April 10, 2014 / 9:50 PM / 4 years ago

STXNEWS LATAM-Brazil's Anima to buy rival university São Judas

GAEC Educação SA, the Brazilian education group known as Anima, agreed on Thursday to pay 320 million reais ($145.5 million) in cash to acquire rival university São Judas Tadeo, helping propel the group’s expansion in Latin America’s largest economy.

Anima will pay a first installment of 256 million reais to be disbursed the day of the deal’s settlement, and another of 65 million reais when due diligence is concluded, Anima said in a securities filing.

The deal is subject to regulatory approval. Itaú BBA advised Anima on the transaction, while Singular Partners managed the deal for São Judas.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below