December 20, 2010
Anhanguera Educacional has acquired Sociedade Educacional Plinio Leite, for BRL56.9m in cash and BRL11.7m in assumed debt. The target operates Centro
Universitario Plinio Leite and Colegio Plinio Leite. Anhanguera plans to sell Colegio Plinio Leite and some real estate properties, it says in a regulatory filing. The acquisition represents the company’s entry into the state of Rio de Janeiro and is part of its strategy of national expansion. The deal was funded with cash on hand, and no advisors were used on the deal, it says.