Ser strikes deal for Laureate assets

Ser strikes deal for Laureate assets

Equity Corporate & Sovereign Strategy M&A Debt Brazil

Brazilian for-profit education company Ser Educacional said Friday that it signed an agreement with Laureate to end arbitration proceedings in exchange for a break fee and the right to acquire certain assets from Ânima Educação. Under the terms of the agreement, Ânima will either pay BRL180 million ($31.4 million) to Ser or transfer ownership of 100% of two private universities, Faculdade Internacional da Paraíba (FPB) and Centro Universitário dos Guararapes (UniFG). Ser is also entitled to buy

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