Deal Snapshot
ADTALEM GLOBAL EDUCATION TO TRANSFER OWNERSHIP OF DEVRY UNIVERSITY
Thursday 07 December 2017

US-based education provider Adtalem Global Education (NYSE: ATGE) has signed an agreement to transfer ownership of DeVry University and its Keller Graduate School of Management to Cogswell Education LLC, the company said.
The agreement is subject to certain terms and conditions to be met during the transition process, including regulatory and accreditor approval, and the transaction is anticipated to be completed in 2018. Cogswell Education will assume full ownership of DeVry University, and, while no consideration will be paid to Adtalem at closing, the agreement includes an earn-out for Adtalem, which is based on DeVry University's future performance over a multi-year period.


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Details
Date Published: 07/12/2017
Target: DeVry University and its Keller Graduate School of Management
Country: USA
Sector: Business and Consumer Services
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor: Adtalem Global Education
Buyer: Cogswell Education LLC
Comment:
Terms of the deal were not disclosed

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