Yduqs considering bid for Laureate

Yduqs considering bid for Laureate

Corporate & Sovereign Strategy M&A Brazil US Latin America

Brazilian private education company Yduqs said on Monday it considering making a bid for the Laureate Group's local assets and believes it beat the estimated BRL4 billion ($758.7 million) offer from Ser Educacional disclosed over the weekend. Yduqs, formerly known as Estácio Participações, said in a securities filing it is "deepening [its] understanding" of the assets being sold by Laureate and "believes it is able to present a more attractive competing proposal within the deadline" established

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