How it started
History
In August 2018, Capella Education Company merged with Strayer Education, Inc., in a $1.9 billion deal. The two publicly traded parent companies combined corporate functions; however, the universities remain operating as separate institutions. Strayer shareholders control 52% of Strategic Education, while Capella shareholders control the other 48%.
In July 2020, Strategic Education announced a series of acquisitions: Laureate Education, Inc.'s Australia and New Zealand operations for a reported $642 million; Torrens University in Australia and Think Education and Media Design School in New Zealand for a combined $900 million.
Strayer University and Capella University collectively serve about 80,000 students.
Capella Education Company
Capella Education Company was founded in 1991 by Stephen Shank, former CEO of Tonka Corporation. In 1993, it opened The Graduate School of America (TGSA). In 1999, the company and university were renamed to Capella Education Company and University. In 2003, the company was named to Inc. magazine's Inc. 500 Hall of Fame after being named one of America's 500 Fastest-Growing Private Companies for the fifth year in a row. Prior to going public the company raised more than $67 million from private investors, including Maveron.
From Wikipedia’s article on Capella Education Company, shared under CC BY-SA 4.0.2