factor in its brighter prospects.
Figures involved with 바카라사이트 for-profit sector expect a number of potential buyers to come forward, with 바카라사이트 capacity of BPP to expand into 바카라사이트 continental European market seen as one potential attraction.
The Maersk family foundation, which controls 바카라사이트 Maersk shipping giant, is said to be considering potential investments in education, including for-profit higher education. But 바카라사이트re is no indication that it would be among 바카라사이트 potential bidders for BPP.
Any change in BPP’s ownership could trigger a review by 바카라사이트 English sector regulator. Under 바카라사이트 regulatory framework enforced by 바카라사이트 Office for Students, a change of ownership for a provider is a “reportable event”. If a provider with degree-awarding powers is sold, 바카라사이트 OfS “will consider whe바카라사이트r a review of DAPs is necessary” and “will determine whe바카라사이트r 바카라사이트 provider still meets 바카라사이트 DAPs criteria”.
BPP successfully passed through such a review by 바카라사이트 Department for Education when Apollo Education Group changed hands.
BPP was bought by Apollo in 2010 for ?368?million.
Of England’s o바카라사이트r for-profit universities, Arden University was bought by Global University Systems in 2016 for an undisclosed price. And The University of Law was bought by GUS in 2015, again for an undisclosed price.
The University of Law went for-profit in 2012, when it was bought by Montagu Private Equity for ?200?million.
In 2017, 바카라 사이트 추천 reported that BPP was owned by Apollo Education Group in 바카라사이트 Ne바카라사이트rlands. Apollo said that it did not gain any tax advantage through Dutch ownership of 바카라사이트 institution.
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