Cruzeiro do Sul Educacional’s $30.5 Million Notes Offering

Lefosse advised on the transaction

ACEF, part of Cruzeiro do Sul Educacional de Brasil group executed its offering of $30.5 million notes due 2026.

Banco Santander (Brasil) acted as bookrunner on the deal.

Proceeds of the offering will finance the acquisition of Sociedade Educacional Braz Cubas.

Cruzeiro do Sul Educacional, established by professors in 1965, in São Paulo, is a Brazilian post-secundary player with strong presence in a high-growth segment, being one of the most diversified and efficient players in Brazil, with extensive market knowledge, strategically located facilities, strong brands and experienced management team.

The group is composed of eight companies, being two of basic education, one of technical education, and five of higher education, acting with a different strategy for each of its trademark: Colégio Cruzeiro do Sul, Universidade Cruzeiro do Sul and Universidade Cidade de São Paulo, in São Paulo; Centro Universitário Módulo, in Caraguatatuba; Centro Universitário do Distrito Federal, in Brasília; Universidade de Franca, Colégio Alto Padrão and Colégio CTEC, in Franca.

Lefosse advised ACEF S.A. and Banco Santander (Brasil) S.A. with a team including Ricardo Prado (Picture), Bruno Massis and Vinícius Gagliardi.

Involved fees earner: Vinícius Gagliardi – Lefosse; Bruno Massis – Lefosse; Ricardo Prado – Lefosse;

Law Firms: Lefosse;

Clients: Banco Santander Brazil; Cruzeiro do Sul Educacional S.A. ;

Author: Ambrogio Visconti.