Apollo Education to go private in $1.1B deal

NEW YORK (AP) — Apollo Education is being taken private in a $1.1 billion deal by a consortium led by private investment firm The Vistria Group.

Apollo Education has had several lackluster quarters as enrollments at for-profit schools fell amid increased government scrutiny of the industry.

Tony Miller, chief operating officer of Vistria and a former deputy secretary of the Department of Education, would be Apollo's chairman.