Career Partner : University of Phoenix parent pays $105M for school in Germany

Apollo Education Group Inc.'s (Nasdaq: APOL) wholly-owned subsidiary Apollo Global Inc. is making its debut in Germany with a $105 million acquisition of Career Partner GmbH. Apollo Global now operates nine schools, where approximately 2,000 employees serve about 150,000 students in 40 countries. Apollo Global's growth comes at a time when University of Phoenix is shrinking. But Greg Cappelli, CEO of Apollo Education Group, said that's on purpose. His goal is for UOP to be smaller, higher quality...