Adtalem Global Education Announces Definitive Agreement to Divest Financial Services Segment

CHICAGO–(Enterprise WIRE)–Adtalem Global Education and learning (NYSE: ATGE), a main supplier of specialist talent to the healthcare marketplace, declared currently it has entered into a definitive agreement to market its Economical Providers phase, which includes ACAMS (Association of Licensed Anti-Funds Laundering Professionals), Becker Qualified Training and OnCourse Understanding, to a consortium of Wendel Group and Colibri Group in an all money transaction for $1 billion. The transaction is envisioned to close in the 3rd quarter of fiscal year 2022, topic to customary closing ailments.

“We are very proud of the huge growth and operating general performance we have produced in our money solutions segment in excess of the earlier two decades, which has produced the option to unlock substantial shareholder price by this transaction,” explained Steve Beard, president and CEO of Adtalem World wide Training. “I’m assured each of the models and companies in the economic solutions section will go on to direct in their respective marketplaces underneath the new ownership and management of Wendel and Colibri.

“This transaction is the fruits of a extensive-time period strategy to sharpen the concentrate of our portfolio and tremendously increase our capability to handle – at scale – the rapidly developing and unmet demand from customers for healthcare pros in the U.S.,” Beard extra.

Wendel Group, based in Paris, is one particular of Europe’s biggest mentioned financial investment companies. It selects major corporations in producing long-expression investments. Colibri Group, a Gridiron Cash enterprise based in St. Louis, helps millions of pros control and progress their professions by way of on the web discovering solutions.

The enterprise will get started reporting the economic products and services phase as a held for sale and discontinued operation in its next quarter fiscal 2022 earnings report.

Morgan Stanley & Co. LLC served as Adtalem’s monetary advisor and Skadden, Arps, Slate, Meagher & Flom LLP as its legal counsel in the sale of the economical providers phase. Houlihan Lokey served as Colibri and Gridiron’s financial advisor and Finn Dixon & Herling LLP as its legal counsel. Macquarie Cash served as Wendel’s financial advisor and Kirkland & Ellis LLP as its lawful advisor.

About Adtalem World-wide Instruction

Adtalem Worldwide Education and learning (NYSE: ATGE), a primary workforce methods service provider, associates with organizations in the health care and economical expert services industries to fix crucial workforce expertise requires by expanding accessibility to education and learning, certifications and upskilling packages at scale. With a focused concentrate on driving potent results that enhance workforce preparedness, Adtalem empowers a diverse learner population to accomplish their plans and make inspiring contributions to the world-wide group. Adtalem is the mum or dad organization of ACAMS, American College of the Caribbean Faculty of Medication, Becker Expert Education, Chamberlain College, EduPristine, OnCourse Understanding, Ross College College of Medication, Ross University Faculty of Veterinary Drugs and Walden University. Adtalem has a lot more than 10,000 staff, a network of a lot more than 275,000 alumni and serves about 82,000 members throughout 200 nations and territories. Adtalem was named 1 of America’s Most Accountable Firms 2021 by Newsweek and 1 of America’s Most effective Companies for Range 2021 by Forbes. Adhere to Adtalem on Twitter (@adtalemglobal), LinkedIn or go to adtalem.com for extra info.

About Wendel Team

Wendel is a person of Europe’s primary outlined expenditure companies. The Group invests in Europe and North The usa in businesses which are leaders in their discipline, these types of as Bureau Veritas, Tarkett, Stahl, IHS Towers, Constantia Flexibles, and Crisis Prevention Institute. Wendel frequently performs an active part as a managing or important shareholder in its portfolio corporations. Wendel seeks to put into action long-term improvement procedures, which involve boosting development and margins of businesses so as to increase their leading sector positions.

About Colibri Team

Colibri Team, a Gridiron Cash corporation based in St. Louis, assists thousands and thousands of pros regulate and progress their careers through on the internet understanding answers, centered on licensing, continuing education and learning, market information, and position possibilities for healthcare, serious estate, appraisal and financial products and services, between other professions.

Ahead-Searching Statements

Sure statements in this push launch are ahead-searching statements as described in the Personal Securities Litigation Reform Act of 1995. Forward-searching statements offer recent anticipations of long term functions based on specified assumptions and contain any assertion that does not right relate to any historic or current actuality, which consists of statements relating to the long run affect of the novel coronavirus (“COVID-19”) pandemic, the efficacy and distribution of the vaccines, and the pending sale of the financial products and services section including our expected net proceeds and whether or not the pending sale will be accomplished in the anticipated timeframe, if at all. Forward-looking statements can also be discovered by phrases this kind of as “future,” “believe,” “expect,” “anticipate,” “estimate,” “plan,” “intend,” “may,” “will,” “would,” “could,” “can,” “continue,” “preliminary,” “range,” and related terms. These forward-searching statements are issue to chance and uncertainties that could lead to genuine final results to differ materially from those described in the statements. These danger and uncertainties contain the danger variables explained in Item 1A. “Risk Factors” of our most modern Yearly Report on Form 10-K submitted with the Securities and Trade Fee (SEC) and our other filings with the SEC. These forward-seeking statements are dependent on information and facts readily available to us as of the day any this sort of statements are built, and we do not undertake any obligation to update any forward-hunting assertion, apart from as expected by legislation.