Apollo Global Purchases Majority Stake in Universidad Latinoamericana S.C.

Apollo Global, Inc., a consolidated subsidiary of Apollo Group, Inc. (Nasdaq: APOL) (“Apollo Group,” “Apollo” or the “Company”) announced it has purchased a majority stake in Universidad Latinoamericana S.C. (“ULA”), an accredited, private university based in Mexico City, from Carlyle Mexico Partners.

“We are pleased to invest in an institution such as ULA with its 32-year history and solid reputation,” stated Greg Cappelli, Chairman of Apollo Global. “This commitment reflects our desire to provide high-quality education to students throughout Mexico and the region. We have been working to identify opportunities that will create value for Apollo Group shareholders, and we believe ULA, coupled with Mexico’s strong enrollment trends and growing economy, is an excellent fit.”

Founded in 1975, ULA is renowned for its dentistry, medicine and communications programs accredited by the Ministry of Public Education (Secretaría de Educación Publica, SEP) in Mexico. ULA carries authorization from the National Autonomous University of Mexico (Universidad Nacional Autónoma de México, UNAM) for its high school and undergraduate psychology and law programs. With four campuses throughout Mexico, including two in Mexico City, one in Tlalnepantla de Baz, and a fourth in the city of Cuernavaca, ULA offers 27 degree programs and has more than 4,000 students.

Alberto Sancho, Rector of ULA, stated, “We are proud to join the prestigious family of Apollo institutions, with which we share the same ideals of academic excellence and high-level service to our students. Apollo is now our long-term strategic partner. Leveraging our excellent faculty with Apollo’s world-class methods for curriculum development, we will offer our students an advanced educational experience, preparing them for Mexico’s growing economy.”

Prior to Apollo Global’s purchase of a majority stake, ULA was a portfolio company of Carlyle Mexico Partners, a private equity fund managed by The Carlyle Group. Carlyle Mexico Partners will continue to own a 35% equity stake in ULA and have representation on its Board of Directors.

Joaquin Avila, Managing Director and Head of the Carlyle Mexico team, said, “ULA has a bright future. We have been working to grow the university for the past two years, and a partnership with Apollo Group, a leader in the sector, affirms and furthers these efforts.