Career Education Corp. (NASDAQ:CECO) Closes Deal With Equity Partner Apax Partners


Dallas, Texas 01/23/2014 (FINANCIALSTRENDS) – Career Education Corp. (NASDAQ:CECO) has since announced that it will move the control of its European educational properties to Apax Partners.  The company offers its programs through a network of institutions such as University Schools, Career Schools, International Schools as well as Transitional Schools.

Career Education Corp. (NASDAQ:CECO) too is expected to move higher on the stock market as the education sector noted a resurgence, notably by Apollo Education which raked in profits in the previous quarter. The company had indicated the quarter one EPS as positive.

In December last the company complete the complete disinvestment of the INSEEC as well as the International University of Monaco schools to equity partner Apax Partners in a sale valued at $305 million. This has helped the company to net over $276.5 million in net proceeds according to official filings made by the company.

Career Education Corp. (NASDAQ:CECO) is a $449.26 million market cap company which currently trades at $6.69 per share and 52 week high of $6.90 and 52 week low of $2.03. The company also has volumes of 831,820.

Career Education Corp. (NASDAQ:CECO) operates in the education niche through its various colleges, universities and schools offers a range of student programs which cater to the needs of over 75,000 students. The delivery of classes is both in the traditional classroom environment as well as the online programs as well. The company is also known to offer a hybrid variety of delivery of classes. The four business lines of activity for the company have been the University Schools, International as well as Transitional schools besides Career Schools as well. The company institutions count to be some of the best in the country with such universities as the Colorado Technical University, The American InterContinental University as well as Brooks Institute along with International University of Monaco. Career Education Corp. (NASDAQ:CECO) also operates the Le Cordon Blue North America besides the Sanford-Brown Institutes and Colleges.

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