Radar > 243719

Advent considers acquisition of Kroton's assets

Advent considera adquirir ativos da Kroton

Intel ID : 243719
Synopsis

Advent, an investment fund, may invest up to BRL 900m to acquire assets that Kroton Educacional (BVMF: KROT3) will have to sell to approve the merger with Estácio Participações (BVMF: ESTC11) on the Administrative Council for Economic Defense (see related transaction ), reported Exame on 24 December 2016, citing a report published by Estadão.

In March 2015, Advent acquired the Centro Universitário da Serra Gaúcha. The fund also acquired Cesuca for BRL 50m (see related transactions). The businesses have a total of 13,000 students. Advent would be in negotiations with institutions from other regions in Brazil, including advanced conversations with a Northeastern group.
(content in portuguese)

O fundo Advent pode investir até BRL 900m para ficar com ativos que a Kroton Educacional (BVMF:KROT3) terá de vender para aprovar a fusão com a Estácio Participações (BVMF:ESTC11) no Conselho Administrativo de Defesa Econômica (ver transação relacionada), de acordo com publicação da revista Exame em 24 de dezembro de 2016, que cita reportagem apurada pelo Estadão.

O fundo americano comprou, em março de 2015, o Centro Universitário da Serra Gaúcha, que serviu de gênese para um novo grupo educacional, o FSG. Adquiriu também a Cesuca por cerca de BRL 50m (ver transações relacionadas). Juntos, os dois negócios somam 13 mil alunos. Neste momento, o Advent estaria em negociações com instituições de outras regiões, incluindo conversas avançadas com um grupo nordestino.

Intel ID 243719
Value ND
Native Currency Brazilian Real (BRL)
Exchange Rate:
Financial Data - Kroton Educacional
(31 Dec 2024)
Revenue: EUR 997,64m
EBITDA: EUR 318,55m
Net Debt: EUR 416,42m
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Education (Primary)
Primary Sector (TTRSC)
15.06.01 Colleges & Universities
15 Consumer Products & Services / 15.06 Education & Training Services

Country
Website
Description

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    
-

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.