Bofill Mir & Álvarez Jana, Jones Day, Barros Errázuriz and KPMG advised on the transaction
Laureate Education, Inc. (NASDAQ: LAUR) today announced that it has completed the divestiture of its operations in Chile through the transfer of control of its not-for-profit institutions to Fundación Educación y Cultura and the sale of its for-profit operations.
Fundación Educación y Cultura is a Chilean not-for-profit entity founded by Chilean professionals with extensive experience in higher education. Effective today, this entity will be responsible for Universidad Andrés Bello, Universidad de Las Ámericas and Universidad Viña del Mar.
The sale of Laureate’s for-profit institutions includes the sale of Instituto Profesional AIEP to Universidad Andrés Bello, with a transaction value of USD$214.6 million, and the sale of other assets such as Instituto Profesional Escuela Moderna de Música to Fundación Educación y Cultura for USD$3.6 million.
Bofill Mir & Álvarez Jana advised Fundación Educación y Cultura with Alejandro Álvarez, Manuel Sánchez and Joaquín Recart.
In US, Jones Day advised Laureate Education, Inc. with Scott M. Levine.
In Chile Barros Errázuriz Abogados advised Laureate Education, Inc. with Pablo Guerrero Valenzuela, Daniela Peña Fergadiott, Francisca Ossa Márquez, Catalina Barros Honorato, Hugo Molina Núñez and Antonia Prieto Junemann.
KPMG also advised Laureate in Chile.
Involved fees earner: Alejandro Álvarez – BMAJ Bofill Mir & Alvarez Jana Abogados; Joaquín Recart – BMAJ Bofill Mir & Alvarez Jana Abogados; Manuel Sánchez – BMAJ Bofill Mir & Alvarez Jana Abogados; Scott Levine – Jones Day;