Sunday, October 25, 2015

Carlyle to Buy Brazilian University

Reuters reported:

Brazil's Kroton Educational SA agreed to sell its Uniasselvi university to the Carlyle Group LP and Vinci Partners for 1.1 billion reais ($282.4 million), a newspaper reported on Friday, though the company said no sale deal for the university has been signed.
Uniasselvi, a university with about 75,000 students, is one of the assets Kroton agreed with antitrust authorities to sell as a condition for its purchase of Anhanguera, another education company, in July 2014.
How might Carlyle influence 75,000 students regarding the benefits of private equity underwriting (PEU)?

Update 10-26-15:  Bloomberg confirmed the story today