Page 5 of 9 – SEC Filing
EXPLANATORY NOTE
International Value Advisers, LLC previously filed a statement
on Schedule 13G with the Securities and Exchange Commission on February 13,
2015, as amended, with respect to the securities that are the subject of this
Schedule 13D pursuant to Rule 13d-1(c) under the Securities Exchange Act of
1934, as amended (the Act).
Item 1. Security and Issuer
This statement relates to the common stock, par
value $0.01 per share (the Shares), of DeVry Education Group Inc., a Delaware
corporation (the Issuer), with principal executive offices at 3005 Highland
Parkway, Downers Grove, IL 60515.
Item 2. Identity and Background
(a)
The Shares reported herein are held by various separately managed account
clients (the Managed Accounts) and certain funds (the Funds) under the
management and control of International Value Advisers, LLC (IVA), a Delaware
limited liability company and an investment adviser registered under the
Investment Advisers Act of 1940. The Funds are the following: (i) IVA Worldwide
Fund, an investment company registered under the Investment Company Act of 1940,
as amended (WORLD); (ii) IVA Global Master Fund L.P., a Cayman Islands
exempted limited partnership (IVAGMF); and (iii) IVA Global SICAV, an
investment company registered in the Grand Duchy of Luxembourg as an undertaking
for collective investment in transferable securities (SICAV). IVA is also the
managing partner of IVAGMFs general partner. Charles de Vaulx and Charles
(Chuck) de Lardemelle are portfolio managers (each a PM, and together, the
PMs) for the Managed Accounts and Funds and, as such, have the authority to
make decisions regarding disposition of all Shares. Charles de Vaulx also acts
as Chief Investment Officer (the CIO) of IVA and has the authority to make
decisions regarding voting of some of the Shares.
IVA and the PMs are each referred to
herein individually as a Reporting Person and collectively as the Reporting
Persons.
(b)
The principal business address of IVA and the PMs is 717 Fifth Avenue,
10th Floor, New York, NY 10022.
(c) The principal business of IVA and the PMs is to invest funds for client
accounts under their management.
(d)
Neither IVA nor the PMs has, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)
Neither IVA nor the PMs has, during the last five years, been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as
a result of such proceeding was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws.
(f)
IVA is a Delaware limited liability company. Charles de Vaulx is a citizen of
France and Chuck de Lardemelle is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration
The
Shares reported herein were acquired at an aggregate purchase amount of
$391,057,963. The Shares were acquired with investment funds of the Managed
Accounts and Funds advised by IVA.
Item 4. Purpose of Transaction
IVA
originally acquired the Shares for investment purposes in the ordinary course of
business.
