Legal Cheek reports…. Preparations for the sale of BPP University are reportedly underway just two years after its private equity owners snapped it up as part of a multi-million-pound deal.
It is understood Apollo Education Group, the US owners of professional education provider BPP University, of which BPP Law School is a subsidiary, has begun moves to sell the institution to test the appetite for for-profit investment, the Times Higher Education reports.
BPP University has been owned by Apollo Education Group since 2009. Alongside its UK operations, Apollo owns the University of Phoenix, Western International University and the College for Financial Planning. It purchased BPP Holdings (owner of BPP University) for over £303 million.
In 2017, Apollo Education was snapped up by a trio of US private equity firms for £760 million. It is understood BPP University will be sold under the parent company’s new private ownership.
Full story https://www.legalcheek.com/2019/06/bpp-university-to-be-sold/
