EDUCATION DIVE: Apollo Education Group expands to Brazil

Career College Central Summary:

  • Apollo Education Group, the for-profit owner of the University of Phoenix, has entered the Brazilian market with a majority interest purchase of Sociedade Técnica Educacional da Lapa, which provides college programs in the country.
  • The company offers courses under Faculdade da Educacional da Lapa, or FAEL, to 12,000 students through one campus, 113 learning centers, and online offerings.
  • Apollo also recently announced the formation of Apollo Education Ventures, a venture capital fund that will make minority-stake investments in companies in post-secondary education, professional development, and human capital management.

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