Seek Ltd.’s $20.5 Million Acquisition of 30% Stake in Universidad Tecnológica Latinoamericana (UTEL)

O’Melveny & Myers, Creel Abogados, Covington & Burling and Gonzalez Calvillo advised on the deal

Seek Ltd. executed its $20.5 Million Acquisition of 30% Stake in Universidad Tecnológica Latinoamericana (UTEL), from Linzor Capital Partners.

Seek Limited matches hirers and jobseekers with career opportunities and related services on the Internet. The company, led by Andrew R Bassat, Geoff I Roberts and Michael J Ilczynski, in 2017 recorded $929 Million Revenues.

La Universidad Tecnológica Latinoamericana en Línea is an educational institution that offers doctorate, master’s, bachelor’s, and high school programs. The institution is based in Mexico City, Mexico.

Linzor Capital Partners L.P. is a private equity firm specializing in leveraged buyouts, growth capital, turnaround, and distressed situation investments in middle-market and mid-sized companies.

In US, O’Melveny & Myers advised Seek Ltd. with Nima Amini (Picture), John Raney, Grace Xu and Amber Cruz.

Creel Abogados advised Seek Ltd. with Carlos Creel C., Carlos Martínez, Elvia Palazuelos, Patricio Martínez, Ilse Bolaños A. and Patricia López-Padilla.

Covington & Burling advised Linzor Capital Partners with Gabriel J. Mesa and Laura Torre.

In Mexico, Gonzalez Calvillo advised Linzor Capital Partners with Juan Manuel Sancho Rodrigo, Alberto Bustamante and José María Castro Farrés.

Involved fees earner: Juan Manuel Sancho Rodrigo – Gonzalez Calvillo Abogados; Alberto Bustamante – Gonzalez Calvillo Abogados; José María Castro Farrés – Gonzalez Calvillo Abogados; Gabriel Mesa – Covington & Burling; Laura Torre – Covington & Burling; Nima Amini – O’Melveny & Myers LLP; John Raney – O’Melveny & Myers LLP; Grace Xu – O’Melveny & Myers LLP; Amber Cruz – O’Melveny & Myers LLP;

Law Firms: Gonzalez Calvillo Abogados; Covington & Burling; O’Melveny & Myers LLP;

Clients: Linzor Capital; SEEK Ltd;

Author: Michael Patrini