Singapore, Jul 9 (PTI) : New York-listed Apollo Global Management Inc. has doubled its capital commitment to the Global Schools Group (GSG), which aims to spend USD 1.5-USD 2 billion over the next few years on mergers and acquisition of Ivy League K12 schools.
Apollo is doubling its initially provided long-term funding in 2021, enabling GSG to ramp up its investments over USD 650 million and to complete initial transactions in the European and UK markets while consolidating its existing presence in Asia and the Middle East, GSG’s Indian-origin parent group Global Schools Foundation (GSF) announced on Saturday.
“The expectation is to further deploy USD 1.5 to 2 billion over the next few years, accelerating the company’s global expansion through merger and acquisition of leading, super-premium, and Ivy League K12 schools,” GSF said.
