Ser Educacional’s R$3.862 Billion Acquisition Of Laureate Education Operations

Jones Day advised Laureate Education, Inc. on the deal.

Laureate International, Inc. entered into a definitive agreement with Ser Educacional S.A. for the sale of its Brazilian operations. The transaction value is approximately R$3.862 billion (US$724 million at the current exchange rate and share value), including the assumption of indebtedness, net of cash (which, as of June 30, 2020, was US$124.9 million). In the transaction, Laureate will receive R$1.70 billion in cash and 101,138,369 shares of Ser Educacional. Upon the closing of the transaction, Laureate will own approximately 44% of the shares of Ser Educacional, which will be subject to certain voting restrictions.

Laureate Education, Inc. provides educational services. The University offers undergraduate and doctoral degrees in business and management, medical and health sciences, engineering, information technology, architecture, education, law, communications, and hospitality management. Laureate Education operates worldwide.

Ser Educacional SA operates a Brazilian education company. The Company offers higher education course in Brazil through multiple institutions.

The Jones Day team was led by Scott Levine (Picture).

Involved fees earner: Scott Levine – Jones Day;

Law Firms: Jones Day;

Clients: Laureate Education Inc.;

Author: Ambrogio Visconti