August 8, 2019 |
Adtalem Global Education is looking to sell its Brazilian business for roughly BRL2bn ($504m) as it reshuffles its international operations, LatinFinance has heard.
The Illinois-based education company has hired Morgan Stanley to help find a buyer for the business, which runs 15 private university campuses under the brands Ibmec, Damásio and Wyden, according to an analyst in São Paulo.
"The company is seen valued at BRL2bn, but it could get more or less than that, depending on how well [potenti
US company hires Morgan Stanley to find a buyer as acquisitions pick up in Brazil's for-profit education sector